In an incomprehensible act of mindless corporate vandalism, BNY has announced that it will change the ticker symbol for the common stock of The Bank of New York Mellon Corporation from BK to BNY. In its press release, BNY said that the “BNY ticker symbol aligns the company’s market identity more closely with its brand,…
Category: Bank Providers
BNPP appoints head of FI&C for AsPac
BNP Paribas has appointed Gary O’Brien as head of financial intermediaries & corporates (FI&C) client line for its securities services business in Asia Pacific. Based in Australia, he reports regionally to Franck Dubois, head of Asia Pacific for securities services, and functionally to Bruno Campenon, global head of the FI&C client line. He was most…
Northern Trust to support Calamos ETF
Following the recent launch of the first autocallable ETF in Europe by Calamos Investments, Northern Trust will support the new fund through its servicing relationship with the Waystone ETF ICAV, for which it provides fund administration, depositary and custody services.
BNY collaborates for digital asset custody in ADGM
BNY, with Finstreet Limited and ADI Foundation, are collaborating to offer regulated, scalable, institutional-grade digital asset custody in the Abu Dhabi Global Market. Finstreet, a digital market infrastructure group and a subsidiary of IHC through Sirius International Holding, and ADI Foundation, an Abu Dhabi-based blockchain infrastructure organisation, will jointly support this initiative. The collaboration is…
BlackRock appoints head of ETF servicing
Shane Monks has joined BlackRock as global head of ETF servicing, based in Boston. He was previously at BNY.
BNY replaces Reinertsen
BNY has appointed Matt Mackay as head of asset owners, Americas. He joins from J.P. Morgan, where he spent 19 years, most recently as MD, securities services sales, asset managers. He replaces Anders Reinertsen, who joined Clearwater Analytics earlier this year.
BBH to support SEC Names Rule
BBH has launched a solution to help asset managers ensure they are compliant with the SEC Names Rule (Rule 35d-1). The rule requires registered investment funds to ensure their names accurately reflect their investments and risks. If a fund’s name suggests a focus on a particular asset type, industry, or strategy, at least 80pct of…
BNPP promotes within FI&C client line
The securities services business of BNP Paribas has appointed Camille Papillard as deputy head of its financial intermediaries & corporates (FI&C) client line, and Laurent Libiszewski as regional head of FI&C EMEA. Both report to Bruno Campenon, head of the FI&C client line. Libiszewski expands his responsibilities to regional head of FI&C EMEA, succeeding Papillard,…
UI hires from CACEIS
Universal Investment has appointed Nils Mordt as head of international sales and relationship management, based in London. He joins from CACEIS, where he was head of regional coverage for the UK, U.S., Middle East, and Asia. Prior to that, he spent more than six years at RBC Investor Services, most recently as head of UK…
HSBC adds PA capabilities in KSA
HSBC in Saudi Arabia has expanded its existing fund administration capabilities to include private assets. HSBC is thought to be one of the few providers in KSA to offer fund administration for clients investing in both traditional and private assets.