BNY Mellon puts asset servicing clients on report 04 December 2012Boston Reporter: Mark Dugdale
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BNY Mellon has developed a new suite of online report templates to address the changing needs of its asset servicing client base, which it recently expanded with the addition of Thomas Miller Investment.
Report Solutions is accessible through the BNY Mellon’s WorkbenchSM web platform. It offers clients an online library of report templates that they can use to prepare regulatory filings and for other reporting purposes.
Users can browse the online library, view sample outputs, and copy, tailor and share templates.
The suite was developed with a host of reports in mind, including fair value hierarchy and pricing vendor analyses, custom maturity schedules, and general ledger reporting.
"Report Solutions is a powerful tool to help pension funds, plan sponsors and fund managers handle a host of regulatory and custom reporting needs," said Steve Boor, BNY Mellon managing director of global information delivery products. "The combination of content and advanced online tools greatly reduces the time and effort clients have to spend on these activities. Report Solutions is uniquely positioned to help users now and as regulations continue to evolve."
BNY Mellon recently expanded its asset servicing client base with the addition of Thomas Miller Investment under a ten-year administration and custody outsourcing deal.
BNY Mellon’s asset servicing group is now responsible for Thomas Miller Investment’s institutional business, while BNY Mellon company Pershing is in charge of its private investment management business.
The deal covers Thomas Miller Investment’s onshore and offshore requirements.
Speaking at the time that the deal was announced, Mike Balfour, chief executive at Thomas Miller Investment, said: "Thomas Miller Investment is investing to provide a first class service for all our clients and as such we undertook a thorough review of our administrative capability.”
“By outsourcing these functions we will be able to focus on our areas of knowledge and expertise, which lie within investment management. We are now in a position where the business can grow steadily, and as this happens this deal will allow us to expand our offering by making available our services to larger companies.”
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