IGM Financial Inc. has selected CIBC Mellon to assume most of IGM’s fund services functions. This will add fund administration servicing solutions to the custody and related services that CIBC Mellon already performs for IGM. Once definitive agreements are complete, most IGM fund services employees in Toronto and Winnipeg (c.100 people) will transition to CIBC…
Category: BNY Mellon
BNY Mellon expands ESG analytics to corporate bonds
BNY Mellon has expanded its ESG analytics offering by integrating fixed income scoring for corporate bonds. Clients can now view ESG and GC scores on equities and fixed income at the portfolio level versus relevant benchmarks over time. Clients also have the ability to view the ESG and GC scores at the company-level. Additionally, BNY…
BNY Mellon forms strategic alliance with Bloomberg
Following its alliance deal with BlackRock Solutions earlier this year, BNY Mellon has formed a strategic alliance with Bloomberg that further integrates BNY Mellon’s data, analytics, and servicing capabilities with AIM, Bloomberg’s portfolio management, trading and compliance platform. The new connectivity streamlines data delivery between the two firms and enables clients to access BNY Mellon’s…
BNY Mellon opens Jeonju, Korea office to support NPS
BNY Mellon has opened a representative office in Jeonju, Korea. This follows its 2018 appointment as global custodian for the fixed income assets of National Pension Service of Korea (NPS), which is based in Jeonju. NPS, which oversees South Korea’s public pension assets, is the world’s third largest pension fund. As of April 2019, it…
BNY Mellon strengthens EMEA private markets team
BNY Mellon has strengthened its EMEA private markets team with the appointments of Greg Kok and Robert Burchett-Coates. Kok joins as director, private equity, real estate, debt and infrastructure, and will be based in Luxembourg. He was previously at Maitland, where he was head of management company services. Based in London, Burchett-Coates joins as director,…
BNY Mellon launches 24×5 ETF dealing for Irish funds
BNY Mellon has introduced extended dealing hours for Irish-domiciled UCITS ETFs to support the distribution of these products globally. Known as 24×5 ETF Dealing, hours are extended to ETF issuers through BNY Mellon’s transfer agency hubs in Singapore and Syracuse, New York. This means issuers can now deal Irish UCITS ETFs from Monday morning in…