By transforming the way we deliver data, we’re helping world-class asset managers change the way they work and better serve their clients.
When GCM Grosvenor, a global alternative asset management firm, approached us to help them streamline information access, our team members rolled up their sleeves and got to work. Drawing from our experience, having provided a variety of custody, treasury and administrative services to GCM Grosvenor for many years, as well as insights gained solving challenges for many of the world’s most demanding institutional investors and investment managers, we worked hand-in-hand with GCM Grosvenor to put the power of technology and data at their fingertips.
GCM Grosvenor chose to leverage NEXENSM, BNY Mellon’s financial services digital platform. Developed using open source technology, NEXEN has transformed the way BNY Mellon delivers data to clients. The company is co-developing, with our Client Technology Solutions team, a new process that will empower on-demand access to relevant, accurate information from a secure, private cloud. With control of the data, GCM Grosvenor can better leverage the BNY Mellon administration service offering. This technology-driven solution, powered by NEXEN, will enable GCM Grosvenor to consume BNY Mellon accounting data, allowing its team to focus more time and energy on analysis and value-added services to their clients.
Thomas Cavagnaro, Relationship Manager for BNY Mellon Alternative Investment Services, said, “As part of the ongoing collaborative process, we invited principals from GCM Grosvenor to visit BNY Mellon’s Jersey City Innovation Center to explore all of NEXEN’s capabilities. This visit further demonstrated BNY Mellon’s commitment to innovative technologies and set the foundation for identifying additional opportunities to partner in reshaping the way we do business together.” The partnership received high marks from Paul Guercio, Senior Vice President, Finance, of GCM Grosvenor. “While we are still in the early stages of leveraging the platform’s capabilities, this process has been exciting for everyone involved. Our BNY Mellon team listened carefully to understand our objectives, and is collaborating with us to develop an innovative solution that will enhance the administration service offering to our funds.”
GCM Grosvenor is a global alternative asset management firm with over USD45 billion invested in hedge fund strategies, private equity, infrastructure, real estate and multi-asset class solutions. It is one of the largest, most diversified independent alternative asset management firms worldwide. GCM Grosvenor has offered alternative investment solutions since 1971.