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.
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Over 90% of participants in a research study see increased risk of trade failures, penalties, and market inefficiencies.
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 Global Custodian Directory is a single access point to leading Service Providers.
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.
Clients will benefit from a singular view of their investment portfolios.
Custodian cites an evolving regulatory environment and changing servicing requirements for the decision.
Banks both confirm the deal after Swiss National Bank announced the takeover was to “protect the Swiss economy” in an “exceptional situation” during a weekend to remember in the financial services space.
As a member of the UK’s T+1 settlement taskforce, Pardeep Cassells, head of securities and claims products at AccessFintech, discusses the UK’s next steps versus Europe’s pace, why she’s surprised by the industry’s reaction to the SEC announcement and what lessons we can learn from India’s transition.
Hire has over 20 years’ experience in leading real estate fund operations, including over 10 years at State Street.