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SUB-CUSTODY
A SHIFTING LANDSCAPE
THE NOMINEES
The top performers across Asset Servicing and Risk Management across Global Custodian’s Agent Banks Surveys honoured.
THE NOMINEES
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Watch The Awards
The top performers across Asset Servicing and Risk Management across Global Custodian’s Agent Banks Surveys honoured.
HAVE YOUR SAY
WHO IS YOUR INDUSTRY PERSON OF THE YEAR?
SPONSORS
Watch
Watch The Awards
We’d to thank this year’s sponsors
Tech Talks
Watch
Watch The Awards
A series of videos showcasing the winners of our Innovation Awards 2021
Innovation in Post-Trade Digitalisation: IHS Markit
IHS Markit has transformed its post-trade digital portal putting digital solutions at its core and becoming a key component in a firm's digital journey where legacy technology continues to hamper transformation programs. Richard Wilson, director, corporate actions & securities processing discusses the solution, client reaction and how IHS Markit has used APIs in the offering.
Innovation in Regulatory & Compliance Solutions: Maples Group
Maples Group’s tailored AML records management system, Alpha, centralises KYC workflows and investor data, to fulfil AML obligations on behalf of fund manager clients. Purpose-built for the requirements of offshore alternative investments, Tyler Kim, Global head of fund services, discusses Maples’ legacy of developing proprietary solutions, the standout features of Alpha and how the service has been rolled out.
Innovation in Client Contracting: BNY Mellon
BNY Mellon worked with artificial intelligence (AI) platform, Evisort to remove pain points in the contractual process for its custody clients. Noam Tasch, global head of digital partnerships, discusses the need for an innovative solution like that and how it’s solving problems for clients.
GC Legends
Hear from the latest inductees to our GC Hall of Fame through this podcast feature.
GC Legends
Watch
Watch The Awards
Hear from the latest inductees to our GC Hall of Fame through this podcast feature.
Reto Faber
Reto Faber, managing director, head of direct clearing and custody, EMEA at Citi, discusses his 30 years with the world's largest sub-custodian and some of the achievements and milestones along the way.
Sub-custody – a shifting landscape
Over the past few years, Global Custodian’s agent bank surveys have seen a relative shift in responses in favour of regional service providers, while single-market sub-custodians continue to thrive in select locations. At the same time, the move to digitisation is likely to put further pressure on margins, while non-revenue-earning reporting and compliance demands are claiming an increasing share of available resources. Global Custodian asks if current service models will need to be revisited and speaks to survey outperformers about likely changes in the sub-custody landscape.
LET’S ANNOUNCE
THE WINNERS…
THE WINNERS…
Congratulations to all our winners.
Key Contacts
Editorial
SALES
Subscriptions
Surveys and Research
SUPPORTING ETF INNOVATION
ROUNDTABLE
THE NOMINEES
The top performers from Global Custodian’s inaugural Exchange Traded Fund
(ETF) Administration Surveys recognised.
THE NOMINEES
Watch
Watch The Awards
The top performers from Global Custodian’s inaugural Exchange Traded Fund
(ETF) Administration Surveys recognised.
HAVE YOUR SAY
WHO IS YOUR INDUSTRY PERSON OF THE YEAR?
SPONSORS
Watch
Watch The Awards
We’d to thank this year’s sponsors
Tech Talks
Watch
Watch The Awards
A series of videos showcasing the winners of our Innovation Awards 2021
Innovation in ESG Data and Analytics: BNP Paribas Securities Services – Manaos
BNP Paribas Securities Services’ Manaos platform has changed the way asset managers and investors access ESG data and report on the sustainability of their investments. Patrice Hiddinga, CEO of Manaos discussed the Open ESG approach, data and the thesis behind this innovative platform.
Innovation in Data and Analytics: Ultimus Fund Solutions
Ultimus Fund Solutions’ proprietary investment-manager-facing application uCONNECT is designed to connect firms to their data, reports, dashboards, and insights into their funds. Built on top of a web of APIs, uCONNECT delivers data from several underlying systems and applications, and here Jason Stevens, chief technology officer, discusses the thinking behind the innovative application and how clients are benefitting from a consolidated data solution.
Innovation in Digital Asset Custody: DBS Bank
DBS launched Asia’s first bank-backed Digital Exchange and Digital Custody solution in December 2020 responding to client demand and becoming a first-mover in the space. Ghim Soon Chua, regional head of product management, securities services, discusses the rise of digital assets and how the offering might evolve in the future as the market continues to develop at pace.
Innovation in Post-Trade Digitalisation: IHS Markit
IHS Markit has transformed its post-trade digital portal putting digital solutions at its core and becoming a key component in a firm's digital journey where legacy technology continues to hamper transformation programs. Richard Wilson, director, corporate actions & securities processing discusses the solution, client reaction and how IHS Markit has used APIs in the offering.
Innovation in Regulatory & Compliance Solutions: Maples Group
Maples Fund Services’ tailored AML records management system, Alpha, centralises KYC workflows and investor data, to fulfil AML obligations on behalf of fund manager clients. Purpose-built for the requirements of offshore alternative investments, Tyler Kim, Global head of fund services, discusses Maples’ legacy of developing proprietary solutions, the standout features of Alpha and how the service has been rolled out.
Innovation in Client Contracting: BNY Mellon
BNY Mellon worked with artificial intelligence (AI) platform, Evisort to remove pain points in the contractual process for its custody clients. Noam Tasch, co-head of digital partnerships, discusses the need for an innovative solution like that and how it’s solving problems for clients.
GC Legends
Hear from the latest inductees to our GC Hall of Fame through this podcast feature.
GC Legends
Watch
Watch The Awards
Hear from the latest inductees to our GC Hall of Fame through this podcast feature.
NADIA SCHIAVON
Nadia Schiavon, managing director, head of securities services, Australia and New Zealand at JP Morgan, discusses her illustrious career and time heading up the largest custody business in the region.
Reto Faber
Reto Faber, managing director, head of direct clearing and custody, EMEA at Citi, discusses his 30 years with the world's largest sub-custodian and some of the achievements and milestones along the way.
Supporting ETF innovation roundtable
With assets under management in ETFs surging beyond $8 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 has taken off following their introduction last year. How are fund administrators catering for this innovation and what are the pressing needs from providers to support these products?
LET’S ANNOUNCE THE WINNERS…
Congratulations to all our winners.
Key Contacts
EDITORIAL
SALES
SUBSCRIPTIONS
SURVEYS & RESEARCH
PROJECTS & PARTNERSHIPS
A Panel Discussion
THE NOMINEES
The winners of Global Custodian’s Editors’ Choice categories recognised,
covering areas not reached by our surveys.
THE NOMINEES
Watch
Watch The Awards
The winners of Global Custodian’s Editors’ Choice categories recognised,
covering areas not reached by our surveys.
HAVE YOUR SAY
WHO IS YOUR INDUSTRY PERSON OF THE YEAR?
SPONSORS
Watch
Watch The Awards
We’d to thank this year’s sponsors
TECH TALKS
Watch
Watch The Awards
A series of videos showcasing the winners of our Innovation Awards 2021
Innovation in Collateral Management: SmartStream
SmartStream continues to lead the way in innovation within its collateral management services year after year, and its TLM Collateral Management application continues to evolve and limit the amount of manual intervention needed. Jason Ang, program manager for collateral management solutions, discusses new developments, automation and how the tech provider is using APIs.
Innovation in DLT for Regulated Assets: Polymath
A new name for the Global Custodian audience to remember is Polymath Network which provides technology to make blockchain, and security tokens, compatible with regulatory and market needs. Thomas Borrel, chief product officer, explains how the institutional adoption of security tokens requires a purpose-built blockchain and how Polymath has solved the challenges with public infrastructure around compliance, governance, and confidentiality.
Innovation in Retail and Institutional Global Proxy Technology Deployment: Broadridge
Broadridge continues to lead the way in proxy technology, and its end-to-end SRD II solutions went live ahead of the incoming Shareholder Rights Directive II to enable live running from the September 2020 deadline. After implementing over 300 client solutions across EMEA, North America and Asia Pacific since then, Demi Derem, general manager, Broadridge Financial Solutions discusses the widely-commended service.
Innovation in ESG Data and Analytics: BNP Paribas Securities Services – Manaos
BNP Paribas Securities Services’ Manaos platform has changed the way asset managers and investors access ESG data and report on the sustainability of their investments. Patrice Hiddinga, CEO of Manaos discussed the Open ESG approach, data and the thesis behind this innovative platform.
Innovation in Data and Analytics: Ultimus Fund Solutions
Ultimus Fund Solutions’ proprietary investment-manager-facing application uCONNECT is designed to connect firms to their data, reports, dashboards, and insights into their funds. Built on top of a web of APIs, uCONNECT delivers data from several underlying systems and applications, and here Jason Stevens, chief technology officer, discusses the thinking behind the innovative application and how clients are benefitting from a consolidated data solution.
Innovation in Digital Asset Custody: DBS Bank
DBS launched Asia’s first bank-backed Digital Exchange and Digital Custody solution in December 2020 responding to client demand and becoming a first-mover in the space. Ghim Soon Chua, regional head of product management, securities services, discusses the rise of digital assets and how the offering might evolve in the future as the market continues to develop at pace.
Innovation in Post-Trade Digitalisation: IHS Markit
IHS Markit has transformed its post-trade digital portal putting digital solutions at its core and becoming a key component in a firm's digital journey where legacy technology continues to hamper transformation programs. Richard Wilson, director, corporate actions & securities processing discusses the solution, client reaction and how IHS Markit has used APIs in the offering.
Innovation in Regulatory & Compliance Solutions: Maples Group
Maples Fund Services’ tailored AML records management system, Alpha, centralises KYC workflows and investor data, to fulfil AML obligations on behalf of fund manager clients. Purpose-built for the requirements of offshore alternative investments, Tyler Kim, Global head of fund services, discusses Maples’ legacy of developing proprietary solutions, the standout features of Alpha and how the service has been rolled out.
Innovation in Client Contracting: BNY Mellon
BNY Mellon worked with artificial intelligence (AI) platform, Evisort to remove pain points in the contractual process for its custody clients. Noam Tasch, co-head of digital partnerships, discusses the need for an innovative solution like that and how it’s solving problems for clients.
GC Legends
Hear from the latest inductees to our GC Hall of Fame through this podcast feature.
GC Legends
Watch
Watch The Awards
Hear from the latest inductees to our GC Hall of Fame through this podcast feature.
Ee Fong Soh
Ee Fong Soh, global head of securities and fiduciary services at DBS Bank, talks about the custodian's accomplishments during her 12 years with the organisation, along with innovation projects and how she has seen the industry change during her career.
Nadia Schiavon
Nadia Schiavon, managing director, head of securities services, Australia and New Zealand at JP Morgan, discusses her illustrious career and time heading up the largest custody business in the region.
RETO FABER
Reto Faber, managing director, head of direct clearing and custody, EMEA at Citi, discusses his 30 years with the world's largest sub-custodian and some of the achievements and milestones along the way.
Projects & Partnerships
Celebrating our Editors’ Choice awards, we look at the growing trend of partnerships – whether that’s between likeminded service providers, or incumbents and FinTechs – along with some of the most exciting projects delivered by custodians and market infrastructures throughout the past 12 months and how these differ when done in isolation or in a partnership.
LET’S ANNOUNCE THE WINNERS…
Congratulations to all our winners.
Key Contacts
EDITORIAL
SALES
SUBSCRIPTIONS
SURVEYS & RESEARCH
NETWORK MANAGEMENT
ADAPTING TO UNPRECEDENTED CHANGE
HAVE YOUR SAY
WHO IS YOUR INDUSTRY PERSON OF THE YEAR?
SPONSORS
Watch
Watch The Awards
We’d to thank this year’s sponsors
Tech Talks
Watch
Watch The Awards
A series of videos showcasing the winners of our Innovation Awards 2021
Innovation in Collateral Management: SmartStream
SmartStream continues to lead the way in innovation within its collateral management services year after year, and its TLM Collateral Management application continues to evolve and limit the amount of manual intervention needed. Jason Ang, program manager for collateral management solutions, discusses new developments, automation and how the tech provider is using APIs.
Innovation in DLT for Regulated Assets: Polymath
A new name for the Global Custodian audience to remember is Polymath Network which provides technology to make blockchain, and security tokens, compatible with regulatory and market needs. Thomas Borrel, chief product officer, explains how the institutional adoption of security tokens requires a purpose-built blockchain and how Polymath has solved the challenges with public infrastructure around compliance, governance, and confidentiality.
Innovation in Retail and Institutional Global Proxy Technology Deployment: Broadridge
Broadridge continues to lead the way in proxy technology, and its end-to-end SRD II solutions went live ahead of the incoming Shareholder Rights Directive II to enable live running from the September 2020 deadline. After implementing over 300 client solutions across EMEA, North America and Asia Pacific since then, Demi Derem, general manager, Broadridge Financial Solutions discusses the widely-commended service.
Innovation in ESG Data and Analytics: BNP Paribas Securities Services – Manaos
BNP Paribas Securities Services’ Manaos platform has changed the way asset managers and investors access ESG data and report on the sustainability of their investments. Patrice Hiddinga, CEO of Manaos discussed the Open ESG approach, data and the thesis behind this innovative platform.
Innovation in Data and Analytics: Ultimus Fund Solutions
Ultimus Fund Solutions’ proprietary investment-manager-facing application uCONNECT is designed to connect firms to their data, reports, dashboards, and insights into their funds. Built on top of a web of APIs, uCONNECT delivers data from several underlying systems and applications, and here Jason Stevens, chief technology officer, discusses the thinking behind the innovative application and how clients are benefitting from a consolidated data solution.
Innovation in Digital Asset Custody: DBS Bank
DBS launched Asia’s first bank-backed Digital Exchange and Digital Custody solution in December 2020 responding to client demand and becoming a first-mover in the space. Ghim Soon Chua, regional head of product management, securities services, discusses the rise of digital assets and how the offering might evolve in the future as the market continues to develop at pace.
Innovation in Post-Trade Digitalisation: IHS Markit
IHS Markit has transformed its post-trade digital portal putting digital solutions at its core and becoming a key component in a firm's digital journey where legacy technology continues to hamper transformation programs. Richard Wilson, director, corporate actions & securities processing discusses the solution, client reaction and how IHS Markit has used APIs in the offering.
Innovation in Regulatory & Compliance Solutions: Maples Group
Maples Fund Services’ tailored AML records management system, Alpha, centralises KYC workflows and investor data, to fulfil AML obligations on behalf of fund manager clients. Purpose-built for the requirements of offshore alternative investments, Tyler Kim, Global head of fund services, discusses Maples’ legacy of developing proprietary solutions, the standout features of Alpha and how the service has been rolled out.
Innovation in Client Contracting: BNY Mellon
BNY Mellon worked with artificial intelligence (AI) platform, Evisort to remove pain points in the contractual process for its custody clients. Noam Tasch, co-head of digital partnerships, discusses the need for an innovative solution like that and how it’s solving problems for clients.
GC Legends
Hear from the latest inductees to our GC Hall of Fame through this podcast feature.
GC Legends
Watch
Watch The Awards
Hear from the latest inductees to our GC Hall of Fame through this podcast feature.
Ryan Cuthbertson
Ryan Cuthbertson, global head, financing and securities services, products at Standard Chartered, discusses his 24-year career in the industry, along with the technological evolution and digitalisation journey we are seeing across the custody space.
Ee Fong Soh
Ee Fong Soh, global head of securities and fiduciary services at DBS Bank, talks about the custodian's accomplishments during her 12 years with the organisation, along with innovation projects and how she has seen the industry change during her career.
Nadia Schiavon
Nadia Schiavon, managing director, head of securities services, Australia and New Zealand at JP Morgan, discusses her illustrious career and time heading up the largest custody business in the region.
RETO FABER
Reto Faber, managing director, head of direct clearing and custody, EMEA at Citi, discusses his 30 years with the world's largest sub-custodian and some of the achievements and milestones along the way.
Network Management – Adapting to unprecedented change
Technological advancements, regulations and market volatility are nothing new for network managers and the custody industry, but global pandemics, cyber security and travel bans certainly are. This feature will look at how network managers are adapting to a period of change – both expected and unprecedented – and how their roles have subsequently changed. We will look at themes in market infrastructure, regulation and technology, and also explore the due diligence process and the challenges of a global lockdown and its impact on conducting reviews and meeting regulatory requirements. Which elements have been impossible to recreate? Are any new ways of conducting due diligence here to stay? How have risk parameters changed in a post-COVID world? The role of the network manager is more crucial than ever, and this digital feature will place a spotlight on the role in 2021.
LET'S ANNOUNCE THE WINNERS…
Congratulations to all our winners.
Key Contacts
EDITORIAL
SALES
SUBSCRIPTIONS
SURVEYS & RESEARCH
LIFETIME ACHIEVEMENT
& INDUSTRY PERSON OF THE YEAR
Individual Awards
This day has 2 main events, our Lifetime Achievement & Industry Person of the Year
Individual Awards
Watch
Watch The Awards
This day has 2 main events, our Lifetime Achievement & Industry Person of the Year
Lifetime Achievement
Industry Person of the Year
THE NOMINEES
Watch
Watch The Awards
The nominees for Industry Person of the year for 2021.
Caroline Butler
Global Head of Custody
BNY Mellon
BNY Mellon
Donna Milrod
Executive Vice President and Head of Global Client Management Division
State Street
State Street
Sudhir Nair
Managing Director & Global Head of Aladdin
BlackRock Solutions
BlackRock Solutions
Naveen TV
Managing Director, Product Development in Securities Services
JPMorgan
JPMorgan
SPONSORS
Watch
Watch The Awards
We’d to thank this year’s sponsors
Tech Talks
Watch
Watch The Awards
A series of videos showcasing the winners of our Innovation Awards 2021
Innovation in Collateral Management: SmartStream
SmartStream continues to lead the way in innovation within its collateral management services year after year, and its TLM Collateral Management application continues to evolve and limit the amount of manual intervention needed. Jason Ang, program manager for collateral management solutions, discusses new developments, automation and how the tech provider is using APIs.
Innovation in DLT for Regulated Assets: Polymath
A new name for the Global Custodian audience to remember is Polymath Network which provides technology to make blockchain, and security tokens, compatible with regulatory and market needs. Thomas Borrel, chief product officer, explains how the institutional adoption of security tokens requires a purpose-built blockchain and how Polymath has solved the challenges with public infrastructure around compliance, governance, and confidentiality.
Innovation in Retail and Institutional Global Proxy Technology Deployment: Broadridge
Broadridge continues to lead the way in proxy technology, and its end-to-end SRD II solutions went live ahead of the incoming Shareholder Rights Directive II to enable live running from the September 2020 deadline. After implementing over 300 client solutions across EMEA, North America and Asia Pacific since then, Demi Derem, general manager, Broadridge Financial Solutions discusses the widely-commended service.
Innovation in ESG Data and Analytics: BNP Paribas Securities Services – Manaos
BNP Paribas Securities Services’ Manaos platform has changed the way asset managers and investors access ESG data and report on the sustainability of their investments. Patrice Hiddinga, CEO of Manaos discussed the Open ESG approach, data and the thesis behind this innovative platform.
Innovation in Data and Analytics: Ultimus Fund Solutions
Ultimus Fund Solutions’ proprietary investment-manager-facing application uCONNECT is designed to connect firms to their data, reports, dashboards, and insights into their funds. Built on top of a web of APIs, uCONNECT delivers data from several underlying systems and applications, and here Jason Stevens, chief technology officer, discusses the thinking behind the innovative application and how clients are benefitting from a consolidated data solution.
Innovation in Digital Asset Custody: DBS Bank
DBS launched Asia’s first bank-backed Digital Exchange and Digital Custody solution in December 2020 responding to client demand and becoming a first-mover in the space. Ghim Soon Chua, regional head of product management, securities services, discusses the rise of digital assets and how the offering might evolve in the future as the market continues to develop at pace.
Innovation in Post-Trade Digitalisation: IHS Markit
IHS Markit has transformed its post-trade digital portal putting digital solutions at its core and becoming a key component in a firm's digital journey where legacy technology continues to hamper transformation programs. Richard Wilson, director, corporate actions & securities processing discusses the solution, client reaction and how IHS Markit has used APIs in the offering.
Innovation in Regulatory & Compliance Solutions: Maples Group
Maples Fund Services’ tailored AML records management system, Alpha, centralises KYC workflows and investor data, to fulfil AML obligations on behalf of fund manager clients. Purpose-built for the requirements of offshore alternative investments, Tyler Kim, Global head of fund services, discusses Maples’ legacy of developing proprietary solutions, the standout features of Alpha and how the service has been rolled out.
Innovation in Client Contracting: BNY Mellon
BNY Mellon worked with artificial intelligence (AI) platform, Evisort to remove pain points in the contractual process for its custody clients. Noam Tasch, co-head of digital partnerships, discusses the need for an innovative solution like that and how it’s solving problems for clients.
GC Legends
Hear from the latest inductees to our GC Hall of Fame through this podcast feature.
GC Legends
Watch
Watch The Awards
Hear from the latest inductees to our GC Hall of Fame through this podcast feature.
Charl Bruyns
Charl Bruyns head of financial institutions and investor services, Transactional Products and Services (TPS) at Standard Bank, discusses building the largest transaction bank in a wholesale banking franchise in Africa, and why the transforming custody space makes it an exciting time for the securities services industry.
Ryan Cuthbertson
Ryan Cuthbertson, global head, financing and securities services, products at Standard Chartered, discusses his 24-year career in the industry, along with the technological evolution and digitalisation journey we are seeing across the custody space.
Ee Fong Soh
Ee Fong Soh, global head of securities and fiduciary services at DBS Bank, talks about the custodian's accomplishments during her 12 years with the organisation, along with innovation projects and how she has seen the industry change during her career.
Nadia Schiavon
Nadia Schiavon, managing director, head of securities services, Australia and New Zealand at JP Morgan, discusses her illustrious career and time heading up the largest custody business in the region.
RETO FABER
Reto Faber, managing director, head of direct clearing and custody, EMEA at Citi, discusses his 30 years with the world's largest sub-custodian and some of the achievements and milestones along the way.
Lifetime Achievement Award winner and Industry Person of the Year interviews
To cap off the week we bring you a special interview with our Lifetime Achievement recipient, a familiar face and voice from the securities services industry and one who has taken his organisation to new heights during his tenure at the helm. In addition, we will reveal the winner of our Industry Person of the Year vote, as chosen by you throughout the week.
LET’S ANNOUNCE THE WINNERS…
Congratulations to all our winners.
Key Contacts
EDITORIAL
SALES
SUBSCRIPTIONS
SURVEYS & RESEARCH
Join The Discussion
Want to join the #LEADERSINCUSTODY discussion? Leave a comment below.
We will pick one comment at random at the end of the week to win a free year-long Global Custodian subscription.
Welcome to Leaders in Custody Week, a five-day, on-demand digital festival celebrating the winners of our annual awards. Do check in every day for new content including documentaries, panels, podcasts and more, and please feel free to leave comments and feedback here.
Today, securities can be issued on blockchain as tokens. Do you think that a licensed securities custodian dealing with security tokens can share the control of an asset in custody, by including the client directly to the clearing process through the use of a multi-signature process? Or, should the custodian be in absolute possession and control of the blockchain asset as the single administrator of the private keys of the securities in custody?
Hi Ville
This is a great question, and one that will have different answers depending on the jurisdictions, the assets involved, etc. so perhaps one best cleared with local counsel.
From a technology perspective, we believe it is important to support multiple scenario. Single control, delegated control (ie. the ability to delegate control to a third party) and multi-party control (through the use of some type of multi-signature process to execute transactions). It is also important to distinguish between control of the token and access to the beneficiary owner’s rights, such as casting a vote. Here again, the technology supports both, so the burden of corporate actions can be taken off the custodian, giving the asset issuer direct access to its investors and vice-versa. This approach was first introduced in the making of the ERC1400 standard on the Ethereum blockchain and is now core to the Polymesh blockchain.
Best,
Thomas