Lunate picks BNY Mellon for fund services 20 February 2024UAE Reporter: Lucy Carter
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Global alternative investment manager Lunate Capital has selected BNY Mellon for fund administration, transfer agency and global custody.
Based in Abu Dhabi, Lunate is a subsidiary of private investment firm Chimera Investment.
BNY Mellon will service Lunate’s complete portfolio, offering a complete view across funds and providing data-driven insights.
Through the partnership, the companies aim to further develop the UAE’s capital markets landscape.
Commenting on the announcement, Seif Fikry, managing partner at Lunate, says: “It is important to us as we navigate global markets that we are supported by BNY Mellon, with its approach covering different fund structures and strategies, to drive long-term value for our clients.”
Hani Kablawi, head of international at BNY Mellon, adds: “Our expertise and commitment to providing general partner investment lifecycle solutions at scale will help Lunate achieve its global ambitions across its multi-asset class portfolio."
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