Mandate represents over $60 billion is assets as UK pension funds leverage a united scheme to make cost savings on their global custody agreement.
Former senior executive vice president at BNY Mellon has been promoted to the role after serving at the bank since July 2018.
BNY Mellon has combined new technologies, partnerships and a philosophy that data has become the world’s most important asset class, according to Steve Taylor, head of BNY Mellon Data Vault, who explains the custodian’s approach.
New addition brings over 17 years’ experience in the finance industry and will be responsible for accelerating growth and increasing client engagement in the market.
Sales teams across prime finance and the futures, clearing and FX prime brokerage will be merged alongside the new appointment.
The hire takes the total number of former Deutsche Bank securities lending staff to join the Japanese asset servicer to around 20.
The new acquisition follows IQ-EQ’s launch of a dedicated funds business in Ireland earlier this year.
The move comes as custodians review their legacy technology platforms in order to cater for the many nuances and complexities inherent in private markets.
Formation of SIX SIS USA confirms Group’s international growth strategy following Spanish expansion through acquisition last year.
The project, named Convergence, includes the migration of CLSSettlement onto its Unified Services Platform (USP).
New solution includes new fixed-income ETF capabilities and a no-touch process which provides increased operational efficiency and balance sheet relief.
Mandate extends BNY Mellon’s relationship with the Dutch-based investment firm as it continues to grow its European business.
CACEIS will use Broadridge’s enhance Global Proxy Voting platform for its German domestic and cross-bprder custody operations.
The appointment follows a spree of global custody mandates won by HSBC in the UK.
Survey provides insight into how the industry responded to UTI pairing, reporting collateral and other challenges presented by SFTR implementation.
As Apex Group beats out M&A rival to secure deal for the coveted Mainstream Group and earns new private equity backing, its founder and CEO says the acquisition sends a statement to the market.