Mellon Transition Management Services (MTMS), the transitionmanagement specialist for BNY Mellon Asset Management, has been named 2008 Transition Manager of the Year by Global Pensions magazine.
The magazine determined its winner by surveying more than 1,000 pension funds worldwide.
“The transition management industry increasingly is appreciating the way we do business, including our emphasis on transparency, our commitment to the fiduciary model, and our dedication to conducting efficient transitions. Our aim is to reduce both the explicit costs, such as fees, as well as the implicit costs tied to the way the transition is conducted,” says Mark Keleher, CEO, MTMS.
Keleher added that the Global Pensions honor followed a recent tribute from PlanSponsor magazine, which named MTMS best in class in 48 categories. MTMS also has been named best transition manageroverall by Global Investor for the last three years.
“We are pleased with the continuing growth of our business as volume in 2007 increased significantly in Europe and the United States. We see expanding opportunities in Asia and recently opened an office in Sydney, Australia,” adds Keleher.