The laissez-faire approach to UCITS principles has riled market regulators following the recent saga with Neil Woodford's flagship fund, which could have long-term consequences on the funds industry. 

Administrators such as Apex and Ultimus Fund Solutions achieved significantly higher ratings from their mutual fund clients, in comparison to their established bank rivals.

The German bank's global head of securities services departs after a year in the role, as Deutsche Bank names successor in New York.

The 29 transfer agents from Ireland and Luxembourg that participated in the survey processed a combined total volume of orders of 39 million last year.

Global custodians are increasingly seeking to evolve their business models, which have traditionally centred on the back-office, to include front-office services.

The high-profile mandate is the latest for Northern Trust’s hedge fund services division, following the launch of new technology products for its hedge fund clients.

The Swedish bank is exploring new services with Brown Brothers Harriman as its assets under custody continue to pile up from the existing relationship.

Following the launch in the UK last year, Citi's Proxymity has processed over $22.5 billion worth of shares during UK shareholder meetings.

A number of blockchain harmonisation initiatives are currently in play at SWIFT, and some version of standards could be agreed upon soon.

State Street's former head of EMEA, Liz Nolan, was named head of its global delivery team earlier this year after a senior leadership reshuffle.