Amundi US selects BNY Mellon for custody and fund services
Mandate follows agreement in January to integrate Amundi’s portfolio management system into BNY Mellon’s front-to-back technology infrastructure.
Mandate follows agreement in January to integrate Amundi’s portfolio management system into BNY Mellon’s front-to-back technology infrastructure.
The head of BNY Mellon's ETF servicing business has left after more than three years with the bank based in Ireland.
BNY Mellon said it plans to offer its new digital assets custody and administration services later this year.
The new fund will leverage BNY Mellon’s OMNI platform for integrated custody, accounting, administration and ETF services.
BNY Mellon predicts its new initiative will help traders predict approximately 40% of settlement failures in Fed-eligible securities.
The new branch in Madrid will provide support for existing and prospective clients seeking to access BNY Mellon’s global capabilities.
BNY Mellon, Northern Trust and State Street are to set to make a swathe of job cuts in 2021, reducing mostly middle-management and junior roles.
The acquisition is the latest effort by BNY Mellon to expand its capabilities in Denmark and the Nordic region.
Agreement will allow custodian’s asset servicing business to operate BlackRock Aladdin’s middle-office service on behalf of common strategic clients for a more integrated front-to-back model.
The milestone follows a period of increased investment by the US bank into its securities services business over the past few years.