BNY Mellon Recognized for Alternative Credit Fund Technology at Alt Credit US Services Awards 2019
FEBRUARY 14, 2019
BNY Mellon, a global leader in investment management and investment services, was awarded for Best Admin: Technology for the first time at the annual Alt Credit Intelligence US Services Awards1 ceremony held on February 12, 2019 in New York City. BNY Mellon’s Pershing was also recognized for the second consecutive year with the award for Best Prime Broker: Credit Strategies.
The Alt Credit Intelligence US Services Awards, produced in association with HFM Global, highlight the best in class for services to alternative credit fund managers. Service providers are “recognized for their excellence in customer service, technological innovation and overall service,” according to HFM Global.
Peter Salvage, Global Head of Hedge Fund Services for BNY Mellon, said, “We are honored to receive this recognition for our credit fund administration technology. In the last year we enhanced our offerings with data, reporting and workflow functionality that address the specific needs of credit managers. Credit funds are one of the fastest growing segments within our alternatives business which has $490 billion of loans under administration globally, an increase of 23% from 2017 to 2018. We are committed to continuing to support this segment using our integrated fund and loan administration services.”
BNY Mellon is one of the largest third-party administrators globally and remains committed to being a leading provider of alternative fund administration services. Currently, BNY Mellon supports over 580 clients globally with over US$1 trillion of alternative assets under administration and/or custody.
Learn more about BNY Mellon Alternative Investments services and solutions.
1The awards are determined by the editorial board of Alts Credit Intelligence based on entries submitted by the applicants.