BNY Mellon has entered into a definitive agreement to acquire Milestone Group, a U.S.-based provider of fund management technology, including the widely adopted pControl platform. The deal comes just over a year after the two companies formed an alliance to create a suite of oversight and contingent NAV services for asset managers and owners seeking…
Category: BNY Mellon
Mike Janiszewski joins BNY Mellon as COO of asset servicing & digital
As part of a senior management overhaul of its asset servicing and digital businesses, BNY Mellon has appointed Michael Janiszewski as chief operating officer, overseeing asset servicing strategy, digital and business operations. He will be based in New York and report directly to Roman Regelman, global head of asset serving and digital. He was most…
Suresh Krishnamurthy joins SS&C GlobeOp Private Markets to head client solutions
Suresh Krishnamurthy has joined SS&C to lead client solutions for SS&C GlobeOp Private Markets, SS&C’s private equity and real assets fund administration business. He will report to Bhagesh Malde, global head of SS&C GlobeOp Private Markets. He joins from BNY Mellon, where he headed product solutions for alternative investment servicing. Prior to BNY Mellon, he…
Peter Salvage joins Enfusion from BNY Mellon
Peter Salvage, a veteran of the alternatives fund administration industry, has joined Enfusion, a U.S.-based, private equity-backed fintech that provides front-to-back investment management software and SaaS solutions. Salvage joins as managing director, global head channel & alliance partners, a role that will see him work to strengthen Enfusion’s global channel partnerships with prime brokers, fund…
Björn Storim nominated to head BNY Mellon’s European Bank
Björn Storim has been nominated to succeed Leonique van Houwelingen as CEO of the Bank of New York Mellon SA/NV (the European Bank), subject to board and regulatory approval. Ms. van Houwelingen has been appointed as EMEA head of strategic growth and regional head of client coverage for the asset servicing business, and will be…
Brock U appoints CIBC Mellon
CIBC Mellon has been selected by Brock University to provide custody, institutional accounting and pension benefit payment services to the Brock University Pension Plan, as well as access to data and investment information. Brock University sponsors a hybrid pension plan, which contains both defined contribution and defined benefit components. Josh Tonnos, Brock University’s chief financial…
Andy Duffin joins J.P. Morgan to run EMEA network management
J.P. Morgan has hired Andy Duffin to run network management for EMEA. Duffin, who spent nearly 12 years at SGSS, was most recently business development director at BNY Mellon’s Pershing business in the UK.
BNY Mellon partners with Saphyre for client onboarding
BNY Mellon has become the latest custody bank to partner with a fintech to improve the client onboarding experience. It is working with Saphyre, which leverages patented AI technology to digitise all pre-trade activities across multilateral counterparties: asset owners, investment managers/hedge funds, broker/dealers, custodians, and prime brokers. The firms are working together to deploy AI…
State Street hires Jason Knight as global head of insurance
State Street has appointed Jason Knight as global head of the firm’s insurance segment. Knight joins from BNY Mellon, where he was most recently head of the insurance segment in the Americas for the asset servicing business.
BNY Mellon to provide European TA services for Invesco
BNY Mellon has been appointed by Invesco Fund Management Limited and Invesco Management S.A. to provide transfer agency services to USD100bn of their respective ICVC and SICAV fund ranges. BNY Mellon already provides custody and fund administration services for the two fund ranges, which are domiciled in the UK and Luxembourg respectively. In addition, BNY…