BNY Pershing appointed custodian by $18.6bn Latigo Peak Partners
New independent wealth management firm founded by former JP Morgan Advisors executives will use Pershing and Schwab for custody and lending.
News
Citi’s Asia South securities services head departs after 30 years
Executive held senior securities services roles across Asia and Latin America, most recently leading Citi’s Asia South business.
Euroclear group CIO to depart after eight years
Executive oversaw technology initiatives spanning cloud adoption, AI and blockchain during his tenure.
HKEX targets second half of 2028 for Hong Kong T+1 transition
The exchange will overhaul settlement processes and introduce new workflow tools as the market prepares for a shorter settlement cycle in 2028.
Citi ‘laser-focused’ on mandates as win rate jumps 40% year-on-year
CEO Jane Fraser describes the firm as ‘the undisputed leader’ within the services space, with a model ‘almost impossible to replicate’.
Senior HSBC digital assets executive to exit role
Executive to leave role after more than two years at HSBC, having previously spent nearly a decade at State Street working across digital asset strategy and product development.
BNY reports 15% rise in securities services revenue in Q3 as AUC/A reaches $63.4trn
Assets under custody and/or administration rise marginally from the second quarter, while revenue growth is supported by higher client activity, new business and market values.
Northern Trust appoints head of strategic clients, private markets for EMEA
Former Fundbank executive returns to Northern Trust after more than 20 years the custodian, where he held senior roles in client coverage and relationship management.
Clearstream appoints new head of digital products and transformation
Executive will take charge of Clearstream Fund Services’ digital strategy, spanning fund distribution, DLT-enabled processing and private markets automation.
FCA warns of intervention as T+1 countdown ticks under a year
The regulator to ask “very difficult questions” of firms lagging in their preparations, as industry figures caution against complacency.