Franklin Templeton selects BNY for US ETF servicing mandate
24 July 2025 US
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BNY has been appointed by Franklin Templeton to provide a full suite of asset servicing and foreign exchange solutions for its US-listed exchange traded funds (ETFs), expanding a partnership that spans nearly three decades.
The mandate will see Franklin Templeton leverage BNY’s Exchange Traded Execution (ETX) platform, which offers integrated services across the ETF lifecycle. The platform is designed to enhance flexibility, scale and operational efficiency, supporting Franklin Templeton’s ambitions for one of its fastest-growing product lines.
BNY previously supported the launch of three of Franklin Templeton’s digital asset ETFs. Under the expanded arrangement, the firms say Franklin Templeton will benefit from BNY’s full ETF servicing capabilities as well as its broader solutions aimed at driving asset growth and operational streamlining.
Emily Portney, global head of Asset Servicing at BNY, says: “BNY has been supporting Franklin Templeton for nearly three decades and we’re proud to be deepening our relationship to now deliver end-to-end ETF solutions.”
Patrick O’Connor, global head of ETFs at Franklin Templeton, adds: “We value our relationship with BNY and the opportunity to further utilise their platform and services.
“As we position our ETF business for its next phase of growth, we are excited to enhance both asset growth and operational efficiency for our clients.”
As of 30 June 2025, BNY reports US$55.8 trillion in assets under custody and/or administration and US$2.1 trillion in assets under management. The bank serves many of the world’s largest institutional clients, including more than 90 per cent of Fortune 100 companies.
The mandate will see Franklin Templeton leverage BNY’s Exchange Traded Execution (ETX) platform, which offers integrated services across the ETF lifecycle. The platform is designed to enhance flexibility, scale and operational efficiency, supporting Franklin Templeton’s ambitions for one of its fastest-growing product lines.
BNY previously supported the launch of three of Franklin Templeton’s digital asset ETFs. Under the expanded arrangement, the firms say Franklin Templeton will benefit from BNY’s full ETF servicing capabilities as well as its broader solutions aimed at driving asset growth and operational streamlining.
Emily Portney, global head of Asset Servicing at BNY, says: “BNY has been supporting Franklin Templeton for nearly three decades and we’re proud to be deepening our relationship to now deliver end-to-end ETF solutions.”
Patrick O’Connor, global head of ETFs at Franklin Templeton, adds: “We value our relationship with BNY and the opportunity to further utilise their platform and services.
“As we position our ETF business for its next phase of growth, we are excited to enhance both asset growth and operational efficiency for our clients.”
As of 30 June 2025, BNY reports US$55.8 trillion in assets under custody and/or administration and US$2.1 trillion in assets under management. The bank serves many of the world’s largest institutional clients, including more than 90 per cent of Fortune 100 companies.
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