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.
Senior hires in Luxembourg, Hong Kong and Jersey signal intentions for further growth following acquisitions.
The move is the latest in Citi’s efforts to grow its securities services capabilities in emerging and frontier markets.
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's reappointment followed a detailed independent benchmarking and due diligence exercise of the pension scheme’s global custody arrangements.
Custodian wins depositary mandate from fund investing in renewable energies, infrastructure, transport and mobility, and forestry.
Italian real estate fund run by Ministry of Economy and Finance appoints Soc Gen as depositary bank.
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.
Asset manager appoints State Street following RBC’s sale of its Australian custody unit.