BNY to provide custody for Securitize’s new tokenised CLO fund
Fund aims to bring institutional structured credit on-chain, with Grove planning $100 million anchor investment.
Custody
BNP Paribas’ securities services revenue climbs 5% in Q3
Assets under custody and administration rise to €17.8 trillion on strong activity and new mandates.
Northern Trust posts 6% rise in Q3 servicing fees to $706.9m
Assets under custody/administration edge up to $18.2 trillion as revenue and profit margins strengthen.
State Street making ‘meaningful progress’ in scaling Alpha
Momentum builds as the custodian accelerates the implementation process for new clients.
Custody
BNY’s Robin Vince lifts the lid on custodian’s recent successes
Chief executive points to the impact of the firm’s new operating model, strong momentum within ETF and private market segments, and an openness to M&A opportunities.
State Street surpasses $50 trillion in AUC/A
CEO Ron O’Hanley credits disciplined execution and client-focused innovation for driving record assets and steady fee growth.
Infrastructure under strain as asset servicing volumes surge, report finds
A new study by Broadridge, ISSA and The ValueExchange shows that despite record growth, outdated systems and poor data quality continue to hinder automation across the post-trade ecosystem.
BNY posts quarterly securities services revenue of $2.4bn
Assets under custody/administration also reach high of $57.8 trillion.
Citi posts 7% securities services growth in Q3 as AUC/A rises to $30trn
Growth this quarter is driven by higher custody fees and mark-to-market gains amid steady deposit balances.
Custody
JP Morgan’s assets under custody cross $40trn for first time
Custodian also posts twelfth consecutive quarter of securities services revenue growth – extending a streak that began Q4 2022.