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UK Investment Manager Outsources Custody, Administration To BNY Mellon
Nick Parmée
31 October 2012
Thomas Miller Investment, a member of the 127-year old Thomas Miller group of companies, has signed a ten-year administration and custody outsourcing agreement with BNY Mellon. The US giant’s asset servicing group will be responsible for TMI's institutional business while Pershing, a BNY Mellon company, will service TMI’s private investment management business. The agreement covers both the onshore and offshore business requirements of TMI, which has offices in London, Edinburgh and the Isle of Man. TMI manages funds in excess of £2.7 billion (about $4.4 billion) for insurance mutuals, charities, pension schemes, governments and private clients.