Securities lending dampens BNY Mellon’s asset servicing revenues in Q2
The decline means another disappointing quarter for the world’s largest global custodian as asset servicing revenues fell 8% year-on-year.
The decline means another disappointing quarter for the world’s largest global custodian as asset servicing revenues fell 8% year-on-year.
NPS extended its back-office mandate for their global equities portfolio with State Street to also include the middle-office.
The Danish pension fund giant put out an RFP to custodians in late 2018 with its current contract due to expire later this year.
BNY Mellon has recruited some of the top tech and innovation experts over recent months as it looks to explore and launch new digital and data opportunities.
The hire follows the appointment of Kimberly Evans in January to lead Northern Trust's newly created private capital administration practice.
BNY said the transaction represents a major new route to market for its securities lending clients without the need to set up direct clearing membership.
New president of Broadridge International to be responsible for growing post-trade technology, global proxy, and its asset management data and technology businesses.
State Street, BNY Mellon and MUFG among those backing the tokenisation project aimed at transforming clearing and settlement.
A former 20-year veteran of BNY Mellon has joined SS&C Technologies to drive business development for asset managers.