BNY Mellon to service PGIM Real
April 20, 2017

BNY Mellon Alternative Investment Services says it will provide fund administration services for PGIM Real Estate's US real estate funds, representing approximately US$33 billion in net assets under management. PGIM Real Estate is the real estate investment business of PGIM, the global investment management businesses of Prudential Financial, Inc.

Said Cathy Marcus, Global Chief Operating Officer of PGIM Real Estate: "Capitalizing on the expertise of both of our organizations will enable PGIM Real Estate to continue to focus on delivering superior investment performance for our clients, while also ensuring we have a world class operating model that is flexible to evolving business needs."

"Our agreement with PGIM Real Estate is another example of how BNY Mellon's investments in strategic platforms are bearing fruit," said Frank LaSalla, Chief Executive Officer, Global Structured Products/Alternative Investment Services for BNY Mellon. "Asset managers are recognizing the immense value in moving their real assets fund servicing from a fixed in-house model to a variable outsourced model, allowing them to focus on their core business of managing portfolios."





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BNY Mellon Alternative Investment Services says it will provide fund administration services for PGIM Real Estate's US real estate funds, representing approximately US$33 billion in net assets under management. PGIM Real Estate is the real estate investment business of PGIM, the global investment management businesses of Prudential Financial, Inc.

Said Cathy Marcus, Global Chief Operating Officer of PGIM Real Estate: "Capitalizing on the expertise of both of our organizations will enable PGIM Real Estate to continue to focus on delivering superior investment performance for our clients, while also ensuring we have a world class operating model that is flexible to evolving business needs."

"Our agreement with PGIM Real Estate is another example of how BNY Mellon's investments in strategic platforms are bearing fruit," said Frank LaSalla, Chief Executive Officer, Global Structured Products/Alternative Investment Services for BNY Mellon. "Asset managers are recognizing the immense value in moving their real assets fund servicing from a fixed in-house model to a variable outsourced model, allowing them to focus on their core business of managing portfolios."



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