NEW YORK, April 30, 2019 /PRNewswire/ -- BNY Mellon
today announced that it has been chosen by Horizon Healthcare
Services, Inc. (Horizon), New
Jersey's largest and oldest health insurer, to be its sole
provider of global custody services, accounting and reporting,
benefit disbursements, performance measurement, and analytics. BNY
Mellon's New York and Pittsburgh offices will jointly support
Horizon.
Horizon is a tax-paying, not-for-profit health services
corporation, providing a wide array of medical, dental, vision and
prescription insurance products and services. Horizon serves more
than 3.8 million members with headquarters in Newark and offices in Wall, Mt.
Laurel, and West Trenton. It is an independent
licensee of the Blue Cross Blue Shield Association.
Horizon selected BNY Mellon given its strong focus on client
support, ability to handle complex asset classes across a variety
of asset pools, and its commitment to technology resources.
Frank Melaccio, Horizon's Vice
President & Treasurer, said, "Besides being a proven leader in
global asset servicing, BNY Mellon was selected due to its focus on
client service and its continued investment in asset servicing
technology."
"We are thrilled to have been selected by Horizon," said
Emily Portney, BNY Mellon's Head of
Asset Servicing for the Americas. "Their selection validates our
continued commitment to innovative technology, investment in our
client relationships, and our global custody offering."
About Horizon Healthcare Services, Inc.
Horizon
Healthcare Services, Inc., New
Jersey's oldest and largest health insurer, is a tax-paying,
not-for-profit health services corporation, providing a wide array
of medical, dental, vision and prescription insurance products and
services. The company is leading the transformation of health care
in New Jersey by working with
doctors and hospitals to deliver innovative, patient-centered
programs that are improving quality, cost, and the member
experience. Horizon serves more than 3.8 million members with
headquarters in Newark and offices
in Wall, Mt. Laurel, and West
Trenton. Learn more at www.HorizonBlue.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 March 31, 2019, 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:
Marc
Yaklofsky
BNY
Mellon
+1 212 635
1518
marc.yaklofsky@bnymellon.com
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SOURCE BNY Mellon