BNY Mellon

Euan Munro steps down as Newton CEO

Co-CIO Mitesh Sheth is also leaving the BNY Investments division

2 min read

BNY says AI won’t slash hiring plans

The 240-year-old bank has been quick to embrace the technology, but not at the expense of new recruits, its international head tells FN

3 min read

Edinburgh-headquartered manager predicts a thinning of the herd

‘Huge swathes’ of lacklustre active funds face extinction, Walter Scott exec warns

'Far too much of the so-called active segment is really only active to the extent it charges a high fee,' Roy Leckie says

3 min read

Smits describes last year's meltdown in gilt markets as 'an incredibly stressful time'

BNY Mellon’s Hanneke Smits: Things need to get ‘way worse’ before another LDI crisis

Having doubled cash buffers, 'things need to get way worse than they did in September' for a repeat of the LDI crisis, Smits tells FN

6 min read

Hanneke Smits claims Brexit has made it more challenging to entice internationally-based professionals to London

BNY Mellon’s Hanneke Smits: ‘It’s much harder to attract global talent to the UK’

Smits warns London risks losing its 'diversity of skills, backgrounds and knowledge'

3 min read

'I really do believe that when you have a more diverse group of people sitting around the table, you have more robust discussions'

Hanneke Smits: ‘In 20 years’ time, I hope a female executive team isn’t newsworthy’

The BNY Mellon funds boss is setting her sights on boosting female CEOs and chairs as she takes over the 30% Club

5 min read

'We need to see more women in executive roles on boards and in management teams,' Smits tells FN

BNY Mellon funds boss Hanneke Smits named 30% Club chair

Smits succeeds Ann Cairns, and says she will keep up the pressure on both gender and racial diversity in the City

2 min read

Butler moves into newly created role as the bank hastens its push into digital assets

BNY Mellon names custody boss Caroline Butler as new crypto chief

'As institutional adoption of digital assets continues to evolve, we are committed to being a trusted provider of services,' bank says

Caroline Butler said BNY Mellon’s crypto custodial services will only be for its US clients and will be rolled out to a select few at first

BNY Mellon’s custody chief on how to serve crypto clients when ‘there isn’t a rulebook’

'That was the biggest demand they had: Getting us to come in and apply the trusted guardrails but also to take that risk and operational burden off of them'

Why BNY Mellon is piling into crypto

The move marks an important milestone for traditional banks and their growing acceptance of digital assets as a legitimate market and a source of new business

Nagel leaves the clearing house after overseeing a merger and new launches after Brexit

BNY Mellon Pershing poaches EuroCCP’s Cécile Nagel as new Emea head

Nagel, who is the CEO of EuroCCP, will head Pershing’s Emea operations

BNY Mellon hires Goldman veteran Dermot McDonogh for finance chief role

Dermot McDonogh will succeed Emily Portney who is transitioning to a new role at the New York-based custody bank

3 min read

BNY Mellon fined by SEC over ESG claims

Regulator is boosting its scrutiny of funds as market grows

2 min read

Hanneke Smits noted that the Brexit trade deal, struck between the UK and EU in December, did not include the UK’s finance sector

City needs equivalence deal with EU, says BNY Mellon Investment Management boss

Hanneke Smits says equivalence 'needs strong focus on the part of the UK government. It’s taken quite some time'

3 min read