BNY Mellon Asset Servicing has exceeded USD100 billion in exchange-traded fund (ETF) assets under custody.
BNY Mellon is the largest U.S. custodian for ETFs in terms of funds serviced, providing services to more than 350 separate funds. Over the last 10 years, BNY Mellon’s ETF services business has grown from a single portfolio with less than USD1 billion in assets.
“This important milestone reflects the recent market upturn and the unwavering emphasis that BNY Mellon has put on delivering superior asset servicing capabilities for this rapidly growing segment of the global funds industry,” said Joseph Keenan, managing director and head of financial institution relationship management for BNY Mellon Asset Servicing.
ETF services include custody, accounting and administration, and transfer agency.