BNY Mellon and Amundi join forces to power investment lifecycle

By Pavithra R

BNY Mellon and Amundi has announced a transatlantic partnership to bolster the growth of both companies by integrating world-class complementary capabilities and establishing new integration points between the firms.

Under the partnership, BNY Mellon OMNI, a client- and data-centric securities services platform will be integrated with Amundi’s ALTO (Amundi Leading Technology and Operations), its portfolio management system, across multiple areas that aim to deliver significant benefits, including integrated portfolio management and risk management tools, and operational efficiencies for common clients.

“BNY Mellon has pursued a model of building deep, far-reaching strategic alliances with best-in-class providers, and we are pleased to collaborate with an innovative organization, such as Amundi. We share a commitment to excellence, a relentless focus on client centricity and an entrepreneurial ethos that makes this a powerful alliance. Together, we are helping to transform the investment lifecycle and drive clients’ most important and strategic objectives,” said Akash Shah, Head of Strategy and Global Client Management of BNY Mellon.

OMNI is the first transatlantic integration into ALTO, providing a distinctive client experience by combining and interconnecting the firm’s offerings to deliver an enhanced front-to-back service that:

• Powers investment decision making by delivering real-time actionable insights directly into the front office.
• Creates operational efficiencies and reduce risk by increasing automation, straight-through-processing, and simplifying workflows, and
• Accelerates innovation by improving technology flexibility and providing leading-edge integration tools.

“Amundi has always considered technology as a key differentiating factor in the Asset Management industry, and as such, we have consistently developed our own capabilities together with our top-quality teams. For the last three years, Amundi has extended these capabilities to our partner clients. This alliance with a leading financial institution such as BNY Mellon will help us access new markets, and expand our geographic coverage,” said Yves Perrier, Chief Executive Officer of Amundi.

The collaboration aims to deliver an automated and simplified workflow throughout the investment cycle of securities held in portfolios, prioritizing consistency of data between the portfolio and the depositary, enhancing risk management and optimizing investment decision-making for asset managers.

Established since 1784, BNY Mellon delivers informed investment management and investment services in 35 countries and serves clients around the world. According to company data, as of September 2020, BNY Mellon had $38.6 T in assets under custody and/or administration, and $2.0 T in assets under management.