BNY has appointed Phillip (Bongkyun) Suh as Korea country manager and Seoul branch manager, subject to regulatory approval. He succeeds Hyon Joo Park, who will retire in March after more than six years at BNY. He joins from Samsung Asset Management, where he was CEO.
Category: BNY Mellon
Citi poaches IT chief from BNY
Matthew Yazdi has been appointed as head of investor services technology for Citi. He is based in New York. He joined from BNY Mellon.
Flanagan to leave BNY
Alan Flanagan has announced his departure from BNY. Flanagan, an Irishman based in New York, had an 18-year career with BNY, most recently as head of global client coverage for the asset servicing business. He will start a new job in mid-March, but has not yet disclosed details. The news follows the planned retirement of…
BNY appoints head of KSA
Alaa AlMashhadi has been appointed as BNY Saudi Arabia country manager and CEO of BNY’s legal entity in Saudi Arabia. He joins BNY from The Saudi Credit Bureau, where he served as chief business development officer, and board member of its analytics subsidiary, Qarar. This follows the establishment of BNY’s regional headquarters in Riyadh, KSA.…
Farlese joins Ultimus
Ultimus Fund Solutions has appointed Steve Farlese as COO of Ultimus Private Fund Solutions. He joins Ultimus with more than 30 years’ experience in alternative fund operations, investor services, and global service delivery. Prior to joining Ultimus, he spent over three decades at BNY, where he most recently served as MD supporting alternative investment solutions…
Stevenson joins BNY
Jamie Stevenson has returned to the inserv business after four years with Insight Investment. He has joined BNY in London as head of EMEA asset owners product and platform (BNY owns Insight.) He previously spent 10 years with BNP Paribas before moving to RBC Investor Services, latterly as head of digital client solutions.
Securitize partners with BNY
Securitize, a platform for tokenising real-world assets, has launched the Securitize Tokenized AAA CLO Fund, a tokenised fund dedicated to AAA-rated collateralised loan obligations. The fund has been developed in collaboration with BNY, which will act as custodian for the fund’s underlying assets. The fund will be sub-advised by BNY Investments.
BNY wins BaaS mandate from WisdomTree
WisdomTree has appointed BNY as its core banking-as-a-service (BaaS) infrastructure provider for WisdomTree Prime, its retail platform for tokenised assets and cryptocurrency. The collaboration between the two firms cements WisdomTree as BNY’s first retail digital assets BaaS client. WisdomTree Prime is claimed to be the first app to provide access to tokenised funds to U.S.…
Slavin moves to new ETF role at BNY
BNY has appointed Ben Slavin to the newly created role of industry head of ETFs, where he will work across the firm to shape priorities and drive alignment with the firm’s global enterprise ETF commercial strategy. BNY created this role to accelerate continued growth in the ETF sector. BNY currently services >USD3trn in ETF assets,…
BNY hires Zita
BNY has hired Tom Zita as senior director, alternatives client coverage. He reports to Dylan Curley, client coverage global head of alternatives for the asset servicing business. Zita was previously at Northern Trust.