The bank's trustee and depositary business has been appointed as the depositary for London-based Beechbrook Capital’s UK SME Credit IV LP.
New category 4 license enables BNY to offer additional services, including custody, fund administration, and credit and investment deals.
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Custodian seeks to increase efficiency and transparency through range of advancements.
GC Legend had spent more than 30 years with Citi securities services in a range of custody and fund services roles and now joins up with ex-colleague Sanjiv Sawhney, CEO of Waystone.
Despite a year of consultation on tweaking the mechanism or significantly increasing penalty rates, European watchdog confirms only a ‘moderate’ increase will occur after considering industry feedback.
Developed in partnership with CloudMargin the enhanced solution aims to offer advanced service capabilities, improved transparency through real-time insights, and platform resilience.
The enhancements to the integrated solution were implemented in collaboration with BlackRock’s Aladdin platform and BNY, while the integration also includes an enhanced middle-office operating model with the custody giant.
Executive, who previously worked within the custody unit, has transitioned to a new role within U.S. Bank.
The Global Custodian Directory is a single access point to leading Service Providers.
The office will be one of three US locations for the custodian, along with Chicago and Tempe, Arizona.
AccessFintech's head of client experience, Pardeep Cassells, discusses the UK’s unique challenges in transitioning to T+1 settlement, emphasising the need for automation and regional coordination to mitigate operational risks.
Experienced Euroclear executive will succeed James Pike, who has been serving as interim CEO.
As CSD, Euroclear will work closely with the government to explore design choices, following similar initiatives in other jurisdictions.
Sam Riley, chief executive of Clearstream securities services, discusses the potential impact of a digital euro, the consolidation of central securities depositories (CSDs), and how evolving investor expectations are reshaping the securities services sector.
The engagement with Fiji's sole compulsory superannuation fund marks an expansion of Northern Trust's footprint in the Asia Pacific region.
This extension of CollateralConnect aims to help mutual clients optimise their collateral usage.