The Northern Trust Carbon Ecosystem is driven by Matrix Zenith, the firm's digital assets platform that leverages blockchain technology to manage digital asset lifecycle events.
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.
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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.
Under the new mandate, BNP Paribas will provide custodial services to Versorgungswerk der Zahnärztekammer Nordrhein (VZN), which manages assets of roughly €5 billion.
A surprise retirement U-turn by another GC Legend will see a new president of asset servicing for the custodian.
Nasdaq reportedly becomes the first Central Securities Depository (CSD) in Europe to implement this service.
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.
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.
Initially focusing on the two largest cryptocurrencies by market capitalisation, Bitcoin and Ethereum, the service has named Brevan Howard Digital as its first client.
The Global Custodian Directory is a single access point to leading Service Providers.
Securities lending division of MUFG Investor Services will oversee part of NIC’s $40 billion in investments across various state retirement plans and funds.
Reduction in clearing margin a key challenge for custodians, while European firms report most significant impact of T+1.
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.
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.
Former BNY and Calastone executive brings 30 years’ worth of industry experience to the asset and wealth management fintech.
Challenger switches from previous custodian Citi to opt for State Street’s full front-to-back servicing suite.
Industry experts discuss how technology – particularly artificial intelligence (AI), data centralisation, and the emerging potential of quantum computing – could reshape custody services.