RMB cross-border settlement between China and the UK doubled in 2018
New report shows uptick in settlement and clearing between China and the UK, as London retains title of having the largest share of RMB payments outside of greater China.
News
Apex looks to broaden its role across financial services following acquisitions
Fund administrator steps into custody, middle-office and corporate services, along with management company services through flurry of new acquisitions.
Settlement processes still far behind the technology evolution, finds DTCC paper
The research explained how, for some firms, most settlement communications still occur through email instead of through secure networks.
Broadridge acquires retirement plan custody and trust assets from TD Ameritrade
The acquisition of the assets marks the continued expansion of Broadridge’s Matrix Financial Solutions for the US pension industry.
Asset servicing fees decline sees drop in BNY Mellon’s Q1 investment services revenues
Revenue from asset servicing, its largest business, was down 7% in comparison to the first quarter of last year at $1.4 billion
Custody
CACEIS and Santander to merge custody and asset servicing units
The combination with Santander expands CACEIS' reach to Spain and Latin America, giving the combined unit €5.1 trillion in AuC/A.
Citi goes live with European ETF fund services
Citi recently launched Advanced Citi ETF System (ACES), a new tech platform automating the entire ETF front-to-back office lifecycle.
Goldman Sachs outlines front-to-back office operations strategy
The review will include a potential uplift of operations for client on-boarding, asset servicing, collateral management and settlement processes.
Northern Trust makes first use of smart contracts on private equity blockchain
Northern Trust launched its blockchain solution for private equity fund administration in 2017 and was awarded four US patents for digitising private equity.
Greater China on brink of ETF boom according to new research
Interest in Greater China ETF grows but investors await international access schemes.