BNY Mellon connects to Monte Titoli on T2S

BNY Mellon has migrated clients’ assets to direct accounts with Monte Titoli, the Italian company which is owned by London Stock Exchange Group, using its connection to TARGET2-Securities (T2S).

BNY Mellon provides services to clients in over 100 markets and is using its connection to T2S to become direct to all the major markets in the Eurozone. Monte Titoli is the authorised central securities depositary (CSD) for centralised administration, settlement and ancillary services in the Italian market.

“We are delighted that BNY Mellon, one of the world’s largest investment services companies, has become a participant of Monte Titoli,” said Mauro Dognini, chief executive of Monte Titoli. “In doing so, BNY Mellon and its clients will be able to fully benefit from the implementation of T2S using Monte Titoli for the provision of settlement, asset and fiscal services, which will help improve operational efficiency and reduce risk. This achievement represents a key step in Monte Titoli’s strategy to expand its service offering and client base and confirms its capability to support international clients.”