BNY Mellon has been chosen by SQM Frontier Management (SQM) to be the sole provider of its prime custody and FX services.
BNY Mellon’s prime custody service is built on a client service model.
According to SQM Frontier Management, BNY Mellon’s innovative technology emerged as the best choice to provide real-time access to information, customisable reporting and client-defined dashboards to support SQM’s specific needs.
SQM is a US Securities and Exchange Commission (SEC) registered investment adviser focused on emerging markets, specifically frontier Africa and the Middle East.
The firm, which has headquarters in Arlington, Virginia, manages over $670 million on behalf of clients including university endowments, charitable foundations and pension funds.
Donald Savage, partner and COO at SQM Frontier Management, said: “Throughout the entire selection process, BNY Mellon demonstrated a strong expertise in emerging markets custody and FX services, coupled with an unwavering commitment to client service.”
He added: “Their well-established track record delivering a dedicated, high-touch, service was a major factor in our decision to select them as our custodian.”
Scott Kern, global head of prime custody services at BNY Mellon, commented; “We are delighted to have been selected by SQM, which has been a leading alternative manager in both frontier and emerging markets since 2010.”
He added: “Our selection is a recognition of our ongoing commitment to our clients, our prime custody offering and a continued focus on technology innovation.”
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