Increasingly, investment managers are turning to asset servicers like BNY Mellon who are better positioned to make the necessary investments in technology and people to deliver a higher level of service.
In 2015, Deutsche Asset & Wealth Management (Deutsche AWM) outsourced its direct real estate and infrastructure fund finance, fund accounting, asset management accounting and client and financial reporting functions to BNY Mellon. Dozens of people from Deutsche AWM's fund finance team transferred to BNY Mellon and became part of its Alternative Investment Services business. In another transaction, BNY Mellon was selected to provide portfolio and fund accounting and administration services to support T. Rowe Price’s investment operation. LEARN MORE