DTCC appoints clearing and securities services strategist from BlackRock
New appointment will oversee the strategic planning across the firm’s clearing and securities services unit.
DTCC presented with Industry Leadership Award for T+1 execution
Honour presented to the market infrastructure provider at Global Custodian’s Industry Leaders event in New York last night.
Global Custodian honours State Street’s Ronald O’Hanley with Lifetime Achievement award
Annual award honours the most influential figures in the global securities services industry, recognising long and impactful careers.
BBH unveils multiple upgrades to transfer agency platform
Custodian seeks to increase efficiency and transparency through range of advancements.
Northern Trust opens new US asset servicing hub in Boston
The office will be one of three US locations for the custodian, along with Chicago and Tempe, Arizona.
Settlement
EU proposes October 2027 for T+1 switch
Migration aligns with the UK’s proposed switch, with ESMA pointing to the efficiency and resiliency benefits of the move.
UK sets course for modernised financial system as Chancellor unveils plans for digital gilts
As CSD, Euroclear will work closely with the government to explore design choices, following similar initiatives in other jurisdictions.
State Street sees 23% reduction in ETF daily cash collateral as a result of T+1
To further accommodate the switch to a shortened settlement cycle, the custodian also made two enhancements to its ETF service model.
Fireside Friday with… Apex Group’s Peter Hughes
Global Custodian sits down with founder and CEO of Apex Group, Peter Hughes, to discuss the strategic direction of the firm and how the organisation views the increasing retailisation of private markets.
BNP Paribas posts 6% uptick in securities services revenue in Q3
Total represents the highest quarterly revenue total for the business, and the fifth consecutive quarter of growth.