Epoch Investment Partners Selects Mellon Financial to Provide Back Office Services for Managed Accounts
14 Juin 2007 - 3:11PM
PR Newswire (US)
PITTSBURGH, June 14 /PRNewswire-FirstCall/ -- Mellon Financial
Corporation (NYSE:MEL) announced today that it will administer the
middle and back office managed accounts business of Epoch
Investment Partners. Services include account opening and
maintenance, transaction support, custodian reconciliation and
performance measurement. In addition, Mellon will provide Epoch
with an imaging and workflow tool to improve its operational
efficiencies. "Mellon's wide array of support services will
facilitate our ability to grow our business and provide the
transparency that we believe is essential in the current investment
and regulatory environment," said Tim Taussig, president and chief
operating officer of Epoch. "In addition to delivering superior
investment performance, we strive to demonstrate the clarity of our
investment process." Epoch, which began operating in 2004, manages
over $5.3 billion in assets including $55 million in managed
account assets. Epoch focuses on free cash flow and dividend yield
as significant components of its stock selection process. "We are
pleased that Epoch has chosen Mellon to provide middle and back
office support," said James P. Palermo, vice chairman of Mellon
Financial and head of its Asset Servicing group. "Increasingly,
Mellon is being recognized for its ability to provide the resources
that asset managers require to grow." Mellon's Asset Servicing
group provides solution-oriented service and tools to support the
entire investment process for investment managers, public and
private pension funds, endowments and foundations, mutual funds,
insurance and other financial institutions. The Asset Servicing
group is comprised of Eagle Investment Systems, DPM Mellon, Mellon
Analytical Solutions, and its joint venture partnerships -- ABN
AMRO Mellon and CIBC Mellon. Mellon Financial Corporation is a
global financial services company. Headquartered in Pittsburgh,
Mellon is one of the world's leading providers of financial
services for institutions, corporations and high net worth
individuals, providing asset management, wealth management, asset
servicing, issuer services and treasury services. Mellon has
approximately $5.8 trillion in assets under management,
administration or custody, including $1.034 trillion under
management. News and other information about Mellon is available at
http://www.mellon.com/. DATASOURCE: Mellon Financial Corporation
CONTACT: Mike Dunn of Mellon Financial Corporation,
+1-212-922-7859, Web site: http://www.mellon.com/
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