The chief executives of BNY and State Street both say it’s business as usual with regards to client activity and new mandates despite the uncertainty of the macro environment.
Former Citco, Citi and BNY executive will head up newly merged global fund services and corporate trust teams.
Replacement follows planned retirement of incumbent global head of sales for asset servicing, revealed by Global Custodian last week.
Industry veteran had been with Northern Trust since 2008 after 20 years with BNY.
Servicing fee revenue up 6% year-on-year for State Street along with new back-office wins and an Alpha mandate.
Despite the positive participation, study reveals a limited amount of planned activity in 2025.
The first episode of the new series is now available, featuring an interview with Chainlink co-founder, Sergey Nazarov, discussing how traditional and decentralised finance are converging to redefine global capital markets.
Vesper said it was impressed by the scope of the asset servicer’s business proposal.
Panel titled ‘The future of custody roadmap’ will take place on 15 May at The Savoy in London.
The Global Custodian Directory is a single access point to leading Service Providers.
Asset servicer to deliver global custody, fund accounting, regulatory reporting, compliance monitoring, cash management services, collateral management, securities lending, and data solutions to Singapore insurer with SGD40bn in assets.
First quarter revenue ends a remarkable run of 17 consecutive quarters of year-on-year growth for the custodian.
Strong start to the year for JP Morgan’s securities services business which reports revenue and assets under custody growth.
Year-on-year uptick stems from increases across all securities services units as AUC/A also rises again.
The introduction of stock lending represents an expansion of the existing relationship between BNY and eToro.
Initiative enables use of crypto and tokenised money market funds as off-exchange collateral, with Franklin Templeton and Brevan Howard Digital among early participants.
Cboe Clear Europe among first users of platform supporting centrally cleared SFTs.