BNY Mellon held previously held the rank as the largest global custodian by assets for three straight years.
The appointment is the latest win for Gen II, as it looks to build upon its record assets under administration of $200 billion
BNY Mellon’s CEO Scharf hoped to reassure investors that it still has a solid pipeline of mandate wins to come.
Custodian announces deal to acquire investment management front office service provider Charles River Development in a landmark $2.6 billion deal.
FX prime brokerage expert joins State Street in a newly created role from Standard Chartered in London.
Investment services revenues of increased 8% to $3.1 billion year-on-year but remained flat over the previous quarter.
The regulatory approvals come ahead of Apex Fund Services planned acquisition of Ipes, expected to close at the end of the third quarter.
CERN Pension Fund CEO cites technology and value as reasons for review which will it move $4.25 billion of assets to Northern Trust for custody.
The investment from Euroclear was in response to client demands wanting access untapped liquidity pools in the bond market.
DTCC is the latest post-trade market infrastructure planning to move its European operations from London to Ireland.
The creation of the new unit comes one month after Northern Trust closed its acquisition of the Omnium technology platform from Citadel.
Fund administration veteran Eiji Ihori took on the interim CEO role at MUFG Investor Services on 1 July, replacing Mark Porter who stepped into an advisory role.
The UK asset manager will consolidate its asset servicing relationships for its UK and Ireland fund ranges and use BNY Mellon as its sole outsourcing provider.
One of Euroclear's most senior leaders has left after 27 years to explore new entrepreneurial challenges.