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SQM Frontier Management selects BNY Mellon
29 November 2018 Virginia
Reporter: Jenna Lomax

Image: Shutterstock
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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