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Mandates: BNY Mellon, Soc Gen, State Street

15 November 2011

BNY Mellon and Soc Gen have won asset servicing mandates while State Street has added securities lending to an existing contract

Read more: BNY Mellon SGSS State Street

BNY Mellon has been selected by Bridgewater Associates to provide middle and back office outsourcing services for approximately $125bn of assets.

BNY Mellon will support Bridgewater's strategy of delivering diversified alpha and beta strategies for clients via its outsourcing platform - BNY Mellon OnCore.

Services will include a fully integrated data warehouse, plus trade processing, portfolio accounting, and derivatives processing.

As a result of the new middle and back office arrangement, approximately 100 Bridgewater software experts,...