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Alternative Market Briefing

BNY Mellon completes migration of Man AHL book of business
Tuesday, September 26, 2017

Komfie Manalo, Opalesque Asia:

BNY Mellon's Alternative Investment Services (AIS) and Structured Products business CEO Chandresh Iyer said that the investment management and services firm has completed the migration of the Man AHL book of business.

Iyer commented on the successful migration, "We are committed to delivering growth-enabling solutions to global hedge funds. 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."

Man AHL has selected BNY Mellon as administrator following an extensive market search. The selection process required participants to demonstrate the ability to support highly complex multi-jurisdictional requirements, including high trading volumes, a large base of investors with daily dealing and support of a global intermediary distribution network, as well as to demonstrate an ongoing commitment to leverage technology to support continued improvements to the business model.

"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......................

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