BNY Mellon becomes fund Service provider for Amundi
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BNY Mellon becomes fund Service provider for Amundi 17 February 2021US Reporter: Maddie Saghir
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BNY Mellon has been selected as custody, fund accounting, administration and transfer agency services for the Pioneer Funds, which are managed by Amundi US.
Consolidating core fund services across the BNY Mellon platform is expected to result in operating efficiencies for the Pioneer Funds.
BNY Mellon OMNI is a client and data-centric open, modular platform to power and optimise the investment lifecycle while Amundi’s ALTO* is a portfolio management system that covers the entire investment management value chain.
Fund services for the Pioneer Funds will transition to BNY Mellon during the remainder of 2021.
Lisa Jones, CEO of Amundi US, comments: “The Pioneer Funds selected BNY Mellon as the sole provider across core fund services in recognition of the benefits to fund shareholders. This partnership also will allow Amundi US to better leverage the innovative resources that our recently announced global alliance can bring to our US operation.”
Jones continues: “Our multifaceted alliance with BNY Mellon will have benefits across the entire organisation, from the operating efficiencies benefitting Pioneer Funds’ shareholders to new, industry-leading technology tools and data insights benefitting our portfolio managers.”
Roman Regelman, CEO of asset servicing and head of digital at BNY Mellon, says: “We are delighted BNY Mellon has been selected by Amundi US and the Pioneer Funds to meet their comprehensive service needs.”
“Amundi US is a sophisticated client with complex needs looking to provide the best services for fund shareholders, and we are confident that we can provide the right solution while delivering flexibility and choice through our OMNI platform,” Regelman adds.
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