BNY Mellon wins custody deal from major US corporate asset owner
BNY Mellon's CEO and chairman, Todd Gibbons, revealed the mandate win after the bank posted a jump of 21% in AUC/A.
Apex Group receives equity investment from Carlyle and Mubadala
Carlyle expands existing relationship with Apex Group with additional investment while Mubadala joins as a new investor.
Fund Administration
Fireside Friday with… BBH’s Chris McChesney and Ainun Ayub
GC speaks to BBH'S alternatives fund services product executives, Chris McChesney and Ainun Ayub, on how alternatives fund managers are coping with their new operating environment and the changing dynamic between client and service providers.
Trade associations demand SDR delay following recent EC communication
AFME, ISDA and ISLA among trade bodies to deliver the concise message of delay the settlement discipline regime.
BNY Mellon sees custody assets jump by over a fifth, while asset servicing revenues fall
The jump in AuC/A values reflected higher market values, net new business and the favourable impact of a weaker US dollar.
Goldman Sachs, JP Morgan forge ahead with hedge funds units after record balances
The two US banks have been relatively unscathed by the blow-up of hedge fund Archegos Capital in March, which resulted in losses of over $10 billion for Wall Street.
Eurex expands direct access for hedge funds to cleared repo business
According to Eurex, giving a greater range of market participants direct clearing house access will deliver tangible efficiencies to their repo operations.
Real estate administration outsourcing levels on the rise, finds new research
After the rise in back-office outsourcing from private equity funds to administrators in recent years, it appears real estate investment managers could see the next spike.
SS&C wins transfer agency mandate for Eurizon’s new UK funds
The asset manager will leverage SS&C’s flagship investor services platform to support the launch of two funds with €61 million of assets.
Battle for the trading desk: revisited webinar – Q&A
Participants in The TRADE and Global Custodian's recent outsourced trading webinar answer some of the questions from the audience.