Transaction intended to create a global fund services player, combining Allfunds’ distribution capabilities with Deutsche Börse’s custody and settlement infrastructure.
Over the year, State Street secured four Alpha mandates, and $484bn in new servicing AUC/A wins, with the majority coming from insurance clients and asset managers.
Strong growth in ETFs and private markets, alongside accelerating momentum in Asia, were key drivers of BNY’s 2025 performance, as the bank maintains a disciplined openness to M&A.
The deal is an extension of a long-standing relationship between the two organisations, and will be managed by the custodian’s Guernsey team.
Wide-ranging mandate covers custody, administration, middle-office and depositary services for new ELTIF in France.
Assets under custody/administration reach $59.3 trillion, as the global bank rounds off stellar year.
Executive will work closely with Chris Cox, head of investor services, and will be responsible for tech platforms spanning custody, fund services and securities finance.
Incoming hire brings more than 20 years’ experience to the role, with a career largely based in the Nordic region.
Former State Street executive joins Clearwater Analytics as market principal – asset owners.
Incoming hire served for over 17 years at BNY across a range of senior fund accounting roles.