HANetf appoints BNY Mellon as asset servicing provider
London, 29 January 2018 – BNY Mellon,
a global leader in investment management and investment services, has been
appointed by HANetf, Europe’s first independent ‘white label’ UCITS Exchange
Traded Funds (ETF) platform, to provide custody, administration and trustee
services.
HANetf will this year launch an Irish domiciled platform available to
new entrants to the ETF market. Founded by co-CEOs, Hector McNeil and Nik
Bienkowski, HANetf plans to lower the barriers to entry for prospective ETF
issuers by providing services including product development, capital markets,
sales, marketing and distribution.
Nik Bienkowski, co-CEO at HANetf, said: “Our offering will help any asset
manager who may have thought the road to market too costly or time consuming to
issue ETFs in Europe under their own efforts. We are delighted to have
appointed BNY Mellon; their recognized pedigree and experience in the ETF
market significantly enhances our proposition.”
Jeff McCarthy, CEO, Exchange Traded Products, at BNY Mellon, said: “The
European ETF industry is gaining significant momentum and we are seeing
increasing numbers of established asset managers seeking a quick and easy way
to get into the ETF space. HANetf’s timing is good – with our support, they are
very well positioned to meet that burgeoning demand.”
Scott Coey, Head of EMEA Relationship Development, Hedge Fund, ETF and
Structured Products, at BNY Mellon, said: “We see this as a long-term strategic
opportunity for both HANetf and BNY Mellon. Our appointment by HANetf to
support their turn-key ETF platform is recognition of the significant
investment we have made into ETF servicing in recent years.”
BNY Mellon restructured its ETF team in 2017. This included the hiring
of Jeff McCarthy into a newly created firm-wide ETF leadership role,
London-based Scott Coey to the new position of head of relationship development
for ETF and structured products in EMEA, and Rob Rushe, who joined the company in
October as European ETF Segment Executive to lead and execute the long-term
growth in BNY Mellon’s European ETF platform.