Former hedge fund CEO rejoins Custom House
David Barry will be responsible for the oversight and management of Custom House’s global administration team.
Robotics-focused ETF selects BNY Mellon as custodian
The ROBO Global Robotics and Automation Index ETF has seen its assets double in the last five months to reach over $2 billion.
IBM study slams derivatives clearing, prime brokerage systems
The study explained outdated systems used by clearing banks and prime brokers are not fit for purpose for today’s current regulatory environment.
Custody
GC Industry Person of the Year 2018 shortlist announced
Global Custodian's 2018 Industry Person of the Year shortlist is revealed, recognising four individuals that have gone above and beyond in the year.
Euroclear tentatively proposes new Irish CSD
Euroclear has cautiously proposed establishing a new central securities depository (CSD) in Ireland, with the option to explore other post-Brexit avenues.A new white paper from Euroclear has set out...
DNB Bank to shut foreign custody business
Increased competition from its Nordic rivals has created a tougher environment for DNB to secure international sub-custody clients in the country.
Growth in non-liquid funds forcing prime brokers to diversify
Deutsche Bank's survey showed demand for hybrid private equity/ hedge fund vehicles have seen an upward trend, with 38% of respondents investing in these products.
SS&C GlobeOp sees increased growth from private equity administration
Private equity assets made up a third of SS&C's $1.52 trillion assets under administration in 2017.
Collateral and ETF services spur strong Euroclear results
The results mark a good first year for new chief executive officer Lieve Mostrey, who took over on 1 January last year.
JPX goes live with Cinnober clearing system
The newly launched JPX clearing system includes real-time clearing and risk technology services.