CEO Jane Fraser describes the firm as ‘the undisputed leader’ within the services space, with a model ‘almost impossible to replicate’.  

Executive to leave role after more than two years at HSBC, having previously spent nearly a decade at State Street working across digital asset strategy and product development. 

Assets under custody and/or administration rise marginally from the second quarter, while revenue growth is supported by higher client activity, new business and market values. 

Former Fundbank executive returns to Northern Trust after more than 20 years the custodian, where he held senior roles in client coverage and relationship management. 

Executive will take charge of Clearstream Fund Services’ digital strategy, spanning fund distribution, DLT-enabled processing and private markets automation. 

Workflow takes tokenised US Treasuries beyond settlement and into collateral financing, as BNY prepares to extend settlement hours across markets. 

Executive joins Apex Group from Clearstream’s fund distribution platform, bringing more than 25 years of experience across fund distribution and financial market infrastructure. 

Collateral Central Beta marks the first phase of a wider overhaul of the bank’s tri-party collateral offering, with further capabilities planned. 

Growth in AUC/A and higher fees drove the increase, as Citi CEO Jane Fraser hailed the bank’s ‘best third-quarter revenue in a decade’.