BNY Mellon completes Man AHL migration 27 September 2017New York Reporter: Theo Andrew
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BNY Mellon has completed the migration of Man AHL’s book of business, providing fund administration services for the systematic trading platform.
Man AHL selected BNY Mellon on its ability to handle its multi-jurisdictional requirements, high trading volumes and large base of investors.
Geoff Galbraith, COO of Man Group, said: “From their appointment as fund administrator BNY Mellon were fully committed to leading a multifaceted global migration across a large number of funds, investors, intermediaries and legal jurisdictions.”
He added: “The teams at both BNY Mellon and Man Group have worked collaboratively throughout the planning and transition process to execute a highly professional and successful transition.”
Chandresh Iyer, CEO of BNY Mellon's alternative investment services and structured products business, said: ”This agreement to support the Man AHL book of business not only represents an important new milestone in our long-standing relationship with Man Group but also demonstrates BNY Mellon's ability to convert a highly complex book of business in a timely and highly efficient manner."
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