RBC I&TS’ global head of product and client experience steps down
Experienced lead to depart from RBC I&TS ahead of the sale of the firm’s European operations to CACEIS.
Fund services round-up: Alter Domus, Apex Group, Ultimus and more…
The week’s round up of fund administration news features Alter Domus, Apex Group, Gamma Fund Services, IQ-EQ and Ultimus.
WTax and Cecabank sign collaboration agreement to digitise tax reclaims and enhance end-investor tax recovery yields
Broadridge and Investor Communications Japan to launch new service for electronic proxy voting platform
In the 2022 Japan proxy season, 1,654 companies listed on the Tokyo Stock Exchange participated in the platform, representing 90% of the companies in that market.
Clearstream receives QFI status in Korea to operate omnibus account structure for bonds
Awarding of QFI status follows MOU signed by Clearstream and the Korea Securities Depository in December 2022.
BNP Paribas appointed custodian by Dutch mortgage guarantee scheme
The bank will provide custody and administration services along with regulatory and sustainability reports.
Australian regulators commence investigation into CHESS replacement project
ASIC looks into the post-trade replacement project which ASX walked away from in its current form after six years of work.
Northern Trust enhances NAV workflow communications with digital platform
Developed with Appian, the platform is designed to provide managers with enhanced efficiency and oversight.
DTCC names new clearing and securities services president in executive reshuffle
New CFO also joins DTCC with a wealth of experience at the likes of State Street and BNY Mellon.
Citi rolls out securities lending platform in the Nordics
Launched in partnership with Sharegain, the solution digitises and automates the whole securities lending lifecycle.
Northern Trust selected as custodian for €2.3bn Dutch pension scheme
POB is a public sector scheme dedicated to the library sector in the Netherlands with approximately 25,000 members.
HSBC’s former securities services APAC lead takes up CCO role at Calastone
Hire brings 30 years of financial services experience to the role, including 14 years at HSBC.
State Street launches digital proxy voting service in UK & Ireland through Proxymity
Global custodian follows rivals BNY Mellon and Citi in adopting Proxymity services this month.
Data collection a key concern for investment managers ahead of T+1
Determining the root cause of fails and extracting accurate data cited as the two biggest concerns for managers in new Gresham Technologies report.
Clearstream rolls out data-based collateral management tool
New platform has been designed to optimise clients’ collateral management positions.
BNP Paribas wins securities lending mandate with Corporación Andina de Fomento
The development bank of Latin America and the Caribbean will utilise BNP Paribas as agent lender for its $1.3 billion portfolio.