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On the up?

Global custodians are emerging from the doldrums and have reported consistent increases in terms of revenues and assets under custody (AuC). Regulation has caused unprecedented demand for back and middle office services provided by custodians. In theory, the industry should see a rise in fees. According to data c

Growing pains

South Africa is rapidly emerging as the continent’s premier hedge fund jurisdiction, and its development is in line with the broader African growth story. Assets under Management (AuM) currently stand at roughly $4.3 billion (at June 2014), an increase from $3.3 billion in June 2013, according to research by Novare

A Region in Question

Infrastructure changes and shortened settlement cycles across Central and Eastern Europe have simplified the region for investors, leaving asset services as the only area where the game can be won.

AIFMD and question of China and Greece

The macroeconomic instability and volatility prevalent in China and Greece has caused alarm among market participants. Greece’s descent into pandemonium – namely the imposition of capital controls, restrictions on bank withdrawals and revelations of (never implemented) covert plans to raid Central Bank reserves and

Tumultuous Conditions

Latin America’s custodian banks are stretching to accommodate a growing local client base, increasingly nervous overseas investors, whilst tap-dancing across the shifting regulatory sands.

Going forward

Looking forward, the Middle East is abound with opportunities. Perhaps, one of the bigger opportunity sets for institutional investors and fund managers lies with Iran. The Tehran Stock Exchange (TSE) boasts a market capitalisation of approximately $118 billion, putting it only marginally behind that of Abu Dhabi.

Network Managers: All change

Market and regulatory changes, as well as index provider reclassifications, are prompting securities services providers to reassess their network management function.

All Eyes to the East

With the MSCI having reclassified several emerging markets recently, what could cause further movement in other frontier markets in the coming years?

The Difference a Year Makes

There has been much excitement about investment opportunities in Qatar and the United Arab Emirates (UAE) following the decision by index provider MSCI to upgrade these countries from frontier market status to emerging market status in 2014. Standard & Poor’s followed suit on September 22, 2014. As such, this e

What an Integrated Network Team Looks Like

Since the integration of corporate and investment banking at Société Générale, Mathilde Guerin, global head of GBIS Network Management, Société Générale, is responsible for a broader network management function covering investment banking, securities services, private banking and more recently Newedge Prime Service

Harnessing Intelligence

When investing in frontier markets, obtaining and harnessing local intelligence can make the difference between huge risk and huge return. For Karine Hirn, partner and co-founder of Stockholm-based East Capital, the process of encouraging their global custodian to use this intelligence for their investment has bee

Exploring New Frontiers

"Frontier markets have a lot of allure for investors, they are almost like the Indiana Jones markets for investing – exciting and mysterious,” says Peter Marber, head of Emerging Markets Investment at Loomis, Sayles & Co. Frontier markets are attractive as a concept, Marber argues. They offer attractive yield

Frontier Markets: Short-term pain for long term gain

Mark Mobius, chairman, Templeton Emerging Markets Fund, has been a strong advocate of the contribution that foreign portfolio investment can make to economic growth. As volatility returns to global equity markets, he remains upbeat. Are frontier markets in your view still a distinctive investment category? Whil

GC Perspective(1)

Deutsche Bank GTB has launched a new integrated solution for processing hybrid funds. Combining its loan and fund administration platforms, Deutsche Bank will offer a seamless service for these increasingly popular and complex fund structures. Global Custodian speaks to Deutsche Bank’s Tim Fitzgerald, head of Alter