BNY Mellon and SimCorp are connecting BNY Mellon’s custody services with SimCorp’s front-to-back investment management system, SimCorp Dimension. This follows BNY Mellon’s recent deals with Bloomberg and BlackRock Solutions.
Category: BNY Mellon
BNY Mellon hires Jane Mancini as head of Americas asset servicing sales
Jane Mancini has joined BNY Mellon as head of sales for the asset servicing business across the Americas. Based in Boston, she reports to Emily Portney, head of asset servicing for the Americas. She was most recently head of global client solutions at State Street.
BNY Mellon adds four new fintech partnerships
BNY Mellon has announced four new fintech partnerships as part of its digital strategy: In collaboration with EZOPS, BNY Mellon has launched an artificial intelligence-based reconciliation and data control solution. BNY Mellon has already implemented the solution in its alternative investment services business and the firm is now expanding the capabilities across other lines of…
CIBC Mellon launches asset servicing solution for PTFs
CIBC Mellon has launched an asset servicing solution for platform-traded funds (PTFs) on NEO Connect, a new low-cost distribution channel accessible to all investors, asset managers and their dealers. PTFs are typically a class or series of an existing investment fund that investors can buy or sell on the NEO Connect platform, at an end-of-day…
BNY Mellon CEO Scharf moves to Wells Fargo
Charles Scharf has been appointed president and CEO of Wells Fargo. Scharf is leaving his job as chairman and CEO of BNY Mellon, which he joined in 2017. BNY Mellon has announced that Todd Gibbons, vice chairman and CEO of clearing, markets and client management, has been appointed as interim CEO and a member of…
GSAM appoints BNY Mellon for European ETF admin
Goldman Sachs Asset Management has appointed BNY Mellon to provide asset services for its newly launched European UCITS ETF fund range. In addition to BNY Mellon’s ETF solutions supporting order management, PCF production and AP servicing, it will also provide fund accounting, transfer agency, depository, custody, paying agent and common depository. GSAM launched its first…
IGM outsources fund services to CIBC Mellon
IGM Financial Inc. has selected CIBC Mellon to assume most of IGM’s fund services functions. This will add fund administration servicing solutions to the custody and related services that CIBC Mellon already performs for IGM. Once definitive agreements are complete, most IGM fund services employees in Toronto and Winnipeg (c.100 people) will transition to CIBC…
BNY Mellon expands ESG analytics to corporate bonds
BNY Mellon has expanded its ESG analytics offering by integrating fixed income scoring for corporate bonds. Clients can now view ESG and GC scores on equities and fixed income at the portfolio level versus relevant benchmarks over time. Clients also have the ability to view the ESG and GC scores at the company-level. Additionally, BNY…
BNY Mellon forms strategic alliance with Bloomberg
Following its alliance deal with BlackRock Solutions earlier this year, BNY Mellon has formed a strategic alliance with Bloomberg that further integrates BNY Mellon’s data, analytics, and servicing capabilities with AIM, Bloomberg’s portfolio management, trading and compliance platform. The new connectivity streamlines data delivery between the two firms and enables clients to access BNY Mellon’s…
BNY Mellon opens Jeonju, Korea office to support NPS
BNY Mellon has opened a representative office in Jeonju, Korea. This follows its 2018 appointment as global custodian for the fixed income assets of National Pension Service of Korea (NPS), which is based in Jeonju. NPS, which oversees South Korea’s public pension assets, is the world’s third largest pension fund. As of April 2019, it…