Arizona State Retirement System (ASRS) has returned to BNY Mellon as asset servicing provider for the USD49.1bn ASRS Trust Fund. BNY Mellon will provide custody, alternative asset servicing, overnight investment vehicles, securities lending, performance analytics and investment compliance monitoring for the fund, which serves employees of the state, counties, municipalities, universities, community colleges, school districts,…
Category: BNY Mellon
BNY Mellon veteran to head EDB
David Claus is to become the new CEO of European Depositary Bank, which has been owned by Apex since 2017. The Luxembourg-based bank provides depositary services for >USD300bn of client assets. Claus will join from BNY Mellon, where he spent more than 20 years, most recently as head of Luxembourg.
U.S. Bank hires CCO for Ireland
Tony O’Brien has joined U.S. Bank Global Fund Services as chief commercial officer for Ireland. O’Brien was previously at BNY Mellon, where he spent 25 years, most recently as a senior business development manager in Ireland.
CIBC Mellon partners with FRT
CIBC Mellon has formed a partnership with Financial Recovery Technologies (FRT), a provider of securities class action recovery services to the investment community. Through this collaboration, Canadian institutional investors will be able to subscribe for enhanced governance, recovery, and shareholder litigation solutions from FRT to help them navigate the complexities associated with class action claims…
Northern Trust hires senior insurance banker
Mauricio Sandoval has joined Northern Trust as a senior sales representative focused on the insurance sector. He previously spent 23 years at BNY Mellon, most recently as a senior relationship manager in the banks, broker dealers and insurance group. He is based in New York.
Two join BNY Mellon from BBH
Meaghan Lee has joined BNY Mellon as a vice president in the relationship management team, based in Boston. She was previously at BBH. Michael Prisco, also formerly of BBH, has joined BNY Mellon as a director.
BNY Mellon to administer new Grayscale European ETF
BNY Mellon in Ireland has been appointed as custodian and administrator for Grayscale’s first European ETF, launched through the HANetf platform, for which BNY Mellon provides custody and administration. The Grayscale Future of Finance UCITS ETF (GFOF) will list on the London Stock Exchange, Deutsche Börse and Borsa Italiana and will be available to investors…
BNY Mellon invests in Chainalysis
BNY Mellon has participated in a Series F financing round for Chainalysis, the blockchain data platform, which has raised USD170m, bringing its valuation to USD8.6bn. Chainalysis provides data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 70 countries. The data powers investigation, compliance, and market intelligence…
CIBC Mellon wins 10-year mandate from CAAT
CIBC Mellon has been awarded a 10-year mandate to provide asset servicing and digital solutions to Colleges of Applied Arts and Technology Pension Plan (CAAT) and its DBplus offering. CIBC Mellon and its partners, CIBC and BNY Mellon, will provide investment and pension servicing solutions to CAAT, including custody, accounting, securities lending, foreign exchange processing…
Citco hires two senior managers
Michael Gallo has joined Citco as an EVP on the hedge fund relationship management team, based in the U.S. He previously spent 13 years at BNY Mellon. Separately, Ainun Ayub has joined Citco as global product head for real assets, based in the UK. She was previously at BBH, where she was responsible for product…