The Bank of New York Mellon has been re-appointed by CP2, a global provider of infrastructure investment management services, to provide fund administration services. CP2 manages approximately $ 2.1 billion in infrastructure and equities funds on behalf of sovereign, pension and long term funds globally.
Richard Rudenko, global head of operations at CP2, said: “We selected BNY Mellon to provide fund administration services due to their experience, scale and institutional quality. In the current economic environment it was important to select a provider with high credit ratings and a strong balance sheet to ensure the safekeeping of our investment assets. BNY Mellon demonstrated its strength in all areas, including global capabilities.”
David Aldrich, managing director and head of alternative investment services EMEA at BNY Mellon, said: “We are committed to supporting clients as they look to generate efficiencies from streamlining and consolidating their operational functions. BNY Mellon views servicing infrastructure investments as a key part of its current and future growth strategy. We are pleased to be able to partner with a high quality, established global infrastructure manager such as CP2.”
