Railpen, the trustee and investment manager of the British Rail Pension Scheme, has appointed BNY Mellon to provide a cloud-based data platform to simplify its data architecture and support resilience in its operating model.
The platform was announced to provide greater insights from Railpen’s proprietary data for the purpose of generating investment reports and analytics.
Railpen manages around £34bn (€39.7bn) of assets for the 350,000 members of the Rail Pension Scheme, one of the UK’s largest and oldest pension funds.
John Robson, Railpen’s chief technology officer, said: “As part of our strategy to optimize and scale our operating model, our collaboration with BNY Mellon will deliver the best possible outcomes for our 350,000 members. This is an important step in achieving our goal of providing
He said BNY Mellon’s data operations platform will help make Railpen’s investment and functional teams more resilient, “strengthening our ability to analyze and incorporate new data feeds and benefit from innovation now and in the future.” Get ready,” he added.
As part of the agreement, BNY Mellon will provide railroad pension plans with additional services, including Railpen’s public and private asset custody, investment accounting and front office support solutions, as an alternative to traditional solutions.
Julie Gerdeman, global head of data analytics at BNY Mellon, said: “Providing better insights helps Railpen deliver on its commitment to members across the investment lifecycle and improve risk management and governance practices. It will help strengthen the.”
