People Moves

BNY Mellon’s global head of ETF services departs

Moves to MFS Investment Management

Lauren Gibbons

People moves new hires

BNY Mellon’s global head of ETF services Vivian Tung is set to join MFS Investment Management as a senior managing director.

Tung spent almost two and a half years at BNY Mellon, where she was responsible for managing operational and client service aspects across the ETF business.

Tung joined BNY Mellon from Brown Brothers Harriman (BBH) where she was senior vice president of US ETF product for almost 11 years.

Prior to this, she was promoted from vice president of ETF strategy at the same firm.

Meanwhile, BNY Mellon was renamed to BNY yesterday, some 17 years after the merger between The Bank of New York and Mellon Financial Corporation.

BNY will remove Mellon from the titles of its subsidiaries, with the new names including BNY Investments, BNY Wealth and BNY Pershing.

The industry has seen a string of senior reshuffles in recent weeks, namely State Street’s Fitzpatrick and Amundi’s Llinas moving to JP Morgan and Euronext, respectively.

Elsewhere, BNY Mellon unveiled an ETF basket construction platform in February, aimed at simplifying the management of ETFs for asset managers.

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