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.
Investment manager formerly deployed a two-service provider model with BBH, but will now convert 100% of its remaining book to BNY Mellon.
Incoming hire brings significant experience to the role, with a 20-year career business and strategy development and digital innovation.
Incoming hire spent over two decades at JP Morgan, most recently serving as head of international sales for securities services.
New offering will give clients opportunities to reduce costs as well as improved operational and strategic efficiencies.
New hire brings a wealth of experience to the role, with the likes of BNY Mellon, JP Morgan and BNP Paribas on his CV.