Ron O’Hanley, CEO of State Street highlights strong pipeline and evolving digital asset plans: “We need to be there – first as a servicer, secondly as a bank.”
Growth driven by higher deposit volumes and fees, as Citi joins other top three custodians in posting double-digit growth.
AUC/A also reaches new peak for the Boston-based custodian, hitting $49 trillion.
Custodian builds on a record 2024 and strong Q1 with revenue and assets under custody increases.
Growth underpinned by gains in asset servicing and issuer services, as BNY adds mandates across digital assets and Saudi expansion.
Cloud-based platform to streamline post-trade processing and asset servicing functions.
Project explores digital infrastructure to support customised portfolios and new mutual fund models.
The collaboration supports launch of new fund offering amid India’s growing asset management sector.
Swiss manager appoints CACEIS to provide custody, fund administration, and transfer agency across CHF 3 billion portfolio
Approval positions Prometheum to support broker-dealers in custody and settlement of on-chain securities as blockchain adoption in capital markets grows.