JP Morgan appoints new global head of network management
Internal promotion follows the departure of network management specialist with over 30 years’ experience at the likes of State Street, Citi and BBH.
News
Custodians hit new heights in 2024 with record revenues and AUC/A
Latest Global Custodian league table shows mixed results for the leading custodians’ AUC/A in the fourth quarter, while total annual revenue across the top providers crosses $40 billion for the first time.
People Moves
Citi appoints Chris Cox as new head of investor services
Internal hire with 30 years’ experience will be responsible for Citi’s custody, fund services and execution services businesses.
Euronext pushes for ‘improved competitiveness’ through consolidation of settlement on its markets
The exchange said the development comes as part of its goal to tackle post-trade fragmentation in Europe and open up new trading and investment opportunities.
Ex-Citi securities services trio join up at Beacon Analytics Management advisory firm
Citi’s former global head of fund services and former global head of securities finance among the appointments.
BNY mandated by $100bn Danish government pension fund for custody and asset servicing
The Hillerød-based ATP will benefit from enhanced operational efficiencies, improved data integration, and streamlined asset servicing solutions tailored to its evolving needs.
Cantor Fitzgerald taps Anchorage Digital and Copper for Bitcoin financing
Under the mandate, the two digital asset custodians will oversee the custody and management of Bitcoin collateral, offering security and operational support.
Clearstream to offer crypto custody for institutional clients through Crypto Finance
Set to launch in April, the offering will integrate digital asset custody and settlement within Clearstream’s existing infrastructure.
Tokenisation could save asset management industry $135 billion, says Calastone
Fund processing costs are projected to rise by 32% over the next three years, presenting a growing challenge for firms to modernise.
Securities finance round-up: Crédit Agricole, PASLA, ISLA and more
This week’s securities finance round-up features Crédit Agricole, Pan Asia Securities Lending Association (PASLA), International Securities Lending Association (ISLA), Bank of Canada, London Reporting House (LRH) and DataLend.