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BNY Mellon extends mandate with Bridgewater for outsourcing services

BBR Staff Writer Published 15 November 2011

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

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

Through the extended mandate, BNY Mellon will provide services that include a fully integrated data warehouse, plus trade processing, portfolio accounting, and derivatives processing.

Bridgewater co-CEO Eileen Murray said Bridgewater is extending its partnership with BNY Mellon to continue to provide world-class, operationally excellent middle- and back-office services and to access the scale and breadth of technology services that BNY Mellon can offer Bridgewater clients.

"This comprehensive solution will enable Bridgewater to maintain and differentiate our leading edge back office capabilities in terms of flexibility and service quality to meet the needs of the coming decade and to enable more robust capabilities as our alpha and beta strategies evolve," added Murray.