BNY Mellon tapped by Railpen for data platform and custody services
The cloud-based platform will be designed to simplify the UK pension scheme’s data architecture and improve resiliency.
The cloud-based platform will be designed to simplify the UK pension scheme’s data architecture and improve resiliency.
The seasoned executive, with a background spanning JP Morgan, Apex Group, Citco, and Ernst & Young, will oversee the alternatives offering within the bank's fund services business.
The news marks another high-profile departure from BNY Mellon’s digital asset team, following Maxime de Guillebon in the past month.
US-based issuers will be able to issue bonds via the CMU platform to access both markets through the Southbound Bond Connect channel.
The new hire with C-level experience will be responsible for overlooking the custodian’s software and data management business, having nearly $47 trillion of data assets on the platform.
The Emirati investment firm will benefit from global custody, administration and transfer agency services to manage its multi-asset class portfolio.
Incoming hire brings with him nearly two decades of experience from Clearstream, where he held a variety of senior executive positions.
Launching this week, the platform will provide clients with a real-time view of cash balances and positions.
The new offering aims to enhance functionalities to boost the scalability for ETF users within the asset management industry.
Using Microsoft Azure cloud and BNY Mellon’s financial data and analytics capabilities, the collaboration aims to bolster BNY Mellon’s data management solution for buy-side and sell-side clients.