BNY Mellon has appointed Vivian Tung as global head of ETF services. Based in the U.S., she will be responsible for managing all operational and client services aspects of the ETF business, including innovation, design, technical implementations, client onboarding, and client servicing. Tung joins from BBH, where she spent nearly 17 years, most recently in…
Category: BNY Mellon
BNY Mellon to deploy Chainalysis
Chainalysis, the UK-based blockchain data platform, has announced that BNY Mellon will be the first GSIFI to use Chainalysis’s compliance software as part of its risk management program. This integration will form a component of BNY Mellon’s strategy to develop cryptocurrency services for its clients. BNY Mellon plans to integrate the full Chainalysis compliance software…
BNY Mellon promotes asset owner executive
BNY Mellon has appointed Xavier van den Brande as asset owner segment lead for Europe, based in London. This is an internal promotion.
BNY Mellon sells HedgeMark
Innocap Investment Management has entered into a definitive agreement to acquire BNY Mellon’s HedgeMark business. BNY Mellon will own a minority equity stake in Innocap’s combined platform, which focuses on helping institutional allocators access their investments through managed account services. BNY Mellon has wholly owned HedgeMark since 2014.
BNY Mellon appoints head of Americas asset owners
BNY Mellon has appointed Anders Reinertsen as head of asset owners for the Americas, an internal move.
BNY Mellon selects ALTO* for control & compliance
BNY Mellon has chosen Amundi Technology and its ALTO* platform to deliver trustee controls and compliance monitoring for depositary and fund administration functions. The solution will be deployed across BNY Mellon global operations. ALTO* Investment Compliance is a component of the ALTO* Asset Servicing, part of Amundi’s ALTO* (Amundi Leading Technology and Operations) portfolio management…
Leith Wheeler expands CIBC Mellon relationship
CIBC Mellon has been selected to provide custody services to Leith Wheeler Investment Counsel Ltd. for several investment funds. This mandate builds on a 25-year asset servicing relationship between CIBC Mellon and Leith Wheeler. Leith Wheeler manages >CAD23bn (USD18bn) for clients across Canada.
Fireblocks hits USD8bn valuation
Fireblocks, the U.S.-based crypto services provider in which BNY Mellon has a stake, has raised USD550m in Series E funding. This brings its valuation to USD8bn, making Fireblocks the highest-valued digital asset infrastructure provider in the world. This follows the recent USD350m fundraising round by Anchorage Digital, the U.S.-based crypto custody platform, valuing the business…
Clearwater hires head of global delivery
Clearwater Analytics, a U.S.-based provider of SaaS-based investment accounting, reporting, and analytics solutions, has hired Diane McLoughlin as head of global delivery. In this capacity, she will set the strategic direction of the company’s global delivery function and lead the team responsible for the onboarding of clients to the Clearwater solution in North America and…
NPS expands relationship with BNY Mellon
National Pension Service of Korea (NPS), thought to be the world’s third largest pension fund, has expanded its agreement with BNY Mellon to include middle office, accounting and risk solutions, delivered through BNY Mellon’s OMNI platform. NPS appointed BNY Mellon in 2018 as its global custodian for its fixed income portfolios, which were recently onboarded.…