BNY Mellon Asset Servicing Announces Outsourcing Mandate with ARGA Investment Management, LP

BOSTON, Sept. 22 /PRNewswire-FirstCall/ -- BNY Mellon Asset Servicing, the global leader in asset servicing, has announced a new mandate to provide back-office services for ARGA Investment Management, LP, a Stamford, Conn.-based independent investment management firm focused on global equities.  BNY Mellon will provide ARGA with a range of outsourcing services, including trade support, accounting, reconciliations, performance measurement, client statements and client billing.

BNY Mellon's newly named outsourcing service, OnCore(SM) , provides an integrated offering for investment managers, combining technology and operations to deliver a sophisticated suite of middle-office and data management solutions.  BNY Mellon currently provides middle-office outsourcing services for 60 clients with a combined $1.4 trillion in assets.    

"Outsourcing these back-office functions is clearly the right choice for us on many levels," said ARGA founder and Chief Investment Officer A. Rama Krishna.  "BNY Mellon gives us the technology, the processing power, and the people support we need, so that we're able to concentrate our energies on investment performance and superior client service."

"New and growing asset management firms like ARGA need to prioritize what they do best and where an outside provider can enhance efficiency," said Lou Maiuri, global head of outsourcing for BNY Mellon Asset Servicing.  "Today's industry and regulatory environment places a lot of demands on investment managers and their financial reporting, and that's exactly where our knowledge of the market and continual investments in modular, scalable systems can provide them with an operational edge."

ARGA Investment Management, LP is an independent investment management firm focused on global equities.  ARGA was founded in 2010 by A. Rama Krishna, CFA, who serves as chief investment officer.  The firm invests in businesses that it believes are undervalued based on long-term earnings power and dividend-paying capability.  Over time, ARGA seeks to generate superior returns to maximize client wealth.  For more information, contact +1-203-614-0800 or visit www.argainvest.com.

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services.

BNY Mellon (NYSE: BK) is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $21.8 trillion in assets under custody and administration and $1.0 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Learn more at www.bnymellon.com.

SOURCE BNY Mellon

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