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BNY Mellon appointed by Aon Hewitt as fund administrator for GBP4 billion of UK fiduciary management assets

BNY Mellon, a global leader in investment management and investment services, has been appointed by Aon Hewitt to provide full fund administration services across the two Irish-domiciled fund ranges with assets totalling almost £4 billion that are the asset platform of its Delegated Consulting Services.

The new mandate will also see BNY Mellon providing performance & risk analytics, securities lending and portfolio hedging to Aon Hewitt, which provides fiduciary management services to UK pension schemes.

George Mortimer, UK Chief Operating Officer for Delegated Consulting Services at Aon Hewitt, said: "We were looking for an innovative solution to optimise our Irish fund structure, in a way that leveraged to the benefit of all our clients the $45bn of delegated assets we have globally. BNY Mellon's commitment to designing and implementing the right solution for us was a key factor in our decision."

Hani Kablawi, EMEA Head of Asset Servicing at BNY Mellon, said: "Our ability to take a fresh and innovative approach to providing a solution that can support Aon Hewitt's growth plans across the region was key to their decision to select BNY Mellon. This new mandate will see us providing Aon Hewitt with a broad range of flexible solutions and services and we look forward to further developing our relationship with them."

BNY Mellon's Asset Servicing business supports institutional investors in today's fast-evolving markets, safeguarding assets and enhancing the management and administration of client investments through services that process, monitor and measure data from around the world. We leverage our global footprint and local expertise to deliver insight and solutions across every stage of the investment lifecycle.