Ohio State University Selects
08 April 2010 Boston
Image: Shutterstock
BNY Mellon Asset Servicin, has recently been named custodian by The Ohio State University for its Long-Term Investment Pool. In addition to providing custody and accounting for more than $1.9 billion in endowment assets, BNY Mellon will also deliver its full suite of Performance & Risk Analytics services, as well as complete administrative support for the university's private equity program to help officials manage and analyze alternative investments.
The Ohio State University has more than 4,000 endowment funds that provide student scholarships, support outstanding teachers and researchers, fund new facilities, and sustain a myriad of other purposes. Endowed gifts to Ohio State are invested in the university's Long-Term Investment Pool.
"We're proud to be able to support officials at The Ohio State University in fulfilling the school's financial mission," said Vince Sands, executive vice president of BNY Mellon Asset Servicing. "Ohio State is an institution with a rich heritage, and we'll bring both the technological and human expertise our many endowment clients have come to depend on in servicing their plan assets."
The new relationship with the Columbus, Ohio-based institution reinforces BNY Mellon's position as the leading custody provider to university endowments in the U.S. BNY Mellon now provides trust and other securities services to 11 of the nation's 20 largest endowments.
The Ohio State University has more than 4,000 endowment funds that provide student scholarships, support outstanding teachers and researchers, fund new facilities, and sustain a myriad of other purposes. Endowed gifts to Ohio State are invested in the university's Long-Term Investment Pool.
"We're proud to be able to support officials at The Ohio State University in fulfilling the school's financial mission," said Vince Sands, executive vice president of BNY Mellon Asset Servicing. "Ohio State is an institution with a rich heritage, and we'll bring both the technological and human expertise our many endowment clients have come to depend on in servicing their plan assets."
The new relationship with the Columbus, Ohio-based institution reinforces BNY Mellon's position as the leading custody provider to university endowments in the U.S. BNY Mellon now provides trust and other securities services to 11 of the nation's 20 largest endowments.
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