Bringing you live news and features since 2006 

BNY Mellon to provide derivatives collateral management for Promark

RELATED TOPICS​

BNY Mellon has been selected by Promark Investment Advisors, which manages pension plan investment programmes, to provide derivatives collateral management services through its Derivatives 360 suite of products.

BNY Mellon will provide derivatives collateral management for swaps, swap options, options and foreign exchange. 

It also will provide over-the-counter derivatives reconciliation services between counterparties and investment managers. 

In addition, BNY Mellon has the capability to provide cash collateral investment through BNY Mellon Cash Investment Strategies, a division of The Dreyfus Corporation, a registered investment adviser.

“We selected BNY Mellon for this service because they offer a comprehensive solution to support our utilisation of derivatives,” says Michael Connors, vice president of operations of Promark. “This includes improved client reporting and risk mitigation."

"Our derivative services, the Derivatives 360 suite, continue to gain momentum in the marketplace," adds James P. Palermo, co-chief executive officer of BNY Mellon Asset Servicing. "The breadth and sophistication of the offering and our ability to deliver this product from five major financial centers have all contributed to drive the adoption of Derivatives 360."

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
ETFs
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by