Bank of New York Mellon Corp., known as BNY Mellon (BK) said Monday that it 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 said it is now providing middle office services and accounting in support of nine open-ended investment companies or OEICs and all of River and Mercantile's segregated funds.
BNY Mellon noted that it 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.
As per the terms of its existing outsourcing arrangement, BNY Mellon already provides River and Mercantile with global custody, trust and depositary, transfer agency, fund accounting and FX services.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.