SIX strengthens clearing business with Baymarkets acquisition
Integration of Oslo-based platform expected to modernise derivatives clearing and expand post-trade capabilities.
M&A
Edmond de Rothschild halts sale of Luxembourg asset servicing arm to Apex Group
Termination follows Apex’s inability to secure final regulatory approval; former BNY and European Depositary Bank executive will now lead Edmond de Rothschild’s asset servicing business.
SS&C Technologies to acquire Calastone for $1 billion
Landmark deal to integrate Calastone into SS&C’s global investor and distribution solutions division, advancing automation and cross-border fund connectivity.
HSBC agrees sale of fund administration business in Germany
Latest sale of European business unit, with €430 billion in assets under administration, marks a continuation of the custodian’s simplification strategy.
Crédit Agricole takes full ownership of CACEIS with acquisition of Santander’s stake
Group acquires remaining 30.5% interest, bringing its shareholding in asset servicer to 100%.
Carne Group acquires Mizuho Trust management company with $5bn in AUM
Transaction reflects growing industry momentum toward outsourcing fund operations to external specialists.
Apex Group takes majority stake in Tokeny
Move builds on 2023 partnership and expands digital asset servicing capabilities.
BNP Paribas completes integration of HSBC hedge fund admin business
Client and staff migration follows 2023 agreement to absorb hedge fund servicing unit.
Apex Group expands private markets capabilities with acquisition of Flow
The acquisition adds $17 billion in assets under administration as part of Apex's strategy to enhance fund management services.
BNY takes minority stake in EquiLend
In addition to acquiring a minority stake in EquiLend, BNY will join the 1Source initiative as an initial user.