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Citi’s Pat Curtin takes on global custody role
03 August 2015 New York
Reporter: Stephanie Palmer

Pat Curtin has taken on the role of head of sales and client management for global custody at Citi, which will also cover fund services and agency lending...

State Street names new head of securities finance
30 July 2015 Boston
Reporter: Becky Butcher

Senior vice president Paul Fleming will take over from Lou Maiuri to lead the securities finance group at State Street...

BNY Mellon has a jolly good Q2
23 July 2015 New York
Reporter: Mark Dugdale

BNY Mellon earned seasonally higher securities revenue of $40 million during Q2 2015...

Liabilities out-dive assets in June
08 July 2015 New York
Reporter: Stephen Durham

The funded status of the typical US corporate pension plan increased 1.5 percentage points in June to 87.8 percent, as liabilities declined more rapidly than assets during the month, according to the BNY Mellon ISSG...

LCH.Clearnet recruits head of repo clearing for US
06 July 2015 New York
Reporter: Mark Dugdale

LCH.Clearnet Group has appointed John Vinci as head of its North American repo clearing business...

GCF repo settlement reform to extend into 2016
29 June 2015 New York
Reporter: Mark Dugdale

The last leg of the Tri-party Repo Infrastructure Reform Task Force’s seven-point roadmap for reform, the full alignment of GCF repo settlement with the new triparty settlement process, still needs to be completed, according to the Federal Reserve

Pershing launches OpportunityView
05 June 2015 Orlando, Florida
Reporter: Stephen Durham

BNY Mellon company Pershing LLC has launched OpportunityView, a new solution designed to help advisors and broker-dealers identify opportunities to increase returns for their clients...

CASLA: Basel III sets pace for ‘space race’
04 June 2015 Toronto
Reporter: Stephanie Palmer

Shifting collateral management trends and the effects of regulation were hot topics on the securities finance panel at the fifth annual Canadian Securities Lending Association conference in Toronto...

BNY Mellon drastically reduces intraday credit
12 May 2015 New York
Reporter: Stephen Durham

BNY Mellon has completed its tri-party repo risk reduction initiative in support of the recommendations of the task force for Tri-Party Repo Infrastructure Reform...

AIFs at risk from asset segregation
11 May 2015 New York
Reporter: Stephanie Palmer

Asset segregation as proposed under AIFMD will compromise tri-party collateral management and securities lending, according to Ross Whitehill, managing director of BNY Mellon Markets Group...

‘Lacklustre’ March for US pension plans, says ISSG
08 April 2015 New York
Reporter: Stephanie Palmer

The funded status of typical US corporate pension plans fell by 0.4 percentage points in March 2015, declining to 87.2 percent, according to the BNY Mellon Investment Strategy and Solutions Group...

Illinois court allows Teamsters case to continue
25 March 2015 Illinois
Reporter: Mark Dugdale

A district court has allowed a case to proceed that accuses BNY Mellon of violations of ERISA in connection with investments and decisions made by the bank in the administration of a securities lending programme...