Revenue from asset servicing, its largest business, was down 7% in comparison to the first quarter of last year at $1.4 billion
Tag: BNY Mellon
New research from industry analytics provider Coalition showed revenues from global securities services providers collectively reached $37.2 billion in 2018.
The appointments follow the recent addition of an artificial intelligence (AI) and robotics expert from State Street last month.
A UBS survey showed 87% of participants from banks with assets of $250 billion and above believe technology spending will increase annually over the next three years.
Custodians are moving to becoming one-stop-shop platforms, enabling investment managers to access a wider range of data and analytics tools.
BNY Mellon plans to deliver real-time trade data, asset prices and cash positions to the 40-50 clients it shares with BlackRock’s Aladdin.
BNY Mellon is developing a new trust and depositary model for common processes and practices across Europe.
BNY Mellon has already made some progress in implementing robotics and machine learning to its asset servicing business.
Senthil Kumar joins BNY Mellon as its new chief risk officer, as the bank looks to strengthen its risk management and compliance capabilities.
The win takes BNY Mellon’s global real estate fund platform to $130 billion of assets under administration, representing close to 80 funds.