Matthew Bax has left Citi after nearly nine years, most recently as head of sales & client for its securities services business. Although no formal announcement has been made, it is understood that Bax is moving to BNY where he will replace Alan Flanagan, who recently moved to U.S. Bank.
Category: BNY Mellon
Curtin to retire from Citi
Patrick (Pat) Curtin has announced his intention to retire from Citi, after 16 years of service. Curtin, one of the genuine legends of the industry, joined Citi after a brief period at Swift and 12 years at BNY Mellon. Based in New York, he is currently North American head of securities services. I wish all…
Flanagan joins U.S. Bank
Alan Flanagan has joined U.S. Bank as head of global investment services, the division comprised of global fund services and global corporate trust. Flanagan will be a member of the senior leadership team for U.S. Bank’s wealth, corporate, commercial and institutional banking business line and will be based in New York. Flanagan spent nearly two…
AGI appoints BNY for optimisation
BNY has been selected to support an operating model optimisation at Allianz Global Investors. BNY will provide an integrated investment operating model, with a focus on middle and back-office solutions, as well as custody, depositary, transfer agency and fund administration across Germany, Luxembourg and the UK.
DTCC hires from BNY
Adam Watson has joined DTCC as managing director and head of asset services. He will lead the strategic direction, performance, and modernisation of DTCC’s global asset services business, overseeing operational delivery, product innovation, regulatory engagement, and client experience. He will report to Brian Steele, MD & president, clearing & securities services at DTCC. He joins…
U.S. Bank hires from BNY
Sophia Long has joined U.S. Bank as senior product manager in Europe for its global fund services business, based in Dublin. She was previously at BNY.
Jupiter consolidates with BNY
BNY has signed a multi-year agreement with Jupiter Fund Management, a UK-based active asset manager, to provide operational services. Jupiter has consolidated back-office services for its offshore jurisdictions with BNY as well as outsourcing its middle office operations. BNY will now provide custody, fund administration, transfer agency and depositary services, as well as middle office,…
BNY loses senior AO manager
BNY has lost a senior manager from its already underpowered asset owners team. Anders Reinertsen, who was head of the asset owners sector for the Americas, has joined Clearwater Analytics as market principal for asset owners, based in New York.
Legrand promoted at IQ-EQ
IQ-EQ has promoted John Legrand to CEO of EMEA, based in the UK. Legrand, who was previously deputy group CEO, has been at IQ-EQ for over six years, previously spent more than 10 years at BNY.
BNY moves to tokenise deposits
BNY has taken the first step in its strategy to tokenise deposits by enabling the on chain mirrored representation of client deposit balances on its digital assets platform. Early participants include financial institutions and digital natives. Beginning with collateral and margin workflow use cases, this launch extends BNY’s cash capabilities by creating on-chain digital book…