BNY Mellon appointed to provide alternatives depositary and administration services by Saemor Capital B.V. and Pelargos Capital B.V. in the Netherlands
Jun 29, 2015, 06:00 ET
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
SOURCE BNY Mellon
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