Boutique fund administrators engage in M&A activity to kick off 2022
As we open the new year a series of acquisitions have been made by smaller administrators including Suntera Global, Standish Management, Waystone and ZEDRA.
News
CACEIS wins over pension funds to its UK custody business with start-up mentality
The acquisition of KAS Bank by CACEIS brought a pension fund-focused unit in the UK with a leadership intent on embedding a start-up approach of culture, innovation and ambition in a market with stiff competition.
Digital asset software provider to the custody industry exceeds billion-dollar valuation in latest fundraise
Investment continues to flow into Lukka, the crypto outfit which has partnered with State Street and added talent with experience at the likes of JP Morgan, Bridgewater and IHS Markit.
Securities Finance
Fireside Friday with… GLMX’s Glenn Havlicek
Glenn Havlicek is founder and CEO of GLMX, a platform that streamlines the securities finance and repo process. Before that, he spent 22 years as the head of global liquidity management at JP Morgan. Global Custodian asked him for a bird’s eye view of developments in the repo and securities lending markets.
Citi establishes clearing and settlement with new Beijing Stock Exchange
China’s third national stock exchange is aimed at innovation-oriented small and medium-sized enterprises (SMEs).
Ex-Deutsche Bank securities lending specialist takes on role at ISLA
Former Deutsche Bank and JP Morgan securities lending executive takes on public affairs role at trade association.
Apex Group enters the New Zealand fund services market with acquisition of MMC
Following the purchase of Mainstream Group in Australia, Apex Group bolsters its regional presence with its first base in New Zealand through deal for administrator.
SIX successfully tests wholesale CBDC settlement with banks
Project involves participation of central and commercial banks in addition to market infrastructure.
Citi and Goldman Sachs among banks to use OSTTRA’s optimisation and compression service following launch
The service has allowed banks to optimise their notional, initial margin (IM) and capital exposures on a multilateral basis.
NatWest Trustee and Depositary Services to support UK-based forestry fund
The forestry fund, which recently raised £130 million in its IPO, looks to invest in UK forestry and afforestation assets.