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Showing 1 - 10 of 19 results for "Pershing"

Recordkeeping breach costs RBC, BNY Mellon US$85m

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
... recordkeeping failures. RBC Capital Markets will pay US$45 million ($68m) while BNY Mellon Securities Corporation, together with Pershing, will fork out US$40 million ($60m) for "widespread and longstanding failures by the firms and their personnel to ...

DTCC poaches longstanding BNY Mellon executive

CHLOE WALKER  |  TUESDAY, 26 APR 2022
... Alternative Investment Services and Structured Products business, and before that he was a member of the Executive Committee of Pershing LLC, a BNY Mellon company, where he was co-head of Global Client Relationships and head of Trading Services. Earlier ...

Leadership shuffle, redundancies at OpenMarkets

ELIZABETH MCARTHUR  |  FRIDAY, 11 MAR 2022
... operations manager and Scott Anderson as head of relationships, as well as Ian Tran as head of execution - all three left Pershing /Finclear to join OMG. Meanwhile, SelfWealth recently responded to rumours that it may soon acquire OpenMarkets. In a statement ...

BNY Mellon announces new chief executive

ELIZABETH MCARTHUR  |  FRIDAY, 11 MAR 2022
... BNY Mellon and chief executive of the firm's global market infrastructure business - which includes BNY Mellon's Pershing, treasury services, and clearance and collateral management lines of business as well as markets and execution services. Prior ...

Direct indexing: The next evolution?

CHLOE WALKER  |  MONDAY, 7 MAR 2022
... Vanguard acquired Just Invest, a direct indexing company, in October last year. Then, in December 2021 BNY Mellon's Pershing acquired Optimal Asset Management, the business of which is solely in direct indexing. Already in 2022, Fidelity, which administers ...

Crestone awards back-office, trade execution mandate

KARREN VERGARA  |  TUESDAY, 15 FEB 2022
... functions, while UBS also provides such services for the wealth management group's remaining clients. Since taking over Pershing Australia from BNY Mellon, FinClear has won mandates from Ord Minnett and Velocity Trade in the second half of 2021. ...

FinClear wins Ord Minnett mandate

KARREN VERGARA  |  MONDAY, 18 OCT 2021
... We believe FinClear will be an excellent fit for us going forward," he said. FinClear took over BNY Mellon subsidiary Pershing Australia in June. FinClear chief executive David Ferrall said: "When we bought the Pershing business, we understood Ord Minnett ...

FinClear scores clearing mandate

JAMIE WILLIAMSON  |  WEDNESDAY, 13 OCT 2021
In its first client acquisition since acquiring Pershing Australia, FinClear has signed an agreement to provide third-party clearing services to a global broker-dealer. FinClear secured the deal with Velocity Trade, ending the latter's relationship ...

FinClear to acquire BNY subsidiary

KARREN VERGARA  |  THURSDAY, 10 JUN 2021
... offloading its local execution and settlements business to FinClear for an undisclosed amount. FinClear is set to takeover Pershing Securities Australia in a bid to scale and enhance Holder Identification Number (HIN)-based platform services. FinClear ...

Latitude IPOs despite spotted past

ELIZABETH MCARTHUR  |  WEDNESDAY, 21 APR 2021
... listed yesterday, with one billion shares offered at $2.60 at the time of float before the share price rose to $2.77. Pershing Securities and Hamilton Lane investors were among the 20 largest holders of the Latitude share register prior to the initial ...
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