BNY Mellon to Provide Managed Account Outsourcing for Mesirow Financial

BNY Mellon Asset Servicing announced it will provide managed accounts outsourcing support for Mesirow Financial, a Chicago-based financial services firm.

BNY Mellon will provide a range of services, including account opening and maintenance transaction support, custodian reconciliation, and performance measurement on more than $200 million of Mesirow’s client assets, according to a news release.

BNY Mellon Asset Servicing started providing investment manager outsourcing services for Mesirow Financial in November and recently added another segment of the firm’s managed accounts business.  

Mesirow Financial is an independent, employee-owned firm with nearly $31.7 billion in assets under management and more than 1,100 employees in locations across the country and in London, according to the release. The firm provides investment management, investment services, insurance services, investment banking, consulting, and real estate for institutions, public-sector entities, corporations, and individuals.