Sales teams across prime finance and the futures, clearing and FX prime brokerage will be merged alongside the new appointment.

The hire takes the total number of former Deutsche Bank securities lending staff to join the Japanese asset servicer to around 20.

The new acquisition follows IQ-EQ’s launch of a dedicated funds business in Ireland earlier this year.  

The move comes as custodians review their legacy technology platforms in order to cater for the many nuances and complexities inherent in private markets.  

The project, named Convergence, includes the migration of CLSSettlement onto its Unified Services Platform (USP).

CACEIS will use Broadridge’s enhance Global Proxy Voting platform for its German domestic and cross-bprder custody operations.

The appointment follows a spree of global custody mandates won by HSBC in the UK.

BNP Paribas names new global head of prime services as it looks to finalise transition of Deutsche Bank’s prime brokerage and electronic equities clients.

The Code will place greater importance on the use of PvP settlement mechanisms and promote the use of automated settlement netting systems.

State Street reported two new Alpha deals, including LGIM and Invesco, as well as five Alpha client mandates that went live at the end of the second quarter.