LEXINGTON, S.C., April 22, 2021 /PRNewswire-PRWeb/ -- ADS today announced that BNY Mellon has joined as a member of the non-profit alliance, Adopting Data Standards Initiative (ADS). BNY Mellon joins a select group of founding member organizations taking a united leadership stance for needed data standards in the industry to improve efficiencies for private capital investors, advisors, and providers. ADS is a collaborative global membership organization developing independent electronic reporting standards.
"BNY Mellon is pleased to join ADS to help solve the industry's most pressing needs around data standardization and making the process more efficient for fund managers and key stakeholders," said Alan Flanagan, Global Head of Fund Services at BNY Mellon. "The role that data plays in the industry has become more important than ever, and we support the need that ADS is solving for market participants to be able to exchange data efficiently."
ADS president, Lorelei Graye commended BNY Mellon, "Great organizations not only speak of leadership, they also act on it. BNY Mellon is demonstrating this value by joining ADS and working together in a noble effort to the benefit of our industry. We are excited about the future of private equity."
ABOUT ADS: Lead by example. Visit http://www.adsinitiative.org or contact [email protected] for more information on joining some of the largest industry participants on the globe that are working together for private capital markets.
Lorelei Graye, ADS Initiative, +1 8034043013, [email protected]
SOURCE ADS Initiative