DTCC appoints head of asset services from BNY
Former JP Morgan and BNY executive will be responsible for the strategic direction, performance and transformation of DTCC’s global asset services business.
Market Infrastructure
DTCC’s tokenisation play: One giant leap for market infrastructure
With regulatory backing secured, DTCC is laying the groundwork for its flagship tokenisation platform to launch later this year. GC editor Chris Lemmon sits down with Nadine Chakar, global head of DTCC Digital Assets, to discuss the roadmap and the market’s state of play.
Euroclear turnover jumps 20% in 2025 to €1.4 quadrillion
Russian sanctions and countermeasures continue to impact the business, with a €342 million provision being taken “given material risks and uncertainties”.
Carne Group secures investment from Permira
Capital injection values the business at €1.4 billion and is expected to accelerate the development of Carne’s technology platform, Curator.
Former JP Morgan and Deutsche Bank exec takes up senior fund admin role at Juniper Square
Executive brings more than 20 years of experience leading global sales and business development teams across financial services.
Citi poaches NAM head of custody commercial management & client engagement from JP Morgan
Experienced executive brings more than 25 years’ experience to the role, across senior roles at JP Morgan and BBH.
BNY secures operating model mandate with Jupiter
As part of the arrangement, Jupiter has consolidated back-office services for its offshore jurisdictions with BNY and outsourced its middle-office operations.
Northern Trust asset servicing revenue up 6.4% in 2025
Assets under custody and administration (AUC/A) rose to $18.7 trillion, up 3% sequentially.
Funds industry
Deutsche Börse inks €5.3bn Allfunds acquisition
Transaction intended to create a global fund services player, combining Allfunds’ distribution capabilities with Deutsche Börse’s custody and settlement infrastructure.
State Street hits record servicing fee revenue of $10.9bn in 2025
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.