BNY Mellon Asset Servicing to Provide Managed Account Outsourcing for Mesirow Financial

PRNewswire
BOSTON
(NYSE:BK)
Aug 3, 2009

BOSTON, August 3, 2009 — BNY Mellon Asset Servicing, the global leader in securities servicing, has announced it will provide managed accounts outsourcing support on more than $200 million in client assets of Mesirow Financial, a Chicago-based diversified financial services firm. BNY Mellon will provide a range of services, including account opening and maintenance transaction support, custodian reconciliation, and performance measurement.

BNY Mellon Asset Servicing started providing investment manager outsourcing services for Mesirow Financial in November 2008 and recently added another segment of the firm's managed accounts business.

"BNY Mellon is known for the quality of its service model and its commitment to outsourcing, both in terms of technology and people investments," said Joanne Rohn, managing director at Mesirow Financial. "Our clients demand superior value from us, and we have great trust in BNY Mellon as a partner who can deliver on the same level."

"We've been able to move quickly to identify the resources and capabilities needed to support Mesirow Financial's continued growth," said Vince Sands, executive vice president of BNY Mellon Asset Servicing. "Now more than ever, it makes sense for financial services firms to focus on their core competencies and client relationships while turning to providers like us for account and back office support."

Mesirow Financial is a diversified financial services firm headquartered in Chicago. Founded in 1937, it is an independent, employee-owned firm with nearly $31.7 billion in assets under management and more than 1,100 employees in locations across the country and in London. With expertise in investment management, investment services, insurance services, investment banking, consulting and real estate, Mesirow Financial strives to meet the financial needs of institutions, public sector entities, corporations and individuals. More information is available at mesirowfinancial.com.

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services. BNY Mellon Asset Servicing provides services through The Bank of New York Mellon and other related companies.

The Bank of New York Mellon Corporation (NYSE: BK) is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $20.7 trillion in assets under custody and administration, $926 billion in assets under management, services more than $11.8 trillion in outstanding debt, and processes global payments averaging $1.8 trillion per day. Additional information is available at bnymellon.com.