State Street selects FRT to expand global class actions service
The custody bank will integrate Financial Recovery Technologies’ platform to improve visibility, coverage and recovery outcomes for institutional clients.
The custody bank will integrate Financial Recovery Technologies’ platform to improve visibility, coverage and recovery outcomes for institutional clients.
New infrastructure supports tokenised money market funds, ETFs, deposits and stablecoins across public and private blockchain networks.
The seasoned executive has had an impressive 31-year career at Boston-based State Street, where he most recently served as the global COO for alternatives.
A range of factors will contribute to that growth, the custodian said, including continued innovation and expanded availability within the sector.
With the expansion, SimCorp will provide State Street Bank International with technology components to support its accounting servicing, fund administration, and data processing services
Seasoned executive brings a wealth of experience from the likes of Citi, Northern Trust, BNY Mellon, JP Morgan and HSBC.
Previously, Fund ETF APIs had been available in the US and Canada, accounting for nearly half of North American order volumes.
Irish funds market bounces back from decline in the previous year to grow by 8.6% according to new data which shows a shake-up in the custodian league table in the country.
ZILO has appointed four industry figures to its board following the fintech’s successful £25 million Series A fundraise last month, including two securities services stalwarts.
Deal will bump State Street into the ranks of outsourced trading giants such as Northern Trust and UBS, extending its remit in outsourced trading to the UK and Europe.