bank of new york mellon corp (BK) Key Developments
BNY Mellon Appoints Kenya T Boswell as Foundation Regional President
Nov 19 14
BNY Mellon's charitable giving manager Kenya T Boswell has been named president of the BNY Mellon Foundation of Southwestern Pennsylvania effective January 1, 2015. Boswell will succeed James P McDonald, who previously announced plans to retire at year-end.
BNY Mellon Establishes an Innovation Center in California's Silicon Valley; Appoints Michael Gardner as Managing Director and Head of Silicon Valley Facility
Nov 17 14
BNY Mellon announced that it has established an innovation center in California's Silicon Valley. The opening of the facility is part of the company's plans to use emerging and disruptive technologies such as Cloud Computing, Big Data and the Internet of Things to gain new business insights, develop inventive, operational and technological capabilities, and identify potential new ventures that anticipate and cater to emerging client needs. The Silicon Valley site is BNY Mellon's fourth global innovation center with a mission to encourage collaborative, break-through thinking that will leverage talent development and lead to innovations for clients. The company already operates similar centers in Jersey City, New Jersey; and Pune and Chennai in India, where employees share ideas that encourage dialogue, creativity and collaboration with staff anywhere in the world.
Michael Gardner, managing director and head of the company's Silicon Valley facility, most recently was with Apigee, Inc, where he led research and development, support, security and cloud operations. Previously, he held executive-level engineering posts at various startups and public companies in that region, including LiveOps and eBay. Gardner will lead BNY Mellon's efforts to foster collaborative innovation that leverages advanced and prototype technology to develop new offerings, improve customer service and reduce time-to-market. The types of technologies the center will focus on include, but are not limited to, mobile development, cloud computing, application development, information security, decision science/analytics and collaboration technology.
The Bank of New York Mellon Corporation Presents at 2nd Annual Asia Pacific Distressed Investing and Corporate Restructuring Summit 2014, Nov-19-2014 11:50 AM
Nov 15 14
The Bank of New York Mellon Corporation Presents at 2nd Annual Asia Pacific Distressed Investing and Corporate Restructuring Summit 2014, Nov-19-2014 11:50 AM. Venue: The Ritz-Carlton, Hong Kong, Hong Kong. Speakers: Winnie Wong, Vice President, Global Corporate Trust.
BNY Mellon Inks Distribution Deal with Credem
Nov 10 14
BNY Mellon has signed an agreement with Credem to distribute its funds to investors in Italy. The deal will see BNY Mellon funds available to Credem's network of 500 financial advisers and 180 private bankers Under the agreement, BNY Mellon will also distribute all the products within its Sicav BNY Mellon Global Funds to Credem's retail clients. The BNY Mellon Global Funds SICAV range includes bond, equity, flexible and absolute return funds and other investment strategies aimed at retail investors. The deal follows a partnership agreement signed between Credem and Banca Euromobiliare, a financial arm of Credem group specialized in investment and advisory services.
Avoca CLO XII Limited Appoints BNY Mellon as Trustee, Portfolio Administrator
Nov 5 14
BNY Mellon has been appointed trustee and portfolio administrator for Avoca CLO XII Limited. BNY Mellon will also act as account bank, custodian, registrar and paying agent for the CLO. Arranged by Credit Suisse, Avoca CLO XII Limited is the third European CLO 2.0 KKR has launched. BNY Mellon has been appointed as trustee and portfolio administrator on all three issues. CLO 2.0s are those issued from 2009 onwards, following the credit crisis, and have more conservative structures, such as shorter investment periods and lower leverage. CLO issuance in Europe 2014 has already surpassed the figure for the whole of 2013, EUR 7.6 billion.