JP Morgan posts robust Q2 securities services results as revenue and AUC jump
Custodian builds on a record 2024 and strong Q1 with revenue and assets under custody increases.
Former State Street and Citco alternatives head joins Gen II
Alternatives specialist takes on dual role at private capital fund administration in the UK.
ECB outlines plans to settle DLT transactions using central bank money
European Central Bank (ECB) commits to distributed ledger technology settlement plans with dual-track strategy including link with TARGET Services by Q3 2026.
EU finalises high-level road map for T+1
The Committee’s 60-page report contains recommendations for market participants in the EU for transitioning to a shorter settlement cycle.
Prometheum Capital gains approval to offer clearing services for blockchain-based securities
Approval positions Prometheum to support broker-dealers in custody and settlement of on-chain securities as blockchain adoption in capital markets grows.
BNP Paribas acquires HSBC’s custody and depositary bank business in Germany
The custodian continues to show its securities services ambitions in Europe through this deal with client transition set to start in 2026 and staff employed at HSBC’s Germany custody and depositary team transferring to BNP Paribas’ Securities Services business.
New State Street research claims the lines between front- and back-office data are blurring
Survey of over 900 buy-side organisations shows back-office data being used for front-office commercial priorities, while a surprisingly small percentage see GenAI adding value to the back-office both now and in the future.
People Moves
BNP Paribas names new head of securities services with Patrick Colle set to move to chairman role
New securities services head, effective 1 January 2026, will be familiar to the custody industry having previously served as head of Americas for securities services for BNP Paribas.
Euroclear names new chief commercial officer for APAC
Former HSBC executive to add to Euroclear’s growing presence in Asia Pacific.
State Street wins fund servicing and transfer agency mandate from COtwo Advisors
Asset servicer to support the first US-listed physical carbon allowance ETP with a full suite of exchange traded fund (ETF) solutions.