Tag: BNY Mellon

The remarks by the two custody giant CEOs follow the announcement of several initiatives by the two banks in the digital assets space this year.  

The move will enable its institutional investor clients to invest in a wider variety of short-end investment products that they would not previously had access too. 

Through the mandate, Charles Schwab Investment Management will also be able to tap into BNY Mellon’s flagship data infrastructure OMNI.  

The move comes as international investors look to significantly increase their access to China’s $13.9 trillion bond market.

Upon final regulatory approval of the ETF, BNY Mellon will provide ETF basket operations, order taking, fund accounting, fund administration and transfer agency services. 

A new study from BNY Mellon of 200 asset managers found an overwhelming 97% plan to outsource their data management infrastructure. 

The hire is the latest move by BNY Mellon as it looks to advance its global custody product to cater for evolving operating models and new products.

BNY Mellon's former global head of operations will now be responsible for State Street's custody, middle-office, transfer agency and client service operations.  

The investment comes a month after BNY Mellon announced the setup of a new unit dedicated to building the industry’s first multi-asset digital custody platform.  

The former State Street executive will also serve as BNY Mellon's head of international sales to oversee its international business development activities