Paul Camp, CEO of treasury services, has been appointed to the executive committee, just six months after joining the world’s largest custodian.
Tag: BNY Mellon
The AIS division has fast emerged as a key strategy area for the bank’s fund administration business as it looks to target alternative investment managers.
The results are in line with the bank’s US competitors, as the mass sell-off in equity markets hit custody assets.
Long-serving BNY Mellon executive with three decades of asset management experience joins State Street for second spell.
Assets under custody fall for State Street as do servicing revenues.
With a new wave of initial margin rules on the horizon, BNY Mellon says clients are already more prepared.
BNY Mellon's Scharf explained to investors the pipeline for new clients of Pershing is bigger than it has seen over the past five years.
BNY Mellon attributed the fall in revenue to “lower client assets and activity and the unfavourable impact of a stronger US dollar.”
BNY Mellon, State Street reportedly set to open new Korean office to align with $570 billion pension fund
Both banks signed a global custody mandate with Korea's NPS last year, which the pension fund hopes the banks can help it tap deeper into new asset classes.
The eighth action against a bank or broker, and fourth action against a depositary bank, resulting from the SEC’s ongoing investigation into abusive ADR pre-release practices.