The asset servicers’ lead for the BBH Investor Services integration discusses the reasons behind the deal falling through, what State Street will be focusing on in 2023, and why M&A will not be off the table despite the recent acquisition failure.
A new weekly round-up of fund administration and prime brokerage news from Global Custodian this week features Apex, Hawksford, IQ-EQ, Altum Group, Socium Fund Services and Phoenix American.
Euronext Securities and SIX executives to chair the policy and the settlement working groups.
“You take the hand that's been dealt to you, knuckle down and face up to running the business as effectively as we have done in the past,” says BBH partner Seán Páircéir in this interview with Global Custodian, where he discusses the plans for the Investor Services business’s future.
Asset manager’s ETFs listed across 11 exchanges move to the ISCD issuance model.
ICSD Euroclear Bank has signed a Memorandum of Understanding (MOU) with Korea Securities Depository (KSD) in the presence of Korea’s Ministry of Economy and Finance.
BBH expresses disappointment in the terminated agreement with State Street but says it will now invest in people, technologies, and select market segments.
Proposed $3.5 billion custody deal mutually terminated after just over a year of regulatory issues and unsuccessful transaction modifications.
State Street’s $3.5 billion proposed takeover of Brown Brothers Harriman’s Investor Services has now been mutually terminated. Here, Global Custodian takes a look back at the timeline of key events that led to this point.
Whitepaper outlines opportunities around CBDC settlement.