BNY loses key digital asset specialist to DTCC
Digital asset expert to take on role as head of wealth management services at DTCC after four and a half years with BNY.
Digital asset expert to take on role as head of wealth management services at DTCC after four and a half years with BNY.
Björn Storim steps down after almost four years at the helm of BNY’s Belgian-based European bank operation.
A busy month of personnel moves for the custodian now sees the appointment of a new COO for the asset servicing business.
The hire in October 2024 had seen State Street add the digital asset expert from custody rival BNY.
Former Citco, Citi and BNY executive will head up newly merged global fund services and corporate trust teams.
Replacement follows planned retirement of incumbent global head of sales for asset servicing, revealed by Global Custodian last week.
Industry veteran had been with Northern Trust since 2008 after 20 years with BNY.
Servicing fee revenue up 6% year-on-year for State Street along with new back-office wins and an Alpha mandate.
The first episode of the new series is now available, featuring an interview with Chainlink co-founder, Sergey Nazarov, discussing how traditional and decentralised finance are converging to redefine global capital markets.
First quarter revenue ends a remarkable run of 17 consecutive quarters of year-on-year growth for the custodian.