Liontrust appoints BNY Mellon as fund services provider

Follows acquisition of Alliance Trust Investments

Liontrust has appointed BNY Mellon to manage its consolidated outsourced fund services across the UK and Ireland fund ranges.

Global investment manager BNY Mellon will provide services including: depositary; fund accounting; global custody; global risk solutions; middle office and transfer agency. Ancillary services will extend to securities lending FX and cash management. The move comes following Liontrust's  acquisition of Alliance Trust Investments last year, which resulted in five asset servicing relationships across the Liontrust business. Vinay Abrol, chief operating officer and chief financial officer at Liontrust Asset Management, said: "It is clear that moving to a single partner will help us to ...