BNY Mellon hires Michael Cooper from Deutsche Bank to head new institutional FX prime brokerage business LeapRate

January 23, 2018 BY Valentina Kirilova

BNY Mellon hires Michael Cooper from Deutsche Bank to head new institutional FX prime brokerage business

BNY Mellon has announced plans to address the increasingly complex and capital-constrained FX market by launching a prime brokerage service for its institutional clients. The service will launch in early 2018 and allow participants to more efficiently trade, finance and margin their FX through BNY Mellon, a highly-rated counterparty that oversees more than $33.3 trillion…

November 02, 2016 BY Valentina Kirilova

Fiserv names Jim Grech Chief Information Officer

Fiserv, Inc. (NASDAQ: FISV), a global provider of financial services technology solutions, has announced that Jim Grech has been named chief information officer, effective November 7, 2016. Grech succeeds Clifford (Cliff) Skelton, who will move into a new role after nearly five years in key leadership positions at Fiserv. Grech, who has spent the majority…

August 24, 2016 BY Valentina Kirilova

Utility Settlement Coin concept on blockchain gathers pace

Bank of New York Mellon Corp (NYSE:BK), Deutsche Bank AG (USA) (NYSE:DB), ICAP plc (LON:IAP) and British bank Santander UK plc join UBS and Clearmatics to advance the Utility Settlement Coin concept, and plan tests in a real-market environment. USC is a digital cash model aimed at facilitating payment and settlement for institutional financial markets.…

July 19, 2016 BY Valentina Kirilova

BNY Mellon's Hani Kablawi is the new head of investment services for EMEA

Bank of New York Mellon Corp (NYSE:BK) has appointed Hani Kablawi as the new Head of Investment Services for Europe, the Middle East and Africa (EMEA). Formerly Head of Asset Servicing for EMEA, Kablawi will lead the business strategy for Investment Services in the region and will continue to be based in London. Kablawi will report to…

March 03, 2016 BY Mike Fox

R3 trials blockchain fixed income trading with 40 banks

The trial marked an unprecedented scale of institutional collaboration between the financial and technology communities exploring how distributed ledgers can be applied to global financial markets. Just released is a major blockchain announcement from financial technology innovation company R3 CEV. In short, they connected 40 banks to five different blockchains and allowed them to facilitate…

January 13, 2016 BY Mike Fox

Bank of New York Mellon accused of overcharging customers on Forex fees from ADR dividends

Reuters pointed out today that Bank of New York Mellon Corp (NYSE:BK) has been hit with a proposed class action lawsuit accusing it of skimming millions of dollars from clients by overcharging for currency conversions for American Depository Receipt dividends. Filed on Monday of this week in a Manhattan federal court, the lawsuit accused the world's biggest custody…

October 28, 2015 BY Mike Fox

Tag: BNY Mellon