"As we set out to serve these investment management companies, our basic process will not change," Keleher said. "Our expertise and experience with pension assets will be applied to the 40 Act Funds managed by these firms."
"Transition management is a key element of our investment services offering as we support clients across the entire transaction lifecycle," said Samir Pandiri, global head of BNY Mellon Asset Servicing. "BNY Mellon Beta & Transition Management follows the fiduciary model, which is well positioned to grow in the current business and regulatory environment."
BNY Mellon Beta & Transition Management focuses on offering a toolkit of solutions for clients striving to maintain their investment exposures in a constantly changing world. Strategies are tailored for clients seeking to manage beta exposures, rebalance assets, and enter or exit investment strategies. Serving a global client base, it offers a comprehensive fiduciary approach that is dedicated solely to serving the beta and transition management needs of clients.
BNY Mellon Asset Servicing supports institutional investors in today's fast-evolving markets, safeguarding assets and enhancing the management and administration of client investments through services that process, monitor and measure data from around the world.BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 36 countries and more than 100 markets. As of March 31, 2013, BNY Mellon had $26.3 trillion in assets under custody and/or administration, and $1.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon. SOURCE BNY Mellon