BNY Mellon sees custody assets jump by over a fifth, while asset servicing revenues fall
The jump in AuC/A values reflected higher market values, net new business and the favourable impact of a weaker US dollar.
Tag: asset servicing
State Street and First Abu Dhabi Bank partner on joint MENA securities offering
New service model designed for institutional investors in the Middle East and North Africa will combine local expertise with global securities services capabilities.
BNY Mellon makes leadership changes across asset servicing divisions
New COO for asset servicing and digital among a swathe of changes at BNY Mellon across multiple business lines.
Épopée Gestion’s selects CACEIS as asset servicing partner
The mandate will cover custodian banking, registrar, middle-office and fund administration services for Épopée Gestion.
BNY Mellon names new CEO for European Bank; switches current chief to strategic growth role
Change at the top of BNY Mellon’ European operations as incumbent chief takes on regional asset servicing client coverage and strategic growth role.
Northern Trust recruits 25-year consultancy veteran for asset servicing product strategy role
The appointment is the latest boost to Northern Trust’s technology transformation plans after it allocated an extra $52 million to its technology budget during 2020.
Citi hires former BNY Mellon tech chief to lead transformation effort
The newly created operations and technology transformation office is part of the bank’s multi-year transformation strategy.
Custody
Asset servicers to explore new areas for innovation to safeguard future business models
Significant cost pressures have been a driving force behind innovation, and custodians are planning to devote a greater proportion of revenues to innovation investment.
People Moves
BNY Mellon’s head of asset servicing strategy growth departs after two decades
Pearce has held some of the top asset servicing roles at BNY Mellon, most recently operating as head of asset servicing strategic growth.
Northern Trust appoints new head of institutional investor group for EMEA
Appointment expands role of strategic asset servicing support to institutional investors across region for industry veteran.