Internal promotion follows the departure of network management specialist with over 30 years’ experience at the likes of State Street, Citi and BBH.
Latest Global Custodian league table shows mixed results for the leading custodians’ AUC/A in the fourth quarter, while total annual revenue across the top providers crosses $40 billion for the first time.
Sponsored message from Northern Trust
Private markets investing continues to move towards the mainstream of the funds industry – with intense competition, investor appetite and digitisation helping drive efficiency and innovation throughout the financial ecosystem, says Clive Bellows at Northern Trust.
In addition to acquiring a minority stake in EquiLend, BNY will join the 1Source initiative as an initial user.
The exchange said the development comes as part of its goal to tackle post-trade fragmentation in Europe and open up new trading and investment opportunities.
Citi’s former global head of fund services and former global head of securities finance among the appointments.
The Hillerød-based ATP will benefit from enhanced operational efficiencies, improved data integration, and streamlined asset servicing solutions tailored to its evolving needs.
Under the mandate, the two digital asset custodians will oversee the custody and management of Bitcoin collateral, offering security and operational support.
Set to launch in April, the offering will integrate digital asset custody and settlement within Clearstream’s existing infrastructure.
Annual awards ceremony to be held at The Savoy, London on 15 May, recognising custodians, market infrastructures and technology providers.
The Global Custodian Directory is a single access point to leading Service Providers.
Fund processing costs are projected to rise by 32% over the next three years, presenting a growing challenge for firms to modernise.
This week’s securities finance round-up features Crédit Agricole, Pan Asia Securities Lending Association (PASLA), International Securities Lending Association (ISLA), Bank of Canada, London Reporting House (LRH) and DataLend.
The decision is the latest in a string of positive developments for US custodians looking to push forward with their digital asset strategies.
Adrian Whelan, managing director and global head of market intelligence at Brown Brothers Harriman (BBH), discusses DORA's extraterritorial impact, regulatory influence, and challenges, along with the evolving role of tokenisation in institutional finance.
Under the tie-up, Northern Trust will integrate the TCS BaNCS global securities platform to standardise settlement processes and enhance operational efficiency.
Implementation of performance technology is designed to provide rich performance analytics and fixed income attribution capabilities.
Having secured a 49% stake in Inversis, the firm will now move forward with acquiring the remaining 51% to complete the purchase.