Standard Custody & Trust Company, LLC, a U.S.-based custody and settlement platform for digital assets, has received charter status to operate under New York state banking law as a regulated qualified custodian. The charter permits Standard Custody to offer custodial and escrow services for digital assets. One of Standard’s board members is Tim Keaney, formerly…
Category: BNY Mellon
Ultimus hires Frank Anduiza to head private fund sales
Ultimus Fund Solutions, an independent provider of fund administration, accounting, and investor solutions, has hired Frank Anduiza as head of private fund sales for Ultimus LeverPoint, the firm’s private fund administration services business. Anduiza joins from BNY Mellon, where he was head of U.S. business development for the alternative investment management sector.
BNY Mellon strikes deal with class-action specialist FRT
BNY Mellon has established an alliance with Financial Recovery Technologies, the U.S.-based provider of securities class action recovery services to the investment community. The alliance will offer solutions to address the demand for better governance solutions associated with shareholder litigation monitoring and recovery, offering BNY Mellon’s clients access to FRT’s suite of class action solutions,…
CIBC Mellon wins three new crypto ETF mandates
CIBC Mellon has continued its impressive run of mandate wins in the burgeoning crypto- currency ETF space in Canada. It has been appointed to provide fund administration and ETF settlement services for three new ETFs: the CI Galaxy Ethereum ETF, Evolve’s Ether ETF, and Purpose Investment’s Purpose Ether ETF.
BNY Mellon adds FICC cleared repo to LiquidityDirect portal
BNY Mellon has made FICC sponsored cleared repo available through its LiquidityDirect short-end investment portal. Institutional clients can now seamlessly invest cash in cleared repo through LiquidityDirect. The addition of cleared repo to LiquidityDirect broadens the range of short-term investments on the platform to include a secured, centrally cleared alternative that provides counterparty diversity and…
Schwab appoints BNY Mellon for TA
BNY Mellon has been appointed by Charles Schwab Investment Management, Inc. to provide transfer agency services. Mark Fischer, CFO of Charles Schwab Investment Management, said: “We are eager to work with the BNY Mellon team and have been impressed by its service model, solutions, deep industry experience and the strategic vision they bring to investor…
Renee LaRoche-Morris joins State Street from BNY Mellon
Renee LaRoche-Morris is joining State Street as the chief of staff to the COO, Lou Maiuri. She joins from BNY Mellon, where she has held multiple leadership positions across custody, finance, and investment management groups. Most recently, she was COO for BNY Mellon’s investment management group, with oversight for operations, technology, initiatives, and regulations impacting…
BNY Mellon accepts Chinese bonds as triparty collateral
BNY Mellon has facilitated better investor utilisation of Chinese fixed income assets following the introduction of the bonds as eligible collateral on BNY Mellon’s triparty platform through Hong Kong’s Bond Connect. BNY Mellon’s new solution enables clients to deploy these assets as collateral. Once the assets are within the bank’s triparty platform, clients can use…
BNY Mellon tapped to provide admin services for new bitcoin ETF
BNY Mellon has been named in the initial registration statement as a service provider for the First Trust SkyBridge Bitcoin ETF Trust, a newly created bitcoin ETF that is currently pending approval by the US Securities and Exchange Commission. After completion of definitive service provider agreements and the SEC’s final approval of the ETF, BNY…
State Street hires BNY Mellon’s Ann Fogarty
State Street has hired BNY Mellon’s Ann Fogarty as deputy head of the global delivery unit. She has responsibility for State Street’s custody, middle office, transfer agency and client service operations. Fogarty reports to Liz Nolan, head of global delivery. She will also join State Street’s management committee. At BNY Mellon, Fogarty was most recently…