BNY Mellon has announced a major reorganisation of its asset servicing senior management team. Hani Kablawi, previously CEO of asset servicing, will become head of international, which includes the bank’s regional management teams across EMEA, APAC and LATAM. In addition, he will remain chairman of EMEA, and will retain oversight of client coverage for asset…
Category: BNY Mellon
BNY Mellon partners with Milestone to offer new NAV services
BNY Mellon has launched a new suite of oversight and contingent net asset value (NAV) calculation solutions to complement its existing fund accounting capabilities. These new services are designed to drive greater transparency, efficiency and risk management for asset managers and asset owners. These expanded capabilities leverage the bank’s recent alliance with institutional investment solutions…
VFMC selects BNY Mellon’s Eagle for data management
Victorian Funds Management Corporation (VFMC) has selected BNY Mellon’s Eagle Data Management product to underpin its data and IT transformation strategy. The solutions, hosted on Eagle ACCESS, a secure private cloud, also include a managed services agreement to integrate, clean, enrich and validate multiple sources of investment data into one centralised location and help manage…
State Street confirms expansion of relationship with VanEck to include ETFs
State Street has confirmed that it has expanded its servicing arrangement with VanEck, the New York-based manager, to provide ETF services for nearly USD40bn of assets. As part of this arrangement State Street will provide a variety of back office services, including accounting and certain administration functions, for more than 60 VanEck funds. BNY Mellon…
BNY Mellon and SimCorp connect
BNY Mellon and SimCorp are connecting BNY Mellon’s custody services with SimCorp’s front-to-back investment management system, SimCorp Dimension. This follows BNY Mellon’s recent deals with Bloomberg and BlackRock Solutions.
BNY Mellon hires Jane Mancini as head of Americas asset servicing sales
Jane Mancini has joined BNY Mellon as head of sales for the asset servicing business across the Americas. Based in Boston, she reports to Emily Portney, head of asset servicing for the Americas. She was most recently head of global client solutions at State Street.
BNY Mellon adds four new fintech partnerships
BNY Mellon has announced four new fintech partnerships as part of its digital strategy: In collaboration with EZOPS, BNY Mellon has launched an artificial intelligence-based reconciliation and data control solution. BNY Mellon has already implemented the solution in its alternative investment services business and the firm is now expanding the capabilities across other lines of…
CIBC Mellon launches asset servicing solution for PTFs
CIBC Mellon has launched an asset servicing solution for platform-traded funds (PTFs) on NEO Connect, a new low-cost distribution channel accessible to all investors, asset managers and their dealers. PTFs are typically a class or series of an existing investment fund that investors can buy or sell on the NEO Connect platform, at an end-of-day…
BNY Mellon CEO Scharf moves to Wells Fargo
Charles Scharf has been appointed president and CEO of Wells Fargo. Scharf is leaving his job as chairman and CEO of BNY Mellon, which he joined in 2017. BNY Mellon has announced that Todd Gibbons, vice chairman and CEO of clearing, markets and client management, has been appointed as interim CEO and a member of…
GSAM appoints BNY Mellon for European ETF admin
Goldman Sachs Asset Management has appointed BNY Mellon to provide asset services for its newly launched European UCITS ETF fund range. In addition to BNY Mellon’s ETF solutions supporting order management, PCF production and AP servicing, it will also provide fund accounting, transfer agency, depository, custody, paying agent and common depository. GSAM launched its first…