BNY Mellon Asset Servicing Named Custodian by The Ohio State University

BOSTON, April 8 /PRNewswire-FirstCall/ -- BNY Mellon Asset Servicing, the global leader in securities servicing, has been named custodian by The Ohio State University for its Long-Term Investment Pool.  In addition to providing custody and accounting for more than $1.9 billion in endowment assets, BNY Mellon will also deliver its full suite of Performance & Risk Analytics services, as well as complete administrative support for the university's private equity program to help officials manage and analyze alternative investments.

The Ohio State University has more than 4,000 endowment funds that provide student scholarships, support outstanding teachers and researchers, fund new facilities, and sustain a myriad of other purposes. Endowed gifts to Ohio State are invested in the university's Long-Term Investment Pool.

"We're proud to be able to support officials at The Ohio State University in fulfilling the school's financial mission," said Vince Sands, executive vice president of BNY Mellon Asset Servicing.  "Ohio State is an institution with a rich heritage, and we'll bring both the technological and human expertise our many endowment clients have come to depend on in servicing their plan assets."

The new relationship with the Columbus, Ohio-based institution reinforces BNY Mellon's position as the leading custody provider to university endowments in the U.S.  BNY Mellon now provides trust and other securities services to 11 of the nation's 20 largest endowments.

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 is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).  BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company 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 $22.3 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. Learn more at www.bnymellon.com.

SOURCE BNY Mellon

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