CIBC Mellon has appointed Alastair Angus as chief information officer. In this role, he will lead the company’s technology, data, and AI strategies. Prior to joining CIBC Mellon, he held leadership positions at Canada Pension Plan Investments, where he directed the firm’s technology delivery in support of its growth toward CAD1trn AuM.
Category: BNY Mellon
Ultimus hires senior management duo
Ultimus Fund Solutions has hired John Lehner as president, Ultimus Public Fund Solutions, and Jay Martin as president, Ultimus Private Fund Solutions, Jim Cass will transition to vice chairman of Ultimus, having previously served as president, Ultimus Private Fund Solutions. All three roles report to CEO Gary Tenkman. Martin was most recently president, investment services,…
BNY wins OpenEden mandates
OpenEden, a platform for the tokenisation of real-world assets, has appointed certain affiliates of BNY as investment manager and primary custodian for the underlying assets of its flagship Tokenized U.S. Treasury Bills ($TBILL) Fund. Launched in 2023, OpenEden’s $TBILL provides investors with direct exposure to a pool of short-dated U.S. Treasury Bills and overnight reverse…
Turner joins BNY
Ed Turner has joined BNY as global product head for registered funds, ETFs, and insurance accounting, based in the UK. He was previously at HSBC.
BNY expands with Franklin Templeton
BNY has been appointed by Franklin Templeton to provide asset servicing and FX capabilities for its U.S.-listed ETF products. Franklin Templeton is expanding its long-standing relationship with BNY, which has supported the launch of three of Franklin Templeton’s digital asset ETFs, and will now be able to deliver the full scope of BNY’s ETF platform,…
Ripple appoints BNY for RLUSD custody
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.
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.