BNY Mellon expands Pershing equities trading for all EMEA custody clients
Pershing trading services will now be available to the wider BNY Mellon custody client base, and to new clients as a stand-alone service.
Pershing trading services will now be available to the wider BNY Mellon custody client base, and to new clients as a stand-alone service.
BlackRock's flagship investment operations platform - Aladdin - is quickly becoming the core infrastructure for custodian’s front-to-back servicing models.
Korea has become a key part of BNY Mellon’s APAC strategy after it won a global custody mandate from the National Pension Service of Korea in late-2018.
BNY Mellon has recently partnered with a wide range of FinTech firms to transform its services using new technologies.
Mixed fortunes for European custodians with a combination of double-digit revenue growth and some large declines during the first quarter.
Proxymity is now backed by a consortium of global custodians, custody banks and issuer agents including BNY Mellon, Clearstream, Deutsche Bank, HSBC, JP Morgan, and State Street.
After poaching BNY Mellon's former CEO in September last year, Wells Fargo has hired the global custodian's head of operations for a similar role.
According to the two global custodians, both had reported a rise of at least 50% in back-office transactions in March verses the first two months of the year.
New CEO reports 10% rise in fee revenues year-on-year as global custodians begin to report first quarter results.
US asset manager Legg Mason plans to be one of the first adopters of the new ETF model, with BNY Mellon as their ETF service provider.