Pittsburgh-based Mellon Financial announced on Friday that its Payments Solution and Investor Services unit would administer the middle and back office for the managed accounts business of Clover Capital Management.

Mellon will provide Clover Capital, an independent investment adviser, with outsourcing account and operation services, such as opening accounts, transaction support, account reconcilement, performance measurement support, account maintenance, investor reporting and billing support. Financial details of the deal were not disclosed.

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