Mal Cullen has been appointed as CEO of CIBC Mellon. He will remain a member of the board of directors of CIBC Mellon Trust Company. Cullen will be returning to Canada to assume his new role. He replaces Steven Wolff, who will retire from CIBC Mellon effective December 30, 2022, after six years of leadership.…
Category: BNY Mellon
Northern Trust hires from BNY Mellon
Northern Trust has hired Barbara Doherty as a client executive in the asset servicing business, based in the U.S. She joins from BNY Mellon.
CRD hires BNY Mellon veteran
Jeremy Shaw has joined Charles River Development, a State Street company, as a relationship manager in the UK. He previously spent more than 13 years at BNY Mellon.
Clearstream hires new global head of collateral management
Gael Delaunay has joined Clearstream as global head of collateral management, based in Luxembourg. He was previously head of European collateral management at BNY Mellon.
CIBC Mellon wins First Nations mandate
CIBC Mellon has been selected to provide asset servicing to the First Nations Market Housing Fund (FNMHF), including institutional accounting, custody services, and investment information data access via the enterprise NEXEN platform. FNMHF was developed with input from First Nations communities and organisations across Canada to support financing arrangements for housing on reserve and settlement…
BNY Mellon launches digital asset custody platform
BNY Mellon has gone live with its digital asset custody platform in the U.S. This will enable select clients to hold and transfer bitcoin and ether. BNY Mellon has been working closely with market-leading fintechs and tapped digital asset technology specialists Fireblocks and Chainalysis to integrate their technology to meet the present and future security…
BNY Mellon appoints head of global client management
BNY Mellon has hired Ed Fandrey as head of global client management. Based in New York, he will report to Akash Shah, BNY Mellon’s chief growth officer. He was most recently president of national sales and marketing at LPL Financial, a retail investment advisory firm, and previously spent two decades at Microsoft, latterly as vice…
BNY Mellon and Pirum launch optimisation service
BNY Mellon and Pirum, a fintech specialising in trading markets, have launched a joint optimisation service to offer collateral providers margining, risk management and inventory management to drive improved risk/return outcomes. The solution, ECPOConnect, combines BNY Mellon’s collateral management service, ECPO, which optimises more than USD4trn in assets globally, with Pirum’s CollateralConnect platform, a SaaS…
CIBC Mellon supports new Van Berkom fund
Van Berkom and Associates has launched its new Global Small Cap Strategy, a pooled fund. Founded in 1991, Van Berkom is a small cap specialist investment firm held 100pct by its employees. Van Berkom manages Canadian, U.S, Greater China and global strategies. As of June 30, 2022, Van Berkom and its Hong Kong affiliate had…
Teschner to retire from BNY Mellon
Charles Teschner, co-CEO of BNY Mellon’s data & platform solutions business, is to retire at the end of October. Teschner, who joined in 2019 from BCG, was instrumental in advancing the bank’s data strategy and implementation. Mark McKeon, his co-CEO, will continue in that role. In a statement, BNY Mellon said: “BNY Mellon thanks Charles…