Agreement aims to deepen international investor access to renminbi-denominated assets.
Former chief technology officer for State Street Alpha also held Morgan Stanley, Lehman Brothers, Adobe and Fidelity Investments.
The new office follows approval from Saudi Arabia’s Ministry of Investment and will oversee the firm’s operations and strategy across the region.
The TRADE sits down with Gary O’Brien, head of bank and broker segment strategy, securities services at BNP Paribas, to explore the upcoming shift to T+1 in Europe, how this may impact the industry, and look ahead to how this will align with further developments in the markets.
Assets under custody reached €42.5 trillion, marking a 2.4% sequential increase.
Agreement will see Aegon use Euroclear’s FundsPlace platform to streamline access to mutual funds for UK advisers.
The former custody and product lead brings over two decades of experience across European markets.
BNP Paribas, Deutsche Bank, JP Morgan and Morgan Stanley are among the banks taking a 20% ownership stake, in exchange for £170 million in the deal.
The Global Custodian Directory is a single access point to leading Service Providers.
Assets under custody/administration edge up to $18.2 trillion as revenue and profit margins strengthen.
Momentum builds as the custodian accelerates the implementation process for new clients.
The mandate forms part of GPIF’s ongoing efforts to improve transparency and performance across its alternatives portfolio.
The former Credit Suisse executive joins SSImple after almost a year at Taskize.
The pilot aims to digitise private market processes and improve operational efficiency through DLT-powered automation.
Agreement covers services including accounting, reporting, and unit pricing for UK-based real estate funds, and has expanded to additional asset classes and jurisdiction.
Executive will oversee all business lines to “enhance cohesion” across the region.