Tag: asset servicing

The new strategy aims to enable instant and frictionless end-to-end transactions between the world’s financial institutions.  

The creation of the role signals BNY Mellon’s intent to build a new business line dedicated to providing near-real-time data and analytics solutions to investment managers.

The French bank secured two valuable deals in the second quarter from AXA Belgium and French fund manager Eurazeo.

Portney most recently led the client management, sales and service teams for BNY Mellon asset servicing globally, and also oversaw the Americas region of the business.  

The Boston-based global custodian reported increases in servicing fee revenue and assets under custody, driven by higher client activity and net new business.

BNY Mellon is aiming to accelerate its digital plans for all of its asset servicing business, which it sees could help it win new clients.

The bank stated the year-on-year increase for the asset servicing business reflected higher foreign exchange and other trading revenues.

Asset managers may consider in-sourcing some client-facing functions as a result of their disappointment in their service provider's digital capabilities. 

The mandate will cover C4 Ventures’ new fund, C4 Ventures II, which is expected to reach €80 million in assets under management by the end of the year.

CEOs of asset servicing firms explained that the pandemic has sparked new attitudes towards business processes and technology.