BNY Mellon's CEO and chairman, Todd Gibbons, revealed the mandate win after the bank posted a jump of 21% in AUC/A.
Tag: custody mandate
However assets under custody for the French bank fell by 1.3% to €9.3 trillion as a global sell-off in equity markets hit Europe.
BNY Mellon’s CEO Scharf hoped to reassure investors that it still has a solid pipeline of mandate wins to come.
RBC I&TS has been on a steady path to digitally transform its business model with a plan to transform the front- and back-end technology offering.
State Street recently announced new asset servicing mandates of $1.3 trillion in its first quarter earnings.
The mandate will also include accounting and reporting, compliance monitoring, benefit disbursements, and cash sweep services.