December 16, 2009 (FinancialWire) — BNY Mellon Asset Servicing, a firm engaged in securities servicing, has established a dedicated global Outsourcing group. BNY Mellon is the corporate brand of The Bank of New York Mellon Corp. (NYSE: BK).

With the move, Lou Maiuri, CEO and chairman of Eagle Investment Systems, takes on the additional role of Global Head of Outsourcing, reporting to Jim Palermo and Tim Keaney, co-CEOs of BNY Mellon Asset Servicing.

A key element of BNY Mellon’s new proposition is the ability to combine back office functions such as administration and recordkeeping with middle office servicing capabilities, spanning multiple books of business, on a single platform. The company said this will offer enhanced efficiencies and cost savings to the client.

Maiuri will have direct responsibility for all aspects of the outsourcing business including product design and architecture, client solutions and implementation, and product profitability. He will work alongside BNY Mellon’s regional business, operations and technology groups to design and implement successful outsourcing solutions.

In addition to his new role, Maiuri will remain chairman of Eagle. John Lehner, currently Eagle’s president, will take over the role of Eagle CEO as of January 1, 2010.

BNY Mellon Asset Servicing TODAY services 54 outsourcing clients. BNY Mellon Asset Servicing offers clients a range of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services.

BNY Mellon is a financial services company operating in 34 countries and serving more than 100 markets.

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