Hire brings 30 years of financial services experience to the role, including 14 years at HSBC.
Global custodian follows rivals BNY Mellon and Citi in adopting Proxymity services this month.
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Determining the root cause of fails and extracting accurate data cited as the two biggest concerns for managers in new Gresham Technologies report.
New platform has been designed to optimise clients’ collateral management positions.
The development bank of Latin America and the Caribbean will utilise BNP Paribas as agent lender for its $1.3 billion portfolio.
Research from Coalition Greenwich reveals 6% growth among the top dozen custodians.
Citi and Northern Trust participated in the trial, which could significantly reduce the manual effort and errors in corporate action processing.
Over 90% of participants in a research study see increased risk of trade failures, penalties, and market inefficiencies.
The Global Custodian Directory is a single access point to leading Service Providers.
The newly combined unit will be responsible for client service, onboarding and operations in the collateral management space.
Deal, first revealed by Global Custodian's sister publication The TRADE in February, is expected to close by end-2023 and will bump State Street into the ranks of outsourced trading giants such as Northern Trust and UBS.
The roll-out will support clients with fund administration, transfer agency, depository and global custody services.
The week’s round up of fund administration news features FundGuard, AllFunds, TMF Group, Crestbridge, Apex Group and IQ-EQ.
Antiquated technology still provides the backbone for many asset managers’ operations, according to a research study by Calastone.
The platform provides clients with a holistic view of their post-trade activities.
Appointment has spent 24 years with HSBC, most recently as global head of issuer services.