NEW YORK, Nov. 27, 2018 /PRNewswire/ -- BNY Mellon has been chosen by SQM Frontier Management (SQM) to be its sole provider of prime custody and FX services. Built around a dedicated client service model with a unique understanding of the demands of the alternative investment industry, BNY Mellon's innovative technology emerged as the best choice to provide real-time access to information, customizable reporting and historical account data to support SQM's specific needs.

SQM, an SEC registered investment adviser focused on emerging markets, specifically frontier Africa and the Middle East, selected BNY Mellon following a competitive tendering process. The Arlington, VA firm manages over $850m on behalf of clients including university endowments, charitable foundations and pension funds.

Donald Savage, Partner and Chief Operating Officer at SQM Frontier Management, said:

"BNY Mellon demonstrated a strong commitment to – and expertise in – emerging markets custody and FX services, combined with dedicated, high-touch, service model."

Scott Kern, Global Head of Prime Custody Services at BNY Mellon, said:

"We are delighted to have been selected by SQM, which has been a leading alternative manager in both frontier and emerging markets for over 15 years. Our selection is a recognition of our ongoing commitment to our clients, our prime custody offering and a continued focus on technology innovation." 

SQM Frontier Management
Founded in 2010, SQM Frontier Management LP (SQM) is a SEC Registered Investment Adviser focused on Frontier Africa and the Middle East. Collectively, SQM's team has more than 65 years of investment experience in the region. SQM's clients are primarily institutions including university endowments, charitable foundations and pension funds. SQM's role is to rationally and methodically invest their capital into listed companies in two of the most interesting, fast growing and traditionally misunderstood regions of the world. Additional information is available at www.sqmfrontier.com

BNY Mellon
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. As of September 30, 2018, BNY Mellon had $34.5 trillion in assets under custody and/or administration, and $1.8 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Contact:      
Paul Patella 
BNY Mellon  
+1 212 635 1378  
paul.patella@bnymellon.com        

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SOURCE BNY Mellon