BNY Mellon and Pirum, a fintech specialising in trading markets, have launched a joint optimisation service to offer collateral providers margining, risk management and inventory management to drive improved risk/return outcomes. The solution, ECPOConnect, combines BNY Mellon’s collateral management service, ECPO, which optimises more than USD4trn in assets globally, with Pirum’s CollateralConnect platform, a SaaS…
Category: Bank Providers
CIBC Mellon supports new Van Berkom fund
Van Berkom and Associates has launched its new Global Small Cap Strategy, a pooled fund. Founded in 1991, Van Berkom is a small cap specialist investment firm held 100pct by its employees. Van Berkom manages Canadian, U.S, Greater China and global strategies. As of June 30, 2022, Van Berkom and its Hong Kong affiliate had…
Teschner to retire from BNY Mellon
Charles Teschner, co-CEO of BNY Mellon’s data & platform solutions business, is to retire at the end of October. Teschner, who joined in 2019 from BCG, was instrumental in advancing the bank’s data strategy and implementation. Mark McKeon, his co-CEO, will continue in that role. In a statement, BNY Mellon said: “BNY Mellon thanks Charles…
Gorman steps down from U.S. Bank
Linda Gorman has stepped down from her role as CEO of U.S. Bank Global Fund Services – Europe. She joined U.S. Bank following its acquisition of Quintillion in 2013. Gorman will be replaced by Ken Somerville, currently COO.
Paradise for J.P. Morgan
Johnny Paradise has joined J.P. Morgan as a VP, securities services sales, asset manager sector, Europe. He is based in Dublin. He previously spent five years at HSBC in the securities services business.
Clearstream hires from Citi
Marcus Austin has joined Clearstream as head of sales & relationship management for UK, Ireland & the Americas. Austin joins from Citi, where he spent 21 years. He will be based in the UK.
BNY Mellon adds ESG ratings to sec lending program
BNY Mellon has launched enhancements to its securities finance platform to help clients analyse their agency securities lending program alongside their sustainability goals. Delivered through an interactive dashboard, clients can apply ESG scores based on third-party data across their lendable portfolio, collateral and cash investments to help them evaluate alignment with their individual ESG goals.…
Northern Trust hires BBH executive
Elaine Ni Ghallchóir has joined Northern Trust as a relationship manager in the EMEA consultant relations group. She joins from BBH, where she spent 16 years, most recently as head of European industry engagement.
BNY Mellon appoints Australia country executive
BNY Mellon has appointed Geoff Hodge as Australia country executive. He will continue to oversee global strategy as the head of Milestone Group, the Sydney-headquartered fund management fintech that he co-founded in 1998, which was acquired by BNY Mellon in 2021. He will take a seat on the BNY Mellon Asia Pacific Leadership Council. Alexis…
Darren Hodges steps up at U.S. Bank
Darren Hodges has been named COO of U.S. Bank Wealth Management and Investment Services. He joined U.S. Bank in 2020 to lead trust technology and support services custody services.