LONDON, June 29, 2015 /PRNewswire/ -- BNY Mellon, a
global leader in investment management and investment services, has
been appointed by alternative fund managers Saemor Capital B.V. and
Pelargos Capital B.V. to provide AIFMD depositary, fund
administration, and middle office and investor services for assets
valued at EUR800 million.
BNY Mellon will support three existing Dutch funds in addition
to the future launch of new investment products, such as Cayman or
UCITS funds, on behalf of the two managers, which share an
operational platform.
Patrick van de Laar, chief
operating officer for both firms, said: "BNY Mellon came out first
in our due diligence process in which we looked for a global
service provider that could support the needs of our long short
products which are invested in a variety of markets and which use a
range of prime brokers. Based on our strong investment results, we
expect substantial growth of our operations, and are looking
forward to make that happen in cooperation with BNY Mellon as our
service provider."
Leonique van Houwelingen, country
executive for the Netherlands at
BNY Mellon, said: "We have worked closely with Saemor Capital and
Pelargos Capital on the development of a robust operating model
that encompasses transfer & registrar services, middle office
outsourcing, fund accounting and Dutch depositary services. Our
local market expertise combined with our ability to draw upon our
various operational centres of excellence around Europe offer very real benefits when it comes
to supporting our clients both in the
Netherlands and more widely across the region."
Notes to editors:
BNY Mellon's Asset Servicing business supports institutional
investors in today's fast-evolving markets, safekeeping assets and
enhancing the administration of client investments through services
that process, monitor and measure data from around the world,
allowing clients to focus on the management of their investments.
We leverage our global footprint and local expertise to deliver
insight and solutions across every stage of the investment
lifecycle.
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
35 countries and more than 100 markets. As of March 31, 2015, BNY Mellon had $28.5 trillion in assets under custody and/or
administration and $1.7 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.
Contact: Tim Steele
+44 20 7163 5850
tim.steele@bnymellon.com
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SOURCE BNY Mellon