State Street named service provider for new T. Rowe Price active ETFs
The active ETF market continues to grow, as does State Street’s ETF servicing business through new mandate wins.
News
Deutsche Bank wins Spanish sub-custody mandate for DZ Privatbank
DZ Privatbank consolidated its fixed income and equity assets in Luxembourg and migrated them to Deutsche Bank’s platform in Spain.
JP Morgan to close Australia and New Zealand direct sub-custody business in global custody focus
The decision comes after a strategic review on its securities services businesses in the region, and has instead opted to focus on its global custody product.
SS&C Technologies expands Greater China footprint through new software mandate
BOCOM Trustee has selected SS&C's flagship Geneva platform to support its fund administration technology.
Majority of banks and brokers will be ready for ASX blockchain-based post-trade system in 2022, says exchange
A recent consultation by the ASX on the CHESS replacement timetable, showed around 91% of CHESS users said they will be able to meet the revised go-live date.
VP Securities CEO resigns after Euronext completes acquisition
New chief executive for VP Securities as Euronext completes takeover announced in April.
Apex secures middle-office mandate for fixed income ETF provider
Tabula Investment Management selects Apex Group for middle-office services after praising the provider’s tech capabilities.
BNP Paribas Securities Services partners with NZX to boost offshore capital flows
The French custodian is working towards becoming a general clearing participant of the exchange, which is expected to be completed within the first half of 2021.
Citi appointed sole US custodian by Peru’s CSD for dual-listed securities
Citi has become a key partner for Latin American-based exchanges and CSDs to attract international investors and improve liquidity.
Global asset managers seek backup to outsourced providers on fund valuations
Buy-side firms have increased their focus on NAV generation following the COVID-19 pandemic and changes to business continuity plans, according to the report from Celent.