NEW YORK, Nov. 15, 2016 /PRNewswire/ -- BNY Mellon, a
global leader in investment management and investment services, is
now providing a full suite of middle office services to support the
State of Wisconsin Investment Board's (SWIB) investment operation,
with assets valued at $105 billion as
of September 30, 2016.
BNY Mellon and its Eagle Investment Systems affiliate are
supporting SWIB's investment and data management needs through BNY
Mellon's OnCoreSM suite of middle office solutions,
including a fully integrated data warehouse, portfolio accounting,
trade support, corporate actions, collateral management, pricing,
performance measurement and derivatives processing.
Since 1991, BNY Mellon and Eagle have provided SWIB with a wide
range of investment and integrated data management services,
spanning custody, data management, cash management, and securities
lending programs, among others.
"By expanding our relationship with BNY Mellon, we now have a
state of the art platform, a critical component of our
new portfolio management system. This new system supports
SWIB's innovative investment approach and our data management
requirements," said Michael
Williamson, executive director of SWIB. "BNY Mellon's middle
office solution allows us to leverage the strategic investments
we've made throughout our long standing relationship.
"The conversion to BNY Mellon's investment book of record allows
us to deliver a high level of data quality for our investment
teams," Williamson added.
"By providing the needed infrastructure, BNY Mellon is
supporting asset owners who are making the shift toward in-house
investment management," said Chandresh Iyer, global head of
Middle Office Solutions at BNY Mellon. "Expanding our relationship
with SWIB through OnCore is an important milestone for both firms.
Our investments in technology and people will enable SWIB to
transform their operating model and drive value for their
organization."
"SWIB's deployment of middle office services is a great example
of leveraging our capabilities to enable quality investment book of
record data," said Mal Cullen, Chief
Executive Officer of Eagle Investment Systems. "We are focused on
providing the services to ensure firms have the high quality data
that is critical for the front office."
BNY Mellon's Asset Servicing business 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. 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 Sept. 30, 2016, BNY Mellon had $30.5 trillion in assets under custody and/or
administration, and $1.72 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). Learn more at bnymellon.com. Follow us on Twitter @BNYMellon
or visit our newsroom at bnymellon.com/newsroom for the latest
company news.
This press release is issued by The Bank of New
York Mellon to members of the financial press and media.
All information and figures source BNY Mellon unless otherwise
stated as at September 30, 2012.
The Bank of New York Mellon, London Branch, registered in England and Wales with FC005522 and BR000818
Branch office: One Canada Square,
London E14 5AL
Authorised and regulated in the UK by the Financial Services
Authority.
Contact:
Joseph F. Ailinger Jr
BNY Mellon
+1 617 722 7571
joe.ailinger@bnymellon.com
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SOURCE BNY Mellon