HQLAᵡ, the Luxembourg-based fintech provider, has secured EUR14.4m Series B funding from BNY Mellon, Goldman Sachs, BNP Paribas Securities Services, Citigroup and its existing shareholder, Deutsche Börse. The funding will be used to accelerate the core premise of the HQLAᵡ platform – helping the industry address European collateral fragmentation by extending its connectivity to leading…
Category: BNY Mellon
BNY Mellon hires two seniors for asset servicing
BNY Mellon had added two senior executives to its global asset servicing business. Neal Chansky has joined as global head of consultant relations. He will report directly to Christine Gill, head of commercial development for asset servicing. He joins from Olmstead Associates, an investment management consulting firm. Prior to this, Chansky spent over thirty years…
Ann Fogarty leaves BNY Mellon to join State Street
Ann Fogarty, who has been at BNY Mellon and its legacy brands for 15 years, is leaving to join State Street. BNY Mellon appointed Fogarty as interim global head of operations following Lester Owens’ departure earlier this year. She had previously been global head of accounting services. At State Street, it is understood she will…
J.P. Morgan deploys DLT for first intraday repo trade
J.P. Morgan has completed a live, blockchain-based intraday repo transaction. The transaction was conducted between J.P. Morgan’s broker/dealer and banking entity, using an in-house developed blockchain application which supported instantaneous settlement and maturity of the transaction in hours, as opposed to days. Using blockchain enables borrowers and lenders to execute shorter-term, intraday repo transactions with…
BNY Mellon opens branch in Denmark
BNY Mellon’s European bank, The Bank of New York Mellon SA/NV, has opened a new branch in Copenhagen, Denmark. Søren Eberhard, who established the Copenhagen representative office in 2008, will become branch manager.
BNY Mellon launches margin messaging through AcadiaSoft
BNY Mellon has launched MarginConnect, a margin messaging capability that gives greater control to buyside managers over the collateralisation of non-cleared derivatives. The service provides a direct connection to AcadiaSoft, BNY Mellon’s collateral management solutions partner. With this link, clients are able to generate collateral instructions within the AcadiaSoft ecosystem without having to separately create…
BNY Mellon hires Fangfang Chen as head of Asia Pacific
BNY Mellon has appointed Fangfang Chen as head of Asia Pacific and Asia Pacific head of asset servicing and digital. She will be based in Hong Kong and will report to Hani Kablawi, head of international, and James Slater, head of asset servicing client coverage and front office solutions. She succeeds David Cruikshank, who is…
Shirleen Ng joins Burgiss as APAC regional sales director
Shirleen Ng has joined Burgiss, the specialist provider of software to the private capital sector, as APAC regional sales director. She joins from BNY Mellon, where she was most recently APAC regional sales director for data and analytics solutions.
BNY Mellon & NCB Capital strike white label deal in Saudi Arabia
NCB Capital, the asset management and investment banking arm of Saudi Arabia’s National Commercial Bank, has struck an alliance with BNY Mellon to deliver global custody and associated asset servicing activities to institutional and large asset owners based in the country. The alliance will provide clients of NCB Capital, Saudi’s largest custodian and asset manager,…
BNY Mellon hires Laura Steinbach as head of Americas IM sales
BNY Mellon has hired Laura Steinbach from State Street as head of investment managers sales in the Americas for its asset servicing business, based in New York. She reports to Jane Mancini, global co-head of asset servicing sales. At State Street, she was responsible for business development with global investment managers.