BNY Mellon has selected Liontrust Asset Management as the first end-to-end client on its new Investment Operations platform.

The platform’s purpose is to improve automation and integration capabilities, as well as offer enhanced data management and control capabilities to institutional asset managers.

Investment Operations will cover the same capabilities as Middle Office Solutions, including services to support the needs of the institutional asset management client base.

The Investment Operations platform also provides modular data capabilities for greater operational transparency and integration to outsource services and operations.

Clients can use services such as trade support, derivatives lifecycle, collateral management, bank loans, investment book of record (IBOR) and investment performance across all asset classes.

Asset managers will further be able to make better investment decisions while managing risk, improving efficiencies and reducing costs.

BNY Mellon global head of investment operations Peter Keaveney said: “It has been great working with Liontrust to on-board the company as the first end-to-end user of our new platform. This is an exciting milestone as we move forward in bringing all of our Investment Operations clients onto our highly efficient, scalable operating model and technology platform.

“Our solution simplifies complexity and is designed to reduce operational risk – from system integration and trade support to new product launches and distribution across geographies – so clients can focus on their core competency of managing investments.”

Liontrust chief operating officer and chief financial officer Vinay Abrol said: “Our continued success and growth will be aided by efficient, dependable and flexible operations. We have been impressed with BNY Mellon’s Investment Operations capabilities and leading technology, along with the professionalism with which their team transitioned us onto their new platform. We look forward to continuing to work with the BNY Mellon team in the future.”

BNY Mellon reported net income applicable to common shareholders of $1.39bn for Q4 2019.

This is a 67% surge from the previous year’s income of $832m.

The firm’s total revenue for the three-month period ended 31 December 2019 was $4.78bn, a 19% rise from $4.01bn in the corresponding quarter of 2018. The rise was said to be primarily due to the gain from the sale of an equity investment.