BNY Mellon has been appointed by HANetf to provide custody, administration and trustee services for exchange traded fund (ETF) issuers.
HANetf plans to lower the barriers to entry for prospective ETF issuers by providing services including product development, capital markets, sales, marketing and distribution.
HANetf is also launching an Irish-domiciled platform available to new entrants to the ETF market.
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 recognised pedigree and experience in the ETF market significantly enhances our proposition.”
Jeff McCarthy, CEO of exchange traded products, at BNY Mellon, added: “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.”
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