BNY Mellon looks to 2021 after revenue drop in the fourth quarter
Despite asset servicing revenues decline in Q4, BNY Mellon said results from its best sales quarter in the last couple of years will be realised in 2021.
News
Apex bolsters corporate services division with new quartet
Senior hires in Luxembourg, Hong Kong and Jersey signal intentions for further growth following acquisitions.
Citi executes first securities lending trade in Romanian securities
The move is the latest in Citi’s efforts to grow its securities services capabilities in emerging and frontier markets.
Market Infrastructure
Fireside Friday with… Euroclear’s Edwin De Pauw
CSDs have stepped up their innovative efforts and are increasingly co-creating new solutions for the post-trade industry, according to Euroclear's head of innovation and data services Edwin De Pauw.
State Street sets $1.5 trillion in new asset servicing wins as the benchmark for growth
State Street's CFO said the custodian would have to generate new business wins of amounting to $1.5 trillion in AUC to achieve growth.
HSBC retains back-office outsourcing mandate from BBC Pension Scheme
HSBC's reappointment followed a detailed independent benchmarking and due diligence exercise of the pension scheme’s global custody arrangements.
BNP Paribas appointed as depositary bank for Commerz Real’s sustainable fund
Custodian wins depositary mandate from fund investing in renewable energies, infrastructure, transport and mobility, and forestry.
Soc Gen chosen by Italian real estate fund for depositary services
Italian real estate fund run by Ministry of Economy and Finance appoints Soc Gen as depositary bank.
BNY Mellon and BlackRock expand alliance to give greater freedom of choice on middle-office
Agreement will allow custodian’s asset servicing business to operate BlackRock Aladdin’s middle-office service on behalf of common strategic clients for a more integrated front-to-back model.
State Street appointed as custodian and fund administrator in Australia by Perpetual
Asset manager appoints State Street following RBC’s sale of its Australian custody unit.