As part of Funds Europe’s annual survey of third-party fund administrators, Daron Pearce, CEO of asset servicing at Emea at BNY Mellon, answered questions on M&A, fund management and operational priorities.
Have you made any acquisition in the past two to three years and what were the drivers?
No.
Whether through acquisition or organic development, where is the most resource focused at present in the development of your business?
Our focus is on digitising our core offerings in order to provide clients access to their data in more innovative, real-time, efficient ways – delivering intraday insights and more real-time transparency. We are launching next-generation data and analytics capabilities to help clients with their most complex data needs and challenges, and to capitalise on new data-driven opportunities. Our growing array of partnerships and collaborations has accelerated our ability to deliver modular solutions through an open-architecture model that offers clients optionality and choice. Examples include front-to-back integration of data and workflows, improving operational efficiencies, enhancing risk analytics solutions, and increased NAV [net asset value] oversight.
In your view, what should be the top one or two operational priorities for fund management firms now, and why?
Our clients are increasingly focusing on their core competencies. They are searching for efficiencies and ways to improve their operating models that add value and are sustainable. With their fees under pressure, they look to reduce costs by passing some of that pressure on to their providers. This is an opportunity for us to show how we can bring extra value – supporting clients with solutions that make them more efficient and effective.
The directory may be viewed here and the survey here.
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