Asset servicing executive joins BNY following a 13-year career at JP Morgan, having previously held roles at Goldman Sachs and NatWest.
Bank is the first applicant to be approved for the scheme, and means the firm’s Orion platform can now operate as a digital securities depository.
Sponsored message from BNY
BNY swept five major accolades, a reflection of a business that has spent the past year strengthening its custody infrastructure, deploying AI at scale and reshaping how collateral moves through the market.
Service moves beyond trials following industry testing with more than 50 firms including BlackRock, Citi, Goldman Sachs, JP Morgan, Morgan Stanley and State Street.
Assets under custody/administration (AUC/A) rise to $62.6 trillion – up 5% from the previous quarter.
Appointments across London, Luxembourg and Dublin include hires from State Street, Brown Brothers Harriman and NatWest, alongside an internal move from Northern Trust’s depositary services business.
Investment targets improvements in SSI data quality, governance and automation across post-trade workflows.
Growth in assets under custody and administration (AUC/A), alongside new client mandates and expanded ETF servicing capabilities, helped drive a strong second quarter for Citi’s securities services business.
Higher market levels, client activity and deposit balances extend the custodian's year-on-year growth streak to 15 quarters.
The Global Custodian Directory is a single access point to leading Service Providers.
Experienced executive joins with over 25 years’ senior experience in the financial services space, including stints at Citi and Northern Trust.
This week’s fund services round-up features IQ-EQ, Apex Group, Alchelyst, SEI, Aztec, FundBank, Finbourne Technology and Bunch.
Marketnode supported the transaction as tokenisation agent and digital paying agent.
Bimal Kadikar, founder & CEO of Transcend, discusses the firm’s recent Series B investment with 7RIDGE, its expansion into collateral, liquidity and tokenised markets, and how it is building infrastructure to bridge traditional and digital financial ecosystems through optimisation, interoperability and AI-driven capabilities.
Executive joins the asset servicer after nearly two decades at JP Morgan, where he held senior alternatives and securities services roles.
Riyadh-based entity will support the bank’s regional management and operations across the Middle East.