BNY Mellon has appointed Roman Regelman, CEO of asset servicing, to lead the issuer services business. This follows the appointment of Frank La Salla as the president and CEO of The Depository Trust & Clearing Corporation (DTCC). Regelman, a member of the ExCo, will continue to lead digital for BNY Mellon. Regelman joined BNY Mellon…
Category: BNY Mellon
Aon and BNY Mellon collaborate on ESG
Aon and BNY Mellon have signed a multi-faceted data and digital collaboration focusing on supporting the ESG needs of clients globally, leveraging both firms’ collective ESG data and analytics capabilities and data sets. In addition, Aon and BNY Mellon will work to further enhance solutions in the areas of digital assets and data and analytics.…
BNY Mellon adds ETF servicing capabilities
BNY Mellon has launched its ETF Intelligent Basket Builder and ETF Asset Flow Analytics Dashboard, its latest services to support the growth and digitisation of the ETF operating model. BNY Mellon now services >USD1.25trn in ETF assets, The ETF Intelligent Basket Builder, part of BNY Mellon’s ETF Center and available on its NEXEN portal, provides…
BNY Mellon invests in Coin Metrics
Coin Metrics, a provider of crypto financial intelligence, has raised USD35m in Series C financing, led by Acrew Capital and BNY Mellon. Goldman Sachs, Fidelity Investments, Highland Capital Partners, Avon Ventures and Morningside Technology Ventures are continuing their investments in the company after participating in previous fundraising rounds. They are joined by new investors Cboe…
Circle adds BNY Mellon as reserves custodian
Circle Internet Financial, LLC has appointed BNY Mellon as a primary custodian for USD Coin (USDC) reserves. Circle is an internet finance firm that provides internet-based payments and financial infrastructure and is the sole issuer of USDC. USDC is one of the fastest growing dollar digital currencies in the world, with over USD52bn in circulation…
CIBC Mellon wins Forstrong mandate
Forstrong Global, the Canada-based asset manager, has appointed CIBC Mellon to provide asset servicing and digital solutions, including custody, accounting, recordkeeping, securities lending, financial statement preparation, investment data access and tax reporting. Established in 2001, Forstrong runs actively managed ETFs to capitalise on macroeconomic, geopolitical and other world trends for some of Canada’s largest financial…
BNY Mellon RE specialist joins Sudrania
George Acosta has joined Sudrania Fund Services as SVP, real estate fund administration, based in New York. He was previously at BNY Mellon.
CBI fines BNY Mellon EUR10.78m
The Central Bank of Ireland has reprimanded and fined BNY Mellon Fund Services (Ireland) DAC EUR10.78m (USD11.8m) for 16 regulatory breaches relating to the outsourcing of fund administration. In a statement, CBI said: “The 16 breaches arose because of BNY DAC’s failure: to have in place an adequate outsourcing governance framework; to comply with its…
Vince to replace Gibbons as BK CEO
Todd Gibbons will retire as CEO of BNY Mellon on August 31, 2022. The board of directors has appointed Robin Vince to be his successor. Vince will initially serve as president and CEO-elect, effective immediately. Vince currently serves as vice chair of BNY Mellon and CEO of global market infrastructure, which includes Pershing, treasury services,…
Eruch Mody joins BNY Mellon
Eruch Mody has joined BNY Mellon‘s asset servicing business in a senior relationship management role. Mody spent nearly 12 years at BBH, most recently as a senior relationship manager in the investor services business. At BNY Mellon, he will be part of the global investment managers team run by Irene Speridakos.