Northern Trust expands Saphyre partnership to support IOO clients
Collaboration targets end-to-end automation and transparency for investment operations outsourcing clients.
Collaboration targets end-to-end automation and transparency for investment operations outsourcing clients.
Former JP Morgan global custody leader joins from BNP Paribas, where he led the Americas securities services business.
New servicing fee revenue wins reached $56 million during the quarter, driven primarily by back-office mandates and alternative asset servicing.
AUC/A remained flat from the previous quarter, while the bank details efficiency gains of AI adoption across the business.
Growth was driven by a combination of higher fee income and improved interest dynamics, according to the bank.
The appointment reflects Apex Group’s continued investment in Luxembourg, its largest operational hub, as it looks to scale its delivery platform across fund and corporate services.
Experienced executive rejoins BNY after a decade at HSBC, where she held a number of senior roles including head of client development and global head of securities services sales.
The structure reflects continued demand for physically-backed gold products, as well as Singapore’s growing role as a regional centre for precious metals trading and custody.
Move to Datum One Series Trust deepens long-standing relationship as the asset manager scales its US mutual fund strategy.