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. 

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. 

Enhancement adds local paying agency capabilities for European debt capital markets.