The most active M&A space in securities services is also one of the ripest for growth, while the fiercely competitive nature of the different players makes for an entertaining area of the market to observe.
State Street’s $3.5 billion acquisition of BBH’s Investor Services unit is a landmark moment in the custody industry and could also be the start of a wave of moves which could see more M&A activity amid an ongoing challenging environment of low margins and minimal revenue increases for some of the world’s largest banks.
COVID couldn’t stop the active to passive migration, but could new vehicles flip the script?
JP Morgan has spent the past few years replatforming its global alternatives investment services business. Now this project is complete, the bank is ready to make a statement.
All custodians have an ESG data and analytics offering now, equipped with a narrative about its importance for a better world. But how are custodians differentiating their service from their peers, can you win mandates based on these capabilities, and can the services be a revenue generator in its own right?
With assets under management in ETFs nearing $9 trillion, innovation has taken off with products focusing on everything from ESG to Bitcoin. A growing number of asset managers are also converting mutual funds into actively managed ETFs, and interest in non-transparent ETFs is beginning to rise following their introduction last year. How are service providers catering for this innovation and what are the pressing needs from providers to support these products?
Global Custodian goes under the hood of the Boston-based private bank to examine how it is seeking to retain business with existing clients, the challenges it faces from technology and regulation, and in the possibility that BBH does agree to sell the custody business, who could be in a position to strike a deal.
In the face of increasing regionalisation of sub-custody services, how are single market providers future-proofing their business? Following up on part one of our take on regional sub-custodians, Richard Schwartz investigates how single market providers are competing
Traditional asset managers increased their allocations to private market strategies in light of impressive returns and a need to counter the mounting pressures they face. Charles Gubert takes a look at how custodians are adapting their legacy servicing relationships to meet this trend, and how the technology platforms of both clients and providers will adapt.
On Earth Day, we reflect on the evolution of ESG, a concept which has transitioned from an afterthought to a mainstream consideration for asset servicers and their clients.
Brexit, the pandemic and regulation have had profound impacts on three fund domiciles in particular, making for a story of break-ups, new beginnings and deepening rivalries, adding a dramatic twist to Europe’s fund landscape story, writes Jonathan Watkins.
Is the growth of regional sub-custody offerings a response to client demand or an inevitable development path dictated by economics?
Following the UK’s official exit from the EU single market, regulators on both sides of the Channel appear to be splitting on post-trade regulations. What are the potential consequences for this on the post-trade industry?
Asset managers are increasingly turning to providers that can help them leapfrog their own legacy technologies in order to compete for the next five to 20 years.
Margin compression, new markets, and COVID-19 has created huge strains for asset managers, forcing them to review their investment operations. What solutions will firms look to turn to as they aim to transform their operations?