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BNY Mellon Asset Servicing tops USD100bn in ETF assets under custody

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BNY Mellon Asset Servicing has exceeded USD100bn in exchange-traded fund assets under custody.

BNY Mellon Asset Servicing has exceeded USD100bn in exchange-traded fund assets under custody.

BNY Mellon is the largest US custodian for ETFs in terms of funds serviced, providing services to more than 350 separate funds.

Over the last ten years, BNY Mellon’s ETF services business has grown from a single portfolio with less than USD1bn in assets.

“This important milestone reflects the recent market upturn and the unwavering emphasis that BNY Mellon has put on delivering superior asset servicing capabilities for this rapidly growing segment of the global funds industry,” says Joseph Keenan, managing director and head of financial institution relationship management for BNY Mellon Asset Servicing.

ETF services include custody, accounting and administration, and transfer agency.

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