Ripple, a provider of digital asset infrastructure for financial institutions, has appointed BNY as primary custodian of Ripple USD (RLUSD) reserves. BNY will serve as the primary reserve custodian of RLUSD,. In addition, BNY will provide transaction banking services to underpin RLUSD’s operations and deliver integrated solutions.
Category: BNY Mellon
BlackRock legend retires
Legend is a word that is much misused and overused, but there should be no doubt that it genuinely applies to Phil Evans who, after 15 years at BlakcRock is to retire. Evans was most recently head of global provider strategy at BlackRock.
BNY wins (back) WisdomTree ETF mandate
BNY has confirmed that WisdomTree, Inc. to provide custody, depositary, accounting, fund administration and ETF services for its Europe-listed products. WisdomTree Europe has AuM totaling USD40.1bn. BNY is expanding its relationship with WisdomTree as custodian, administrator, securities lending agent and ETF servicing provider across its U.S.-listed products, to now include capabilities which support its Irish-domiciled…
BNY to support new stablecoin from SG-FORGE
Société Générale-FORGE (SG-FORGE), an integrated subsidiary of the group dedicated to crypto assets, is to launch a new stablecoin, the USD CoinVertible, on both the Ethereum and Solana public blockchains (ticker: USDCV). BNY will act as reserve custodian.
Liontrust outsources trading
Liontrust, the UK-based active asset manager with GBP21.6bn AuM (USD29bn), has expanded its relationship with BNY with the outsourcing of its trading for investment funds and institutional accounts to BNY’s buy-side trading solutions group. Liontrust’s UK-based traders have joined BNY.
Shah to quit BNY
Akash Shah, chief growth officer and head of growth ventures at BNY, has announced that he is stepping down to pursue new opportunities. He spent seven years at BNY under three different CEOs.
Centralis hires new CCO
Centralis Group has appointed Maarten Heukshorst as chief commercial officer, based in London. He was previously at a fintech.
NTRS hires for OCIO role
Northern Trust has appointed Kate McCabe to lead the OCIO strategy for its asset servicing business unit. In this newly established role, McCabe will be responsible for developing strategic relationships with outsourced chief investment officer firms and the associated investment consultant community. She will report to Melanie Pickett, head of asset servicing, Americas. McCabe was…
BNY granted RHQ licence in KSA
BNY has been granted a regional headquarters (RHQ) licence by the Ministry of Investments in Saudi Arabia. The RHQ in Riyadh will provide strategic, administrative and corporate services for BNY in the Middle East. BNY’s existing asset servicing solutions delivered for clients in Saudi Arabia include global custody services, global risk solutions, custody FX, and…
DTCC hires from BNY
DTCC has appointed Talia Klein as head of wealth management services, reporting to Brian Steele, president, clearing & securities services at DTCC. Klein will oversee the firm’s wealth management services organisation, with responsibility for mutual fund offerings, Insurance and retirement services, and alternative investment products. Prior to DTCC, she was BNY’s head of tokenisation where…