BNY Mellon Asset Servicing has been selected by Old Mutual Capital as global custodian for its mutual fund business, which manages more than US$5bn in assets. In addition, BNY Mellon Asset Servicing will provide fund administration, accounting services and some ancillary services. BNY Mellon Asset Servicing claim to offer flexible reporting options, an ability to deliver a suite of integrated products, and a responsive service.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.