State Street has hired Kate McCabe as sector sales lead for its asset owners team, based in the U.S. McCabe joins from BNY Mellon, where she spent a total of 25 years in two stints, most recently as U.S. head of asset owner business development. Last year State Street hired Bob Dollard from BNY Mellon…
Category: BNY Mellon
BNY Mellon launches new data & analytics solutions
BNY Mellon has launched three new data and analytics solutions offerings: Data Vault is a cloud-based data and analytics platform that supports the rapid onboarding of data to provide greater flexibility and accelerate client innovation and discovery. Combining this with a scalable, machine-learning approach to data quality, users can more quickly and easily interact with…
Saskatchewan’s PEBA appoints CIBC Mellon for custody & performance
CIBC Mellon has been chosen to provide global and domestic custody, institutional accounting and securities lending for the Public Employees Benefits Agency (PEBA). In addition, PEBA will use data and analytics solutions, including performance and compliance reporting, through BNY Mellon for two plans that PEBA administers: the Public Employees’ Pension Plan, a defined contribution pension…
CIBC Mellon to service CI WisdomTree ETFs in Canada
CIBC Mellon has been appointed to provide custody, fund accounting and ETF servicing for CI Financial’s 14 Toronto Stock Exchange-listed CI WisdomTree ETFs, which the company recently acquired. CIBC Mellon already services all of CI Financial’s ETFs. CI Financial is one of Canada’s largest investment companies and, with its acquisition of WisdomTree’s Canadian operations, the…
BNY Mellon hires Caroline Butler as global head of custody
BNY Mellon has hired Caroline Butler as global head of custody, reporting to Roman Regelman, head of asset servicing & digital. She will be based in New York. Butler spent nearly two decades at J.P. Morgan, where she was most recently head of global custody product for the Americas. She replaces Tom Casteleyn, who is…
BNY Mellon to build out FX presence in Singapore
BNY Mellon plans to build a high-performance FX pricing and trading engine in partnership with the Monetary Authority of Singapore. The bank will establish new low-latency electronic FX infrastructure in Singapore, helping to improve execution quality and price discovery for clients initially in spot, and subsequently in deliverable and non-deliverable forwards and swaps. This follows…
BNY Mellon appoints Daron Pearce to lead asset servicing strategic growth
BNY Mellon has appointed Daron Pearce as head of asset servicing strategic growth. In this newly created global role, he will focus on identifying and accelerating both inorganic and new market entry opportunities. He moved to the new role on 1 June, reporting to James Slater, global head of business solutions. Pearce was previously head…
BNY Mellon to service Legg Mason’s first semi-transparent ETF
Legg Mason and its affiliate, ClearBridge Investments, have launched Legg Mason’s first exchange-traded fund using the semi-transparent technology of Precidian Investments LLC, ActiveShares. BNY Mellon has been appointed to provide its new end-to-end digital solution to support the ETF.
BNY Mellon hires Ben Slavin to run global ETFs
BNY Mellon has hired industry maven Ben Slavin as global head of exchange-traded funds for its asset servicing business. Before joining BNY Mellon, Slavin founded Original Six LLC, an independent global consulting business focused on ETFs, digital assets, and innovative product structures. Prior to this, he was head of product and business development at WisdomTree…
Lester Owens moves to Wells Fargo from BNY Mellon
Lester Owens is to join Wells Fargo in the newly created role of head of operations. Owens, who joins Wells Fargo in late July 2020, will report to COO Scott Powell and will sit on the company’s operating committee. Owens joined BNY Mellon from J.P. Morgan at the end of 2018 as head of operations.