Opalesque Industry Updates - BNY Mellon Alternative Investment Services has been appointed by Swiss Capital Alternative Investments AG, the Swiss-based company with $1.4bn of AUM, to provide fund administration and custody services for its Irish domiciled fund of managed accounts.|
BNY Mellon Alternative Investment Servicesí market-leading reputation as fund administrator for alternative investments was a major factor in winning the mandate, as well as its global strength, financial stability and experience. The companyís ability to offer value-added services such as banking facilities, custody, escrow and liquidity services allows the client to focus on their core activity of fund raising, investing and managing their portfolio as opposed to finding and managing a number of service suppliers.
Marcel Schindler, senior partner and Head Products, at Swiss Capital AG, said: ďWe selected BNY Mellon to provide services following a competitive review. BNY Mellon has considerable expertise in both corporate trust and alternative investment services and their ability to combine these demonstrated their capability in servicing this deal.Ē
Brian Ruane, Chief Executive Officer of Alternative Investment Services at BNY Mellon, said: ďWinning this significant piece of business underscores our recent success in growing our investment management and financial advisory customer base. Our comprehensive portfolio of services allows companies to generate efficiencies from streamlining and consolidating their custody and operational functions." www.bnymellon.com.