BNY Mellon Extends Outsourcing Agreement with River and Mercantile

BNY Mellon, the global leader in investment management and investment services, has been appointed by River and Mercantile Asset Management LLP to provide middle and back office solutions for assets valued at $3.1 billion. In an extension of its existing outsourcing agreement with River and Mercantile, BNY Mellon is now providing middle office services and accounting  in support of nine open-ended investment companies (OEICs) and all of River and Mercantile's segregated funds. BNY Mellon is also providing data management services for all those assets using technology developed by Eagle Investment Systems, its wholly-owned subsidiary. Data is consolidated, validated and enriched by BNY Mellon before being delivered to River and Mercantile; the client can then augment that data in-house to support its front office, audit and compliance requirements. Julian Cripps, COO at River and Mercantile said: "BNY Mellon's ability to provide a flexible middle office solution on globally-deployed technology was a key differentiator when it came to appointing our service provider. The quality of service and the level of support already provided by BNY Mellon, and the strong partnership our two companies have established over the past six years, were also key factors in our decision to extend