Category: BNY Mellon

SNB Capital, the largest broker and asset manager by market share in Saudi Arabia, has chosen Broadridge to help build its local securities lending and borrowing business. SNB Capital will deploy Broadridge’s securities finance and collateral management (SFCM) service, a front-to-back SaaS solution. SNB Capital has a significant global custody and data management alliance with…

Roman Dubczak, deputy chair of CIBC Capital Markets, has been named chair of the board of directors for both CIBC Mellon Global Securities Services Company and CIBC Mellon Trust Company. He replaces Dan Smith, who steps down as chair of both boards. Dubczak is responsible for senior client relationships and strategy at CIBC Capital Markets.…

BNY Mellon has launched an outsourced trading service for buy-side institutions. The offering by BNY Mellon Capital Markets, LLC will be powered by xBK, the buy-side trading division that executes more than USD1trn in volumes on average annually for the company’s investment management franchise. BNY Mellon plans to offer clients a range of services, including:…

Apex-owned European Depositary Bank has appointed Robert Steele and Jean-François Thils to its executive management board. They join EDB CEO David Claus and managing director Holger Barth as members of the bank’s executive management board. David Rhydderch, previously a member of the board, is stepping down and becoming a member of the board of directors…

Securrency, the U.S.-based developer of institutional-grade, blockchain-based financial and regulatory technology, has appointed Nadine Chakar as CEO. Her appointment will allow Dan Doney, Securrency’s founder, who has served as the company’s CEO and lead architect since its inception, to focus on innovation, technology delivery, and commercialisation by continuing to serve as chief technology officer. Most…

The Employees Provident Fund Board of Malaysia (EPF) has appointed BNY Mellon to deliver an investment accounting service. In addition to custody solutions BNY Mellon currently provides for the EPF, this broader remit aims to deliver a solution for fund accounting and administration of the entire public assets of the EPF, with increased automation and…

CIBC Mellon is collaborating with InvestorCOM Inc., a fintech focusing on the compliance disclosure needs of the financial services industry. Through this partnership, CIBC Mellon’s clients can now tap into InvestorCOM’s Publisher solution to ensure print-ready status of financial statements, create management reports for fund performance, and provide quarterly performance disclosure documents.

BNY Mellon has appointed Emily Portney as CEO of Asset Servicing, its largest business unit, effective Feb. 1, 2023. She will report to Roman Regelman, CEO of Securities Services and Digital, and continue as a member of the ExCo. Portney will also lead the company’s client commercialisation efforts, responsible for driving improved commercial margin outcomes…