LATEST NEWS
SEC maintains tough stance on crypto custody rule, but allows some exceptions
In a recent address on 9 September, SEC chief accountant Paul Munter reiterated that the guidelines laid out in SAB 121, introduced in March 2022, will remain firmly in place.
BNP Paribas appointed custodian by €5bn German pension fund VZN
Under the new mandate, BNP Paribas will provide custodial services to Versorgungswerk der Zahnärztekammer Nordrhein (VZN), which manages assets of roughly €5 billion.
Driving the tech-led future
S&P Global's Richard Wilson, product manager, securities services, explains how innovation and scalability are at the heart of the firm's strategy for success.
New asset servicing head for Northern Trust as Cherecwich steps into COO role
A surprise retirement U-turn by another GC Legend will see a new president of asset servicing for the custodian.
Clearstream facilitates full T2S connectivity for Nasdaq CSD
Nasdaq reportedly becomes the first Central Securities Depository (CSD) in Europe to implement this service.
Proxymity and Tumelo partner to enhance shareholder voting
Under the partnership, Proxymity’s digital voting platform will integrate with Tumelo’s pass-through voting technology, to establish a new standard in shareholder communications.
BlackRock to distribute private market funds via Euroclear’s FundsPlace
The collaboration aims to streamline processes for clients, with a view to setting new standards for efficiency in capital raising, distribution, execution and settlement in alternative funds.
Standard Chartered launches digital asset custody service in the UAE
Initially focusing on the two largest cryptocurrencies by market capitalisation, Bitcoin and Ethereum, the service has named Brevan Howard Digital as its first client.
MUFG Investor Services selected by $40bn Nebraska Investment Council for securities lending
Securities lending division of MUFG Investor Services will oversee part of NIC’s $40 billion in investments across various state retirement plans and funds.
MORE NEWS
Transition to T+1 ‘harder than expected’, finds Citi report
Reduction in clearing margin a key challenge for custodians, while European firms report most significant impact of T+1.
BNY to acquire managed account solutions provider Archer as custodian looks to capitalise on rapidly growing space
The acquisition will enhance BNY’s capabilities across the entire managed account ecosystem as its head of asset servicing Emily Portney tells Global Custodian that asset management clients see this as an ‘enormous area of expansion’ that is crying out for traditional servicing.
Lou Maiuri returns with group CEO role at AssetMark Financial Holdings
Former COO and head of investment services at State Street will lead the wealth management technology firm, following the closing of its acquisition by PE firm GTCR.
HSBC’s global head of distribution support and TA product departs for ZILO
Former BNY and Calastone executive brings 30 years’ worth of industry experience to the asset and wealth management fintech.
State Street wins front-to-back office Alpha mandate from $85 billion Australian asset manager Challenger
Challenger switches from previous custodian Citi to opt for State Street’s full front-to-back servicing suite.
Data centralisation and regulation top of mind for custodians – PostTrade 360°
Industry experts discuss how technology – particularly artificial intelligence (AI), data centralisation, and the emerging potential of quantum computing – could reshape custody services.
HSBC’s former co-head of securities services Berman to leave bank
Executive had most recently been global head of institutional sales within HSBC’s markets and securities services business as part of decade with the bank.