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16 May 2025 by Laura Dew

Vanguard boasts record $1.8bn ETF inflows during April

The volume of flows into ETFs grew by almost a third in April, according to VanEck, with two Vanguard funds seeing heavy inflows. The firm’s ...
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Gold’s 2025 bull case strengthens on trade tensions, inflation and reserve diversification

The gold market has entered new territory, with State Street Global Advisors revising its outlook as bullion prices defy ...

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‘Not going anywhere’: BlackRock backing a game changer for retirement innovation

On the back of a strategic alliance between the firms, the CEO of Generation Life says it’s “phenomenal” to have the ...

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Bitcoin forecast to strike US$200k by year’s end

Improving market sentiment, coupled with political engagement around digital assets, could see bitcoin reach US$200,000 ...

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SMC urges ‘balanced review’ of private markets

As ASIC looks to crack down on private markets, the Super Members Council is calling for a “balanced review” of both its ...

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AI set to lead thematic ETFs to record flows in 2025, says State Street

In a year marked by significant growth for thematic ETFs, 2025 is poised to be a landmark period for AI-focused ...

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BNY Trust appoints two

  •  
By Charlie Corbett
  •  
2 minute read

BNY Trust has appointed a managing director and chief operating officer and scrapped the job of chief executive.

Financial services group BNY Trust, the joint venture between Bank of New York Mellon and Trust Company Australia, has appointed John McGee as managing director and Mike Thomson as chief operating officer.

McGee was a non-executive director on the board of BNY Trust and has worked in the mortgage and property industry for 20 years.

His most recent job was with real estate manager Rismark International where he was chief operating officer.

McGee also sits on the boards of biotechnology company Progenix and alternative investment specialist Westpac Funds Management.

 
 

Thomson is an internal appointment. He was previously chief executive of the firm, a position that no longer exists now that McGee has been made managing director.

BNY Trust was formed in 2005 and provides trustee services for debt issuers, including corporate and municipal debt, mortgage-backed and asset-backed securities, derivative securities services and international debt offerings.