The creation of the new unit comes one month after Northern Trust closed its acquisition of the Omnium technology platform from Citadel.
Fund administration veteran Eiji Ihori took on the interim CEO role at MUFG Investor Services on 1 July, replacing Mark Porter who stepped into an advisory role.
The UK asset manager will consolidate its asset servicing relationships for its UK and Ireland fund ranges and use BNY Mellon as its sole outsourcing provider.
One of Euroclear's most senior leaders has left after 27 years to explore new entrepreneurial challenges.
Citi and JP Morgan both recorded a 12% increase in the second quarter for their securities services businesses.
The migration to the platform will replace the legacy platform Northern Trust’s transfer agency business had previously operated on.
The deal is the latest in a string of acquisitions for SSG Group which has expanded in the investor services business over the past two years
China's inclusion into the MSCI Emerging Markets Index has driven a dramatic increase in foreign institutions opening up special segregated accounts (SPSAs).
The trade marks the end of a nine-month journey for PGGM after it signed up as the first buy-side clearing member of Eurex’s securities lending CCP.
The enhancements include a direct buy-side access link with LCH RepoClear, added tri-party repo services, and a new collateral optimisation tool.
SIX Group will use Nasdaq’s post-trade technology for pan-European equities and Nordic derivatives.
Custodians stand to benefit from using the technology for new revenue-generating products around data services.
Crypto fund-only fund administrator launches with $700 million in cryptocurrency assets under administration from around the world.
Outsourcing partnerships were ranked as a relatively low priority as it is already a core part of many buy-side strategies.
JP Morgan welcomes multiple new additions to its agency securities financing team to lead the business globally.