BNY Mellon has initiated trading on the part of BNY Mellon Capital Markets EMEA.
The new London-based business will provide dealing services on an agency or principal basis across a broad range of fixed income and equity securities for institutional clients in Europe, the Middle East and Africa.
Authorised and regulated by the UK’s Financial Conduct Authority, BNY Mellon Capital Markets EMEA is headed by managing director Ian Gass and is co-located on the BNY Mellon Global Markets trading floor at One Canada Square in London.
Focused on providing capital markets services as an enhancement to client relationships across the BNY Mellon enterprise in EMEA, BNY Mellon Capital Markets EMEA is using existing staff and trading facilities to deliver to BNY Mellon’s EMEA clients the trading services that are already being provided in the US by BNY Mellon Capital Markets and BNY Mellon Global Markets.
“BNY Mellon is committed to providing service that keeps pace with the increasingly global scope of capital markets investment activity,” says Art Certosimo (pictured), senior executive vice president and chief executive officer of BNY Mellon Global Markets. “The launch of BNY Mellon Capital Markets EMEA makes that commitment a reality for our EMEA clients.”
“Our new startup provides a high level of convenience for clients who have requested that we expand their relationship with BNY Mellon to include support on capital markets transactions,” says Gass. “Operating in an open-architecture environment will enable us to provide efficient service and deliver the operational risk management benefits of straight-through-processing, including automatic confirmation of trades in client custody accounts. By providing cost-effective, reliable trading services, we will be adding value to BNY Mellon’s relationships with institutional clients in EMEA.”