Custody | October 13, 2017 11:40 AM GMTCustody’s new realityFor decades the custody world has operated in the same way, with the same systems and same technology. However, in this new era of technology advancements, data requirements and automation, custodians are adapting and transforming.
FeaturesOctober 19, 2017 8:50 PM GMTRegulators urged to step up in blockchain driveExperts believe regulators should be more involved in helping the industry develop distributed ledger technology (DLT) and artificial intelligence (AI).
CustodyOctober 19, 2017 8:40 PM GMTNew BNY Mellon chief targets improved ETF asset servicing businessThe BNY Mellon CEO said it needs to improve services for ETFs to keep up with rival custodians in the segment.
Fund AdministrationOctober 19, 2017 7:50 PM GMTApex acquires Deutsche Bank’s Alternative Funds Services businessThe takeover will propel Apex into the top ten administrators in the world, with the deal more than doubling its assets under administration (AuA).
CustodyOctober 19, 2017 7:10 PM GMT‘Low-risk’ processes providing perfect DLT starting pointProxy voting and corporate actions was highlighted as a perfect starting point for securities services firms to implement DLT platforms.
TechnologyOctober 19, 2017 2:50 PM GMTECB concerned by acceleration of technology changesSenior ECB advisor expressed concern over the development of a utility settlement coin project currently being backed by the top custodians.
Market InfrastructureOctober 18, 2017 3:05 PM GMTThe challenge of duplicationThomas Zeeb, CEO of SIX Securities Services, speaks to Global Custodian on whether the post-trade world can move beyond the search for scale.
Market InfrastructureOctober 18, 2017 2:05 PM GMTASX blockchain project lauded as ‘big moment’ for the industryThe ASX will decide on whether to go ahead with replacing its post-trade system with a blockchain early next year.
TechnologyOctober 17, 2017 7:38 PM GMTAI will remove ‘boring’ tasks rather reduce headcount, say expertsCustody banks are focusing AI implementation on routine, rules-based manual tasks within securities services.
CustodyOctober 17, 2017 2:53 PM GMTIberclear signs global custody deal with CitiDeal will enable Spanish CSD clients to access T2S with asset safekeeping.
CustodyOctober 17, 2017 12:45 PM GMTAlgomi signs deal with custody banks to aid bond liquidityPartnership means dealers will be able to tap database of custodians on behalf of buy-side clients.
TechnologyOctober 17, 2017 12:31 PM GMTBroadridge completes blockchain pilot for repo tradesPilot will improve efficiency and reduce risks in repo trading.
CustodyOctober 16, 2017 9:01 PM GMTBNY Mellon sees middle-office, ETFs as next asset servicing battlegroundCustodians are seeing new demands from asset managers clients that have shifted their investment strategies to ETFs.
TechnologyOctober 16, 2017 8:50 PM GMTJP Morgan security chief warns that cyber defences ‘will fail’Cyber experts speaking at Sibos argued that firms should prioritise resiliency and recovery over prevention.
CustodyOctober 16, 2017 4:20 PM GMTState Street picks Deutsche Bank as T2S custody partnerState Street will use Deutsche Bank's Settlement Hub to directly access and provide custody services in core T2S markets.
Market InfrastructureOctober 16, 2017 3:48 PM GMTWe’ve ‘come too far’ to replace T2S with blockchain, says BBVABBVA securities services head believes the industry has come too far in implementing T2S to replace it with blockchain technology.
Fund AdministrationOctober 16, 2017 2:05 PM GMTSS&C completes takeover of CommonWealth Fund ServicesThe takeover of the $8 billion fund administrator expands SS&C’s footprint in the Canadian market.
TechnologyOctober 16, 2017 1:50 PM GMTBNP Paribas Securities Services to use blockchain for corporate actionsBlockchain-based platform will provide fast and accurate dissemination of corporate events.
Market InfrastructureOctober 16, 2017 1:45 PM GMTClearstream and Deutsche WertpapierService Bank partner for T2SDeutsche WertpapierService Bank will implement Clearstream’s T2S services as it is rolled out on a market-by-market basis.
People MovesOctober 16, 2017 1:44 PM GMTNorthern Trust appoints relationship management head in the UKAndrew Brown joins Northern Trust from Tesco Pensions Investments where he worked in a consulting role.
FeaturesOctober 13, 2017 9:57 AM GMTPrivate capital managers warming to switching administratorsDissatisfaction levels among private capital managers with their administrators have risen, and some are considering switching providers.
CustodyOctober 12, 2017 1:40 PM GMTJP Morgan’s Q3 securities services revenues hit $1bn markJP Morgan’s securities services business revenues up 10% year-on-year in Q3.
TechnologyOctober 12, 2017 10:50 AM GMTBlackRock prepares private blockchain with custodiansWorld's largest asset manager is in the testing phase of a private blockchain through Aladdin with custody banks.
CustodyOctober 11, 2017 1:57 PM GMTNorthern Trust hires new Netherlands head from BlackRockHerman Prummel will lead business development, sales and client activities for Northern Trust’s asset servicing business in the country.
Securities FinanceOctober 11, 2017 11:02 AM GMTClearstream and Pirum to automate collateral exposure for buy-sideAutomated solutions for valuing collateral has become a pressing need for the buy-side since the onset of stricter margin rules.
FeaturesOctober 10, 2017 1:20 PM GMTSibos preview: Canada's unscathed custody marketAs the global financial world flirted with collapse in 2008, Canada’s banking system came out not only relatively unscathed but enhanced. How has this faired on its custody industry?
Securities FinanceOctober 10, 2017 10:32 AM GMTJP Morgan eyes further automation for agency lending deskBen Challice joined JP Morgan as global head of agent lending and collateral management in a newly created role.
Securities FinanceOctober 09, 2017 1:25 PM GMTCowen completes integration of Convergex Prime ServicesCowen Group agreed to buy Convergex Execution Services and its prime brokerage business in April for $116 million.
TechnologyOctober 09, 2017 10:50 AM GMTBNP Paribas Securities Services adopts AI for trade processingAI and machine learning is increasingly becoming commonplace within the securities services, particularly for repetitive and manual processes.