Despite unfavourable conditions for the global custody industry as a whole in the first few months of the year, Ron O’Hanley, State Street’s new CEO, sees untapped opportunities.
The partnership highlights a growing trend of Asian asset managers turning to securities lending as an additional source of income.
Credit Suisse stated it has seen increased profits following its programme of optimising and rationalising its prime brokerage balance sheet.
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Perez-Tasso was a founder of the SWIFT2020 strategy, as well as an executive sponsor of its customer security programme.
The Single CSD model currently covers the Euroclear Settlement of Euronext-zone securities (ESES) markets.
The service will also cover multi-asset execution, outsourced trading and introducing clearing services for hedge funds, mutual funds and family offices.
Earlier this year, BNY Mellon's Scharf proposed a move to an ‘open solution model’ where it will work with external providers and platforms.
Northern Trust stated it too was affected by unfavourable markets but managed to partially offset this with new business.
The Boston-based global custodian stated the drop was down to challenging industry conditions including fee concessions and lower client activity.
Earlier this year, BNY Mellon's Scharf proposed a move to an ‘open solution model’ where it will work with external providers and platforms.
BNY Mellon has made three major appointments to its European trust and depositary (T&D) business over the past two months.
Proxymity was one of the first initiatives to be launched out of Citi’s London-based Citi D1OX programme, developed by the custody and fund services business.
New report shows uptick in settlement and clearing between China and the UK, as London retains title of having the largest share of RMB payments outside of greater China.
Fund administrator steps into custody, middle-office and corporate services, along with management company services through flurry of new acquisitions.
The research explained how, for some firms, most settlement communications still occur through email instead of through secure networks.
The acquisition of the assets marks the continued expansion of Broadridge’s Matrix Financial Solutions for the US pension industry.
Revenue from asset servicing, its largest business, was down 7% in comparison to the first quarter of last year at $1.4 billion