BNY Mellon has been appointed by River and Mercantile Asset Management LLP to provide middle and back office solutions for assets valued at $3.1 billion.

A collateral management service developed for customers of both Clearstream and
BNP Paribas Securities Services has now launched across multiple markets and
for both fixed income and equities. 

BNY Mellon has enhanced its global transfer agency offering with a new retrocession servicing capability that enables asset managers to process fees and commissions more efficiently.

Omgeo has  announced that Nomura Asset Management, one of Japan’s largest investment managers, is now using Omgeo Central Trade Manager^SM (Omgeo CTM) for the central matching of its Japanese domestic equity trades.

The European Fund and Asset Management Association (EFAMA) today published in cooperation with SWIFT, a new report on the evolution of automation and standardisation rates of fund orders received by transfer agents (TAs) in the cross-border fund centres of Luxembourg and Ireland in 2012.  This report confirms that the automation rate and the use of the ISO standards in the fund industry continued to increase in 2012. 

Less than Two Thirds of Defined Benefit Schemes Believe they can Access Accurate Portfolio Investment Data

Calastone  now has more than 40% of Australia’s fund managers available for transacting over its electronic network, as NAB Asset Servicing (NAS) goes live.

Mary O’Leary, Vice President, Product Management, CIBC Mellon

Institutional investors, plan sponsors and other asset managers face ever-growing pressure to deliver investment information and reporting to their underlying investors, regulators, plan members and Boards.  From asset allocations to key portfolio metrics to compliance requirements, managers are facing substantial human and financial capital investment in order to meet the growing appetite for reporting. 

HSBC Securities Services has become the first fund administrator in
Singapore to connect a Singaporean domestic fund to an electronic,
securities processing platform.  This development, in partnership with Lion
Global Investors, leads the way for fund managers in Singapore to achieve
greater international distribution of their domestic funds.

National Settlement Depository (NSD), Russia’s central securities depository, reports that after consultation with custodians and registrars it has approved a road map for mass transfer of assets from registers to the central securities depository (CSD) for safekeeping. The road map is focused on completion of assets’ transfer to CSD’s accounts in 1Q 2013 to support forthcoming placements of securities of privatized Russian companies on Moscow Exchange.