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Horizon Healthcare Services selects BNY Mellon for custody and accounting services

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Horizon Healthcare Services, a New Jersey-based health insurer, has selected BNY Mellon as 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, says: “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,” says 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.” 

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