Deutsche Bank begins prime brokerage migration process with BNP Paribas
The two firms agreed on a deal in principle in July as part of the German bank’s major restructuring and a complete withdrawal from equities trading.
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BNP Paribas Securities Services deploys APIs to fund administration business
BNP Paribas Securities Services will deploy 17 fund accounting APIs in a major move to further digitise its business.
IGM Financial to shift fund services functions to CIBC Mellon
One of Canada’s largest investment managers mandates CIBC Mellon for fund administration servicing, in addition to the existing custody services that the bank provides.
Deutsche Bank releases CSDR compliance toolkit
The toolkit sets out a range of operational, trading and risk processes that need to be reviewed and enhanced ahead of the incoming settlement discipline regime.
Northern Trust’s CFO and 34-year veteran to retire in 2020
Northern Trust's current CFO of the wealth management business will take on the group CFO role next year.
JP Morgan hits $500 billion in prime brokerage hedge fund balances
JP Morgan has increased prime brokerage balances by 25% over the year, following near-record levels set across the cash and synthetic businesses.
Standard Chartered expands prime services offering to include Chinese government bonds
Standard Chartered hopes the move will boost acceptance of Chinese debt as collateral for its foreign investor clients.
BNP Paribas Securities Services reshuffles global sales and RM team
A reshuffle of global financial intermediaries sales and relationship management team sees new addition in New York and promotions in Europe.
State Street enhances analytics platform for asset owners with FinTech partnership
The partnership incorporates the Solovis analytics application to manage data and traditional accounting book of records with alternatives asset data.
Asset managers wary of potential new regulatory reporting regime
A possible review of reporting regulations could be an additional burden on asset managers and present a "significant danger" according to one expert.