Mellon Financial Corporation’s asset servicing business has been appointed to provide transfer agency and fund accounting for three funds, the Fitzwilliam OEIC, with a combined value of around Ј150 million.
WAY Fund Managers Limited operates as the Authorised Corporate Director to the Fitzwilliam OEIC on behalf of BDO Stoy Hayward Investment Management Ltd.
Trustee and custody services to the Fitzwilliam OEIC are already provided through ABN AMRO Mellon Global Securities, the 50-50 joint venture between Mellon Financial Corporation and ABN AMRO Bank N.V.
“WAY Fund Managers is a valued client and we are proud and delighted to have the opportunity to extend our relationship with them,” says Nadine Chakar, executive vice president at Mellon and CEO of ABN AMRO Mellon.
Shaun Port, CIO at BDO Stoy Hayward Investment Management Ltd, who act as the Investment Adviser to the Fitzwilliam OEIC, adds: “As BDO Stoy Hayward Investment Management Ltd strives to continue developing its investment management proposition, we needed an asset servicing partner who could provide top quality service across all of our administration needs. We are pleased WAY Fund Managers were able to find a strong partner in Mellon who, as custodian and trustee, has proved a flexible and professional partner. We are looking forward to working with the wider Mellon asset servicing team and to giving our customers an even better service as a result.”