Big getting bigger

Global Fund Administration Management Report 2010

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Recently two of the industry’s biggest administrators, BNY Mellon and State Street, acquired sizeable alternative investment services business. State Street led the way in December 2009 with the acquisition of Mourant International Finance Administration from offshore law firm Mourant du Feu & Jeune. In early February 2010, BNY Mellon announced it was buying PNC’s global investment services business.

The deals are the first significant transactions in the industry since 2007, when BNY Mellon was