ROBO appoints BNY Mellon
February 20, 2018

BNY Mellon says it has been appointed to provide custody and transfer agency services to ROBO Global, creator of the world's first exchange-traded fund (ETF) to track the global robotics, automation and artificial intelligence (RAAI) sector. 

The bank says that the ROBO Global Robotics & Automation Index ETF has more than doubled its assets in the last five months, and recently crossed the US$2 billion assets under management (AUM) threshold. It adds that the services were transitioned from a previous provider seamlessly and converted to BNY Mellon's asset servicing platform without business interruption. 

Travis Briggs, Chief Executive Officer of ROBO Global US, said: "Investors across the world are embracing robotics and artificial intelligence investment. By appointing BNY Mellon as our asset servicing provider, we have now established a robust foundation to meet the needs of our investors throughout their investment lifecycle."

Jeff McCarthy, CEO, Exchange-Traded Products, BNY Mellon, said: "We pride ourselves on our ability to deliver a technology platform, services, and depth of expertise that scales to the needs of fast-growing ETF issuers. This new appointment speaks to the power of our holistic approach."





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BNY Mellon says it has been appointed to provide custody and transfer agency services to ROBO Global, creator of the world's first exchange-traded fund (ETF) to track the global robotics, automation and artificial intelligence (RAAI) sector. 

The bank says that the ROBO Global Robotics & Automation Index ETF has more than doubled its assets in the last five months, and recently crossed the US$2 billion assets under management (AUM) threshold. It adds that the services were transitioned from a previous provider seamlessly and converted to BNY Mellon's asset servicing platform without business interruption. 

Travis Briggs, Chief Executive Officer of ROBO Global US, said: "Investors across the world are embracing robotics and artificial intelligence investment. By appointing BNY Mellon as our asset servicing provider, we have now established a robust foundation to meet the needs of our investors throughout their investment lifecycle."

Jeff McCarthy, CEO, Exchange-Traded Products, BNY Mellon, said: "We pride ourselves on our ability to deliver a technology platform, services, and depth of expertise that scales to the needs of fast-growing ETF issuers. This new appointment speaks to the power of our holistic approach."



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