NEW YORK, October 9, 2024 -- The Bank of New York Mellon Corporation (“BNY”) (NYSE: BK), a global financial services company, today announced it has been appointed by WisdomTree, Inc. (NYSE: WT), a global financial innovator, to provide1 custody, accounting, fund administration, ETF services and securities lending across its U.S.-listed ETFs, totaling $80.7 billion2 in assets under management. BNY has also been awarded fund accounting and administration of WisdomTree’s Bitcoin ETF and suite of tokenized funds.
WisdomTree is expanding its long-standing relationship with BNY as a sub-advisor and distributor of its ETFs, to now support additional growth initiatives across models, digital assets and retail distribution. By drawing on BNY’s unique role across the financial ecosystem and expertise partnering with clients to transform their operating model, WisdomTree will also gain scale and efficiencies.
“This is a great example of how BNY is bringing together solutions from across our enterprise to create an operating and distribution support model that will help accelerate WisdomTree’s ongoing growth and innovation story, delivering value to their funds,” said Emily Portney, Global Head of Asset Servicing at BNY. “We’re thrilled to deepen our relationship with WisdomTree to now provide them with a front-to-back solution from sub-advisory through to fund administration and investor servicing, digital assets support and distribution.”
1 The provision of services is subject to regulatory approval, where required.
2 Source: WisdomTree Global AUM: figure of $80.7 billion denotes the aggregate assets under management of WisdomTree’s U.S.-listed funds.
Media
Anneliese Diedrichs
+44 7930 135 524
About BNY
BNY is a global financial services company that helps make money work for the world – managing it, moving it and keeping it safe. For 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over 90% of Fortune 100 companies and nearly all the top 100 banks globally to access the money they need. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more. As of June 30, 2024, BNY oversees $49.5 trillion in assets under custody and/or administration and $2.0 trillion in assets under management.
BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY employs over 50,000 people globally and has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators. Additional information is available on www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news.
This Press Release is issued by BNY to members of the press and media and the information contained herein should not be construed as investment advice or a recommendation of any investment strategy or product. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized.