First Trust consolidates custodial relationship with BNY Mellon
Investment manager formerly deployed a two-service provider model with BBH, but will now convert 100% of its remaining book to BNY Mellon.
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.
The custodian’s AUC/A fell 2% from last quarter, citing lower market values and the “unfavourable impact of a stronger US dollar”.
New appointment worked for over 20 years at Microsoft across a number of roles, most recently as vice president, financial services, US.
Outgoing data lead was responsible for launching and scaling up a new business unit combining B2B cloud software products and services.
The ratings will be visible through an interactive dashboard, with clients able to apply ESG scores based on third-party data.
Experienced hire has held senior roles at RBC, Standard Chartered, JP Morgan, HSBC and TSSAG.