Mellon Financial Corporation has announced that its Dublin operations have been appointed to service Standard Chartered Bank’s Dublin-domiciled money market fund – Standard Chartered Bank Global Liquidity Fund.
This is a money market fund consisting of a US dollar sub-fund, currently valued at US$1.13 billion. The service includes fund administration and trustee services.
“This mandate, to another first class name, establishes Mellon as one of the market leaders, in the servicing of money market funds in the Irish market,” says Harley Murphy, the Country Manager for Mellon’s Irish businesses.
“Our growing reputation is built on proven technology and delivered by an experienced team, which continues to attract increasing business to Dublin and elsewhere across the company,” adds Nadine Chakar, the Executive Vice President of Mellon. “We are delighted to work with Standard Chartered and look forward to cementing our relationship further.”