The world’s largest custodian recorded revenues of $4.2 billion in the quarter, up by 9% year-on-year.
Northern Trust has become the custodian-of-choice for UK local government pension funds, having won eight other LGPS mandates.
The new account will bring around 80% of the custody and settlement volume of T2S markets onto Clearstream’s Investor CSD services.
MUFG Investor Services has reportedly hired Citco’s head of sales for EMEA in a similar role, who will join in the summer.
RBC's James Daigle will retire in May 2018 after serving 30 years with the Canadian bank.
Half a dozen major custodian banks take home double honours or more from Global Custodian’s Leaders in Custody awards.
BNY Mellon has recently made a number of moves in Europe as part of a revamp of the business in the region.
For the first time, trade reporting requirements will be imposed on repos and other securities financing transactions.
Apex brings on 25-year fund administration expert that helped build the alternative investment business development sales group at SS&C GlobeOp.
Deutsche Bank names new head of securities services to be based in Dublin.
Recent appointments to the business has signalled a boost in its global capabilities and providing a one-stop shop for hedge funds.
Jamie Dimon praises securities services segment which produces 16% rise in revenues during Q1 2018.
Global Custodian is conducting a short (anonymous) survey on perceptions of risk and value in securities services. It shouldn’t take more than five to 10 minutes to complete. To participate: Click here
Ashish Chauhan is the MD and CEO of BSE, paradoxically both the oldest exchange in Asia and the fastest exchange in the world with six micro seconds response time. Global Custodian asked him about his strategy.
Regulators in China and Hong Kong agree to increase the daily quotes for both Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programmes.