Citi enters into alliance with BlackRock to connect to Aladdin platform
Custodians continue to turn to BlackRock for link to Aladdin provider as they bolster front-to-back offerings and operational efficiency for clients.
News
Hong Kong passes landmark bill for private funds
The Limited Partnership Fund Bill will go far in Hong Kong’s bid to rival the most popular fund centres in the world.
SFTR goes live for sell-side, as the clock starts ticking for majority of the buy-side
A quick preview of what the industry can expect from the first phase of the Securities Financing Transactions Regulation on 13 July.
European Commission confirms ‘time-limited’ equivalence for UK CCPs
As the European Commission finalises EMIR 2.2, it has confirmed a temporary equivalence decision for UK CCPs from January 2021.
Information strain for network managers shows industry-wide need for digital solutions
The unprecedented wave of market updates network managers had to deliver to clients have sparked demands for markets to adopt permanent digitalisation efforts.
HSBC to use IHS Markit platform for private loan administration
HSBC increases investment into new private markets unit as investors look to pick up yield in a low and declining global interest rate environment.
Northern Trust onboards three European insurance clients to asset servicing platform
Among its new clients include Hannover RE, one of the world’s largest reinsurance firms, where it will provide global custody and collateral management services.
UBS converts European ETFs to Clearstream’s ICSDplus model
European asset managers in Ireland are faced with the challenge of moving to alternative ETF issuance and settlement models in order to limit the impact of Brexit.
SEB taps Danske Bank’s head of investor services with a view to increase Danish focus
Move underscores SEB’s intentions in Denmark as the bank brings in expert to manage sales activities.
Asset managers unsatisfied with asset servicers’ digital capabilities – Deloitte
Asset managers may consider in-sourcing some client-facing functions as a result of their disappointment in their service provider's digital capabilities.