BNY Mellon eases US issuer access to Hong Kong and China with new tax service
US-based issuers will be able to issue bonds via the CMU platform to access both markets through the Southbound Bond Connect channel.
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.
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.