BNY Mellon has made some significant hires across its asset servicing business. Mark McKeon joins as global head of front-to-back solutions, based in Dublin. He is charged with expanding asset servicing’s front-to-back solutions platform globally, connecting the front, middle and back office to deliver a seamless platform for clients. His remit will include OMS partnerships,…
Category: BNY Mellon
Citi hires BNY Mellon’s Jay Lipman as client executive
Jay Lipman has joined Citi as a client executive for custody & fund services. He joins from BNY Mellon, where he was the global lead for many of the firm’s most complex client relationships. Based in New York, he reports to Irimga McKay, global head of client services for custody & fund services.
BNY Mellon wins EUR40bn fund admin mandate for Deka Immobilien
BNY Mellon has been appointed by Deka Immobilien, a subsidiary of Germany’s DekaBank, to provide global fund administration coordination and oversight for its special purpose vehicles. Much of Deka’s EUR40bn in real estate assets is invested globally through SPVs. BNY Mellon’s role will be to coordinate accounting data from the SPVs around the world in…
BNY Mellon appoints Emily Portney as CFO
BNY Mellon has appointed Emily Portney as chief financial officer, effective immediately, succeeding Mike Santomassimo, who has informed the company of his decision to leave. Portney will report to Todd Gibbons, CEO, and will join the executive committee. Portney joined BNY Mellon in 2018 to run asset servicing for the Americas, and subsequently added responsibility…
BNY Mellon, HSBC appointed as custodians for Chimera’s Shariah ETF
Chimera Capital LLC, an Abu-Dhabi-based asset management firm and subsidiary of Chimera Investments LLC, has launched the Chimera S&P UAE Shariah ETF, a physical, in-kind, liquid and fully fungible ETF. Under the UAE’s Securities and Commodities Authority’s (SCA) fund regime, Chimera Umbrella Fund – the first SCA umbrella fund to be launched in the UAE…
Michael O’Loughlin joins State Street from BNY Mellon
Michael O’Loughlin has joined State Street’s insurance and asset management sales team in the U.S. He previously spent 14 years at BNY Mellon.
AGF adds to CIBC Mellon’s mandate
AGF, the Canadian asset manager with c. CAD36bn AuM, has expanded its relationship with CIBC Mellon, which has been appointed to provide fund accounting, custody, fund administration and recordkeeping for Highstreet Asset Management, AGF’s private client subsidiary. The mandate also includes performance, valuation and reconciliation accounting services for AGF’s institutional business, and the transition of…
BNY Mellon’s Kate McCabe joins State Street as AO sector sales lead
State Street has hired Kate McCabe as sector sales lead for its asset owners team, based in the U.S. McCabe joins from BNY Mellon, where she spent a total of 25 years in two stints, most recently as U.S. head of asset owner business development. Last year State Street hired Bob Dollard from BNY Mellon…
BNY Mellon launches new data & analytics solutions
BNY Mellon has launched three new data and analytics solutions offerings: Data Vault is a cloud-based data and analytics platform that supports the rapid onboarding of data to provide greater flexibility and accelerate client innovation and discovery. Combining this with a scalable, machine-learning approach to data quality, users can more quickly and easily interact with…
Saskatchewan’s PEBA appoints CIBC Mellon for custody & performance
CIBC Mellon has been chosen to provide global and domestic custody, institutional accounting and securities lending for the Public Employees Benefits Agency (PEBA). In addition, PEBA will use data and analytics solutions, including performance and compliance reporting, through BNY Mellon for two plans that PEBA administers: the Public Employees’ Pension Plan, a defined contribution pension…