UK-based Jupiter Fund Management has contracted asset servicer BNY for an operational outsourcing mandate.
The multi-year agreement will see BNY provide a number of services designed to “enhance” Jupiter’s operating platform.
Jupiter has already consolidated its offshore back-office services with BNY, along its middle office operations.
Now BNY is adding services across custody, fund administration, transfer agency and depositary services, middle office, investment operations and data management.
“This relationship with BNY has enabled us to simplify and enhance our operational activities, gaining access to a global support model more commensurate to our business and client needs,” said Dan Cunningham, head of operations at Jupiter.
