Drop in pension fund and insurance client assets bring down State Street’s AUC
Tough quarter for Boston-based custodian as revenues from asset servicing fees and assets under custody both drop.
News
BTIG prime brokerage expands platform to family offices
BTIG will build out a specialised team to focus on the family office market, which has become a fast-growing segment within the alternative investment industry.
MUFG Investor Services picks FinTech firm to boost real estate fund admin offering
MUFG has made a big push in its real estate and private markets franchise in order to capture the market demand for limited partner services.
Fund administrator Estera to be purchased by private equity firm
Estera will be set to benefit from Ocorian's strong links to the Middle East and Africa.
BNY Mellon boosted by ETF asset servicing growth
The global custodian's CEO says the bank remains very focused on growing its ETF servicing business after notable growth.
New DLT-based CSD goes live in France with custodian backing
The aim for the new CSD is to provide a harmonised platform for the issuance, trading, settlement and custody for commercial paper.
ESG provider to custodians secures $20 million from German investment firms
Arabesque S-Ray, which supples ESG data to State Street and BNY Mellon, secures funding from four German investment firms.
Exit of RBC I&TS chief sparks new investor services role
RBC I&TS will create a new head of investor services role, promoting one of its top executives to lead the business.
SS&C’s Bill Stone: Still on a roll
Bill Stone has taken SS&C from his basement to a 22,000-strong technology and fund administration giant and is still looking to evolve with new trends and inspire a new generation.
Securities lending dampens BNY Mellon’s asset servicing revenues in Q2
The decline means another disappointing quarter for the world’s largest global custodian as asset servicing revenues fell 8% year-on-year.