Mellon

BNY Mellon expands collaboration with SNB Capital to launch transformative data management solution in Saudi Arabia

Retrieved on: 
Monday, December 20, 2021
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KINGDOM OF SAUDI ARABIA, Dec. 20, 2021 /PRNewswire/ -- BNY Mellon and SNB Capital are pleased to announce a transformative data management solutions collaboration in the Kingdom of Saudi Arabia ("KSA" or "the Kingdom") to help build a robust, market-leading and inclusive capital markets ecosystem.

Key Points: 
  • KINGDOM OF SAUDI ARABIA, Dec. 20, 2021 /PRNewswire/ --BNY Mellon and SNB Capital are pleased to announce a transformative data management solutions collaboration in the Kingdom of Saudi Arabia ("KSA" or "the Kingdom") to help build a robust, market-leading and inclusive capital markets ecosystem.
  • Building on the earlier strategic alliance to deliver securities services capabilities, SNB Capital will deploy BNY Mellon's data platform within its IT infrastructure in the Kingdom.
  • The award-winning BNY Mellon data platform enables organizations to transform their data landscapes by centralizing and effectively managing complex investment assets.
  • This latest collaboration is a significant development for Saudi Arabia's financial sector and is set to deliver institutional clients of SNB Capital a single, unified solution for local and global assets.

BNY Mellon expands collaboration with SNB Capital to launch transformative data management solution in Saudi Arabia

Retrieved on: 
Monday, December 20, 2021
Organization, Technology, BNY Mellon, Investment, Trust, Mellon, SNB, Growth, NYSE, High-net-worth individual, Principal, OF, Bank, Data management, Risk, BK, CEO, Vision 2030, Goal, Capital market, Newsroom, Saudi National Bank, Capital Markets Authority of Saudi Arabia, National bank, KSA, Twitter, Partnership, Weapon, Asset management, Renewable energy, Financial services, Kingdom, Tadawul

KINGDOM OF SAUDI ARABIA, Dec. 20, 2021 /PRNewswire/ -- BNY Mellon and SNB Capital are pleased to announce a transformative data management solutions collaboration in the Kingdom of Saudi Arabia ("KSA" or "the Kingdom") to help build a robust, market-leading and inclusive capital markets ecosystem.

Key Points: 
  • KINGDOM OF SAUDI ARABIA, Dec. 20, 2021 /PRNewswire/ --BNY Mellon and SNB Capital are pleased to announce a transformative data management solutions collaboration in the Kingdom of Saudi Arabia ("KSA" or "the Kingdom") to help build a robust, market-leading and inclusive capital markets ecosystem.
  • Building on the earlier strategic alliance to deliver securities services capabilities, SNB Capital will deploy BNY Mellon's data platform within its IT infrastructure in the Kingdom.
  • The award-winning BNY Mellon data platform enables organizations to transform their data landscapes by centralizing and effectively managing complex investment assets.
  • This latest collaboration is a significant development for Saudi Arabia's financial sector and is set to deliver institutional clients of SNB Capital a single, unified solution for local and global assets.

Redwood Logistics Announces Strategic Investment from AEA Investors

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Tuesday, December 14, 2021
CI Capital Partners, Technology, Solution, Rockefeller, Improper integral, Mellon, Growth, Small business, Partner, Industry, Chicago Tribune, Acquisition, Family, CEO, Transport, AEA, AEA Investors, S. G. Warburg & Co., GLOBE, Partnership, Warehouse, Financial services, Sequoioideae

CHICAGO, Dec. 14, 2021 (GLOBE NEWSWIRE) -- Redwood Logistics (Redwood), one of the fastest-growing supply chain and logistics companies in North America, announced a new strategic investment from AEA Investors (AEA), a leading global investment firm with over $15 billion in assets under management and a 50+ year legacy of partnering with leading middle market companies to accelerate growth.

Key Points: 
  • CHICAGO, Dec. 14, 2021 (GLOBE NEWSWIRE) -- Redwood Logistics (Redwood), one of the fastest-growing supply chain and logistics companies in North America, announced a new strategic investment from AEA Investors (AEA), a leading global investment firm with over $15 billion in assets under management and a 50+ year legacy of partnering with leading middle market companies to accelerate growth.
  • AEAs significant investment underscores Redwoods mission to revolutionize the freight industry by serving its customers at the intersection of logistics and technology.
  • This additional investment accelerates our organizations strategic growth plan, all while retaining and underscoring our core values, unique Redwood culture and winning team, said Mark Yeager, CEO, Redwood Logistics.
  • Redwood Logistics , a leading logistics platform company headquartered in Chicago, has provided solutions for moving and managing freight for more than 20 years.

Spectrum Plastics Group Appoints Interim President & CEO

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Friday, December 17, 2021
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ALPHARETTA, Ga., Dec. 17, 2021 /PRNewswire/ --Spectrum Plastics Group ("SPG," "Spectrum" or the "Company"), a leading medical components and contract manufacturer, today announced that John Wolf, President of Spectrum Plastics Films Division, has been appointed interim President and Chief Executive Officer.

Key Points: 
  • ALPHARETTA, Ga., Dec. 17, 2021 /PRNewswire/ --Spectrum Plastics Group ("SPG," "Spectrum" or the "Company"), a leading medical components and contract manufacturer, today announced that John Wolf, President of Spectrum Plastics Films Division, has been appointed interim President and Chief Executive Officer.
  • Thomas J. Sullivan will be stepping down from his roles as President and CEO effective December 26, 2021.
  • The Board of directors has unanimously elected Mr. Wolf as the Company's interim President and Chief Executive Officer, starting on December 27, 2021.
  • "We are pleased to welcome John as our new President and CEO.

CI Capital Announces Sale of Redwood Logistics

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Tuesday, December 14, 2021
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NEW YORK, Dec. 14, 2021 /PRNewswire/ --CI Capital Partners ("CI Capital"), a New York-based private equity firm, announced today that it has sold its portfolio company, Redwood Logistics ("Redwood"), a leading third-party logistics provider, offering a broad suite of services including transportation brokerage, managed transportation, and supply chain technology and related services, to AEA Investors.

Key Points: 
  • NEW YORK, Dec. 14, 2021 /PRNewswire/ --CI Capital Partners ("CI Capital"), a New York-based private equity firm, announced today that it has sold its portfolio company, Redwood Logistics ("Redwood"), a leading third-party logistics provider, offering a broad suite of services including transportation brokerage, managed transportation, and supply chain technology and related services, to AEA Investors.
  • Joost Thesseling, Managing Director of CI Capital, said, "CI Capital is proud to have collaborated with Mark Yeager and the entire Redwood team to support the company's exceptional growth during a period of immense technological change in the logistics industry.
  • Redwood Logistics, a leading logistics platform company headquartered in Chicago, has provided solutions for moving and managing freight for more than 20 years.
  • CI Capital forms partnerships with experienced management teams and entrepreneurs to build substantial businesses through add-on acquisitions, organic growth and operational improvements.

Pexco LLC Acquires Performance Elastomers Corporation

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Wednesday, December 1, 2021
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Pexco LLC, a leading North American specialty plastics extruder, is pleased to announce the acquisition of Performance Elastomers Corporation (PEC).

Key Points: 
  • Pexco LLC, a leading North American specialty plastics extruder, is pleased to announce the acquisition of Performance Elastomers Corporation (PEC).
  • Based in Ravenna, Ohio, near Akron, Performance Elastomers specializes in manufacturing dense and sponge elastomer products, including both rubber-based and thermoplastic elastomers (TPEs), used in recreational vehicle, automotive aftermarket, marine and heavy equipment applications.
  • Pexco CEO Sam Patel stated, We are delighted to welcome Performance Elastomers to the Pexco family of companies.
  • Performance Elastomers Corporation is a custom provider of rubber, silicone, and thermoplastic elastomer products, offering an extensive array of secondary processes as well as in-house tool and die capabilities.

BNY Mellon to Report Fourth Quarter 2021 Results on January 18, 2022

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Friday, November 12, 2021
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NEW YORK, Nov. 12, 2021 /PRNewswire/ --BNY Mellon will report financial results for the fourth quarter 2021 on Tuesday, January 18, 2022.

Key Points: 
  • NEW YORK, Nov. 12, 2021 /PRNewswire/ --BNY Mellon will report financial results for the fourth quarter 2021 on Tuesday, January 18, 2022.
  • Replays of the fourth quarter conference call and audio webcast will be available beginning on January 18, 2022, at approximately 2 p.m.
  • As of Sept. 30, 2021, BNY Mellon had $45.3 trillion in assets under custody and/or administration, and $2.3 trillion in assets under management.
  • BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).

BNY Mellon's Pershing Launches New Business Unit, Pershing X(SM), to be led by Ainslie Simmonds

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Thursday, October 14, 2021
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JERSEY CITY, N.J., Oct. 14, 2021 /PRNewswire/ --BNY Mellon's Pershing ("Pershing") has appointedAinslie Simmondsas President of Pershing X SM, a new business unit within Pershing that will design and build innovative solutions for the advisory industry.

Key Points: 
  • JERSEY CITY, N.J., Oct. 14, 2021 /PRNewswire/ --BNY Mellon's Pershing ("Pershing") has appointedAinslie Simmondsas President of Pershing X SM, a new business unit within Pershing that will design and build innovative solutions for the advisory industry.
  • Pershing X is an extension of the Client Experience Reimagined initiative that Pershing announced in April 2021.
  • Clients using Pershing X's solutions will also benefit from access to enterprise offerings provided by BNY Mellon Wealth Management and Investment Management.
  • "Based on her deep understanding of the advisory landscape and digital tools, we feel certain that Ainslie is best-positioned to lead Pershing X," added Crowley.

BNY Mellon to Report Third Quarter 2021 Results on October 19, 2021

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Tuesday, October 12, 2021
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NEW YORK, Oct. 12, 2021 /PRNewswire/ --BNY Mellon will report financial results for the third quarter 2021 on Tuesday, October 19, 2021.

Key Points: 
  • NEW YORK, Oct. 12, 2021 /PRNewswire/ --BNY Mellon will report financial results for the third quarter 2021 on Tuesday, October 19, 2021.
  • BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle.
  • As of June 30, 2021, BNY Mellon had $45.0 trillion in assets under custody and/or administration, and $2.3 trillion in assets under management.
  • BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).

BNY Mellon Utilizes Blockchain to Digitize Working Capital in Global Trade Finance

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Tuesday, October 5, 2021
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NEW YORK, Oct. 5, 2021 /PRNewswire/ --BNY Mellon has joined a consortium working to introduce blockchain technology into international trade finance and digitize how working capital is provided to both suppliers and buyers across the globe.

Key Points: 
  • NEW YORK, Oct. 5, 2021 /PRNewswire/ --BNY Mellon has joined a consortium working to introduce blockchain technology into international trade finance and digitize how working capital is provided to both suppliers and buyers across the globe.
  • Utilizing Marco Polo, BNY Mellon will not only provide financing to suppliers, but will also have real-time visibility into trade finance instruments and their status, such as purchase orders and invoices.
  • This means the data in trade documents are checked, matched and confirmed by both parties near instantaneously, enabling the faster delivery of working capital to finance the trade by liquidity providers like BNY Mellon.
  • Utilization of the blockchain reduces the risk that the same trade instruments could be used to secure working capital from multiple liquidity providers.