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.
Fund administrator steps into custody, middle-office and corporate services, along with management company services through flurry of new acquisitions.
The research explained how, for some firms, most settlement communications still occur through email instead of through secure networks.
The acquisition of the assets marks the continued expansion of Broadridge’s Matrix Financial Solutions for the US pension industry.
Revenue from asset servicing, its largest business, was down 7% in comparison to the first quarter of last year at $1.4 billion
The combination with Santander expands CACEIS' reach to Spain and Latin America, giving the combined unit €5.1 trillion in AuC/A.
Citi recently launched Advanced Citi ETF System (ACES), a new tech platform automating the entire ETF front-to-back office lifecycle.
The review will include a potential uplift of operations for client on-boarding, asset servicing, collateral management and settlement processes.
Northern Trust launched its blockchain solution for private equity fund administration in 2017 and was awarded four US patents for digitising private equity.
Interest in Greater China ETF grows but investors await international access schemes.