HSBC’s former securities services APAC lead takes up CCO role at Calastone
Hire brings 30 years of financial services experience to the role, including 14 years at HSBC.
State Street launches digital proxy voting service in UK & Ireland through Proxymity
Global custodian follows rivals BNY Mellon and Citi in adopting Proxymity services this month.
WTax and Cecabank sign collaboration agreement to digitise tax reclaims and enhance end-investor tax recovery yields
Data collection a key concern for investment managers ahead of T+1
Determining the root cause of fails and extracting accurate data cited as the two biggest concerns for managers in new Gresham Technologies report.
Clearstream rolls out data-based collateral management tool
New platform has been designed to optimise clients’ collateral management positions.
BNP Paribas wins securities lending mandate with Corporación Andina de Fomento
The development bank of Latin America and the Caribbean will utilise BNP Paribas as agent lender for its $1.3 billion portfolio.
Custody revenues from North America and APAC spark best year ever for securities services providers, finds report
Research from Coalition Greenwich reveals 6% growth among the top dozen custodians.
Swift targets corporate actions inefficiencies in new blockchain pilot
Citi and Northern Trust participated in the trial, which could significantly reduce the manual effort and errors in corporate action processing.
UK participants ‘not keen’ on domestic move to T+1 despite ‘inevitability’ of transition
Over 90% of participants in a research study see increased risk of trade failures, penalties, and market inefficiencies.
JP Morgan exec joins Euroclear Bank as head of new collateral management services unit
The newly combined unit will be responsible for client service, onboarding and operations in the collateral management space.
State Street confirms CF Global acquisition
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.
U.S. Bank unveils European ETF servicing capabilities
The roll-out will support clients with fund administration, transfer agency, depository and global custody services.
Fund services round-up: TMF Group, FundGuard, Apex Group and more…
The week’s round up of fund administration news features FundGuard, AllFunds, TMF Group, Crestbridge, Apex Group and IQ-EQ.
Manual processes still widespread in mutual fund industry, finds study
Antiquated technology still provides the backbone for many asset managers’ operations, according to a research study by Calastone.
BNP Paribas supports Riyad Capital’s new client web portal
The platform provides clients with a holistic view of their post-trade activities.
HSBC names new head of asset owners for securities services, Europe, MENA and the US
Appointment has spent 24 years with HSBC, most recently as global head of issuer services.