New York (HedgeCo.net) – BNY Mellon’s Alternative Investment Services (AIS) division received top industry recognition at Asian Investor’s 2011 Service Provider Awards last night in Hong Kong, winning the Best Alternatives Administrator Award. Andrew Gordon, Head of Alternative & Broker-Dealer Services – Asia-Pacific at BNY Mellon, was also named Custodian Banker of the Year – Asia-Pacific.
“We value recognition such as this as a strong reflection of our efforts each day to anticipate and deliver what our clients want.” Steve Lackey, Chairman of Asia-Pacific at BNY Mellon, said, “We are delighted that Andrew has won this illustrious award as it is clearly recognition of his respected and influential position within the industry.”
This is the third award BNY Mellon’s Alternatives Investment Services team in Asia has won in 2011. The team scooped the award for Best Fund Administrator for Alternative Products for the second year in Asia Asset Management magazine’s 2010 ‘Best of the Best’ Awards in January 2011. The team was also recognised in The Asset magazine’s Triple A Transaction Banking Awards in March 2011, claiming the Best Fund Administrator – Hedge Funds award for the second year.”
BNY Mellon Alternative Investment Services is a leading servicer of single manager hedge funds, funds of hedge funds, and private equity assets, with more than US$400 billion in assets under administration. It operates globally in Bermuda, the Cayman Islands, Guernsey, Hong Kong, Ireland, Japan, Luxembourg, Poland, Singapore and the U.K., plus six U.S. states. BNY Mellon has $25.9 trillion in assets under custody and administration and $1.2 trillion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day.
Editing by Alex Akesson
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