Acadian Asset Management, the Boston-based manager with AuM of USD100bn, has been onboarded to BNY Mellon’s middle office platform. BNY Mellon now supports Acadian’s middle office activities, including trade support, IBOR and data delivery.
Jim Crumlish, chief information officer at Acadian Asset Management, said: “This is an exciting milestone for Acadian. Strategically, this transition enables us to focus on our core competencies of generating alpha and delivering superior service to our clients, rather than expend valuable resources on commoditised functions. From a tactical standpoint, we’re now able to retire legacy technology, support more transactions and accounts, and implement a more robust global operating model.”