BNY Mellon edges closer to $50 trillion in AUC/A following Q1 increase
Custodian also posts sixth consecutive quarter of positive revenue growth, reaching $2.1 billion during the quarter.
Custodian also posts sixth consecutive quarter of positive revenue growth, reaching $2.1 billion during the quarter.
Asset servicer posted an impressive 18% year-on-year revenue increase in securities services and an uptick in assets under custody and administration during Q1.
The launch grants Bloomberg Terminal users to access global securities lending data through the Bloomberg App Portal.
This extends an ongoing partnership with Broadridge to handle Japanese stock transactions in Hong Kong and Singapore.
Saham Group has acquired Societe Generale’s Moroccan banking unit, creating uncertainty about its custody offering in the country.
Phil Slavin’s departure means both co-founders of the business from 2012, which is now owned by Euroclear, have left the firm.
Double-digit rise in securities services revenue complemented by a 11% rise in AUC/A for the bank.
Both BNY Mellon and Accenture will use its technologies to expedite the introduction of new services within private markets and wealth management technology sectors, while facilitating expansion into new markets.
Three new Alpha clients also went live during the three-month period, taking the total to 21 live mandates to-date.
Custodian extends run of consecutive quarters of year-on-year growth to six in a row with latest figures.