BNY Mellon

Vanguard usurped BlackRock as the biggest institutional fund manager in 2022 during a year where most firms went backwards, according to the latest Pensions & Investments global survey.

Geoff Hodge, founder and chair of Milestone Group, one of the Australian fintech success stories of the past 20 years, is to finally cash out. BNY Mellon is to acquire the now-global business. The two companies announced the transaction last Friday (July 9 Australian time), saying that it would benefit the existing clients of both…

The three largest global custodian banks have enjoyed hefty increases in the total assets under custody and administration in the March quarter as markets continued to rebound. BNY Mellon is still the biggest. BNY Mellon remained the largest in the world, by a whisker, ahead of State Street, but third-placed J.P. Morgan Chase, America’s largest…

NAB Asset Servicing is expected to be confirmed as the asset servicing partner of the combined LGIAsuper and Energy Super following competitive pitches between the incumbents of both funds. Thomas Murray was adviser to the new $20 billion fund. The win is a major victory for NAB Asset Servicing (NAS). It is the biggest contested…

Insight Investment has put the case for active asset allocation for investors over the market cycle, but especially now when both traditional defensive and growth assets are at troubling levels. In a webinar last week (February 25), Bruce Murphy, the Australia and New Zealand country head for Insight, a BNY Mellon company, said that there…

The major asset servicing firms are widening their field of vision and have, for the most part, become front-to-back-office providers, as middle-office outsourcing becomes ubiquitous for big investors and managers. It is a development which has taken place concurrently with tightening revenue streams among asset managers, which are often under the same ownership umbrella as…