Custody revenues from North America and APAC spark best year ever for securities services providers, finds report
Research from Coalition Greenwich reveals 6% growth among the top dozen custodians.
Swift targets corporate actions inefficiencies in new blockchain pilot
Citi and Northern Trust participated in the trial, which could significantly reduce the manual effort and errors in corporate action processing.
WTax and Cecabank sign collaboration agreement to digitise tax reclaims and enhance end-investor tax recovery yields
UK participants ‘not keen’ on domestic move to T+1 despite ‘inevitability’ of transition
Over 90% of participants in a research study see increased risk of trade failures, penalties, and market inefficiencies.
JP Morgan exec joins Euroclear Bank as head of new collateral management services unit
The newly combined unit will be responsible for client service, onboarding and operations in the collateral management space.
State Street confirms CF Global acquisition
Deal, first revealed by Global Custodian's sister publication The TRADE in February, is expected to close by end-2023 and will bump State Street into the ranks of outsourced trading giants such as Northern Trust and UBS.
U.S. Bank unveils European ETF servicing capabilities
The roll-out will support clients with fund administration, transfer agency, depository and global custody services.
Fund services round-up: TMF Group, FundGuard, Apex Group and more…
The week’s round up of fund administration news features FundGuard, AllFunds, TMF Group, Crestbridge, Apex Group and IQ-EQ.
Manual processes still widespread in mutual fund industry, finds study
Antiquated technology still provides the backbone for many asset managers’ operations, according to a research study by Calastone.
BNP Paribas supports Riyad Capital’s new client web portal
The platform provides clients with a holistic view of their post-trade activities.
HSBC names new head of asset owners for securities services, Europe, MENA and the US
Appointment has spent 24 years with HSBC, most recently as global head of issuer services.
BNP Paribas signs accounting partnership with Clearwater Analytics
Clients will benefit from a singular view of their investment portfolios.
State Street cuts ties with digital asset custody specialists Copper
Custodian cites an evolving regulatory environment and changing servicing requirements for the decision.
UBS agrees landmark takeover of Credit Suisse after intervention from Swiss authorities
Banks both confirm the deal after Swiss National Bank announced the takeover was to “protect the Swiss economy” in an “exceptional situation” during a weekend to remember in the financial services space.
Fireside Friday with… AccessFintech’s Pardeep Cassells
As a member of the UK’s T+1 settlement taskforce, Pardeep Cassells, head of securities and claims products at AccessFintech, discusses the UK’s next steps versus Europe’s pace, why she’s surprised by the industry’s reaction to the SEC announcement and what lessons we can learn from India’s transition.
State Street’s head of real assets servicing departs for CBRE
Hire has over 20 years’ experience in leading real estate fund operations, including over 10 years at State Street.