BNY Mellon recruits mobile innovation expert from State Street
The hire is the latest move for BNY Mellon as it looks to identify and launch new opportunities to expand its digital and data capabilities.
The hire is the latest move for BNY Mellon as it looks to identify and launch new opportunities to expand its digital and data capabilities.
One of the founders of State Street's digital transformation programme has left after nearly three years at the bank.
Topics discussed at the forum included achieving buy-side operational efficiencies, new front-to-back service models, blockchain, ESG and tokenisation.
Custodians, asset managers, hedge funds, tech vendors and crypto experts will take to the stage for the second annual Global Custodian Forum to be held in London on 23 May.
New role for Mark Westwell, known for leading the industry response to the FCA’s ‘Dear CEO’ letter on outsourcing for asset managers.
Despite unfavourable conditions for the global custody industry as a whole in the first few months of the year, Ron O’Hanley, State Street’s new CEO, sees untapped opportunities.
Northern Trust stated it too was affected by unfavourable markets but managed to partially offset this with new business.
The Boston-based global custodian stated the drop was down to challenging industry conditions including fee concessions and lower client activity.
Earlier this year, BNY Mellon's Scharf proposed a move to an ‘open solution model’ where it will work with external providers and platforms.
State Street has made a number of high-profile changes to State Street’s global leadership teams since Ron O'Hanley began his tenure as CEO in January.