The tech giant is now targeting the European asset management industry and looking to build from a string of mandates it has secured in the UK over the past year.
Change at the top of BNY Mellon’ European operations as incumbent chief takes on regional asset servicing client coverage and strategic growth role.
The redesign of its ETF servicing platform will enable it to support future demand for active and semi-transparent ETFs from European asset managers.
Covering some of Europe’s emerging markets, Stewart Gladstone, head of segment and solutions, banks and financial institutions at Societe Generale Securities Services, is calling for some of the positive changes from the COVID-19 environment to become permanent features.
Custodians and fund administrators are bracing for an influx of asset managers to launch new private markets funds in Ireland.
Combined with FundSettle, Euroclear said the acquisition of the fast-growing platform will create a new funds market utility and a leading global provider of fund services.
Reappointment represents €3.5 billion in assets under custody and builds on BNP Paribas’ revenues increase from 2020.
The new branch in Madrid will provide support for existing and prospective clients seeking to access BNY Mellon’s global capabilities.
Last year, BNP Paribas Securities Services and the banks asset management unit announced they would take a 22.5% stake in Allfunds.
Arcesium has hired the former global head of HSBC and Nomura's prime finance sales divisions to lead its expansion in Europe.