BNY Mellon recently revealed in an announcement that it has partnered with Liontrust on its efforts in improving the asset management platform.
As per the statement released by the firm, the US-based multinational banking service provider has onboarded Liontrust Asset Management Plc as its first end to end client on its new investment operations platform.
This new investment operations platform uses an open architecture platform aimed at improving automation and integration capabilities to provide its institutional asset manager with offer-enhanced data management and control capabilities.
The newly launched investment management platform unit is made up of its existing middle office solutions and an enhanced set of services that support the evolving needs of its institutional asset management client base.
The newly launched platform will provide modular data capabilities that facilitate clients to gain greater operational transparency and flexible integration to outsourced services and operations. Clients also gain access to a wide range of services such as trade support, derivatives lifecycle, collateral management, bank loans, investment book of record (IBOR) and investment performance across all asset classes.
Aside from clients, the asset managers also gain new features that allow them to make better decisions when it comes to investment decisions when it comes to risk management, improving efficiency and cost reduction.
Commenting on this partnership, Peter Keaveney – Global Head of Investment Operations at BNY Mellon said, “It has been great working with Liontrust to on-board the company as the first end-to-end user of our new platform. This is an exciting milestone as we move forward in bringing all of our Investment Operations clients onto our highly efficient, scalable operating model and technology platform.”
He added: “Our solution simplifies complexity and is designed to reduce operational risk – from system integration and trade support to new product launches and distribution across geographies – so clients can focus on their core competency of managing investments”.
Speaking on the same note, Vinay Abrol – Chief Operating Officer and Chief Financial Officer of Liontrust Asset Management Plc said, “Our continued success and growth will be aided by efficient, dependable and flexible operations. We have been impressed with BNY Mellon’s Investment Operations capabilities and leading technology, along with the professionalism with which their team transitioned us onto their new platform. We look forward to continuing to work with the BNY Mellon team in the future”.
