BNY Mellon appointed as global custodian for Lunate Capital’s $105bn assets
The Emirati investment firm will benefit from global custody, administration and transfer agency services to manage its multi-asset class portfolio.
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.
Irish funds market bounces back from decline in the previous year to grow by 8.6% according to new data which shows a shake-up in the custodian league table in the country.
The appointment follows the addition of Ralf Roth as managing director within BNY Mellon’s digital assets team in September last year.
Ongoing digitalisation and automation efforts throughout the bank’s service offering are designed to drive down operating costs.
Partnership with Proxymity will provide clients with access to golden source data and real-time communications.
Mark McKeon, global head of middle-office solutions at BNY Mellon, details the reasons behind the growing demand for middle-office outsourcing, and the important role of data within a servicer’s offering.