Citi wins custody and fund admin mandate for Pacific Asset Management
The custodian will also provide depositary, clearing and foreign exchange solutions for Pacific Asset Management's UCITS funds.
Custody
HSBC Securities Services records 11% growth for 2018
Revenues for HSBC Securities Services grew 11% to nearly $2 billion over the year, in which it was boosted by its global custody business.
State Street outlines new approach for its biggest clients
State Street has highlighted its upcoming execution priorities, the formation of a new pricing committee, and how it will expand its asset servicing business.
BNP Paribas Securities Services ends 2018 with revenues up 10%
However assets under custody for the French bank fell by 1.3% to €9.3 trillion as a global sell-off in equity markets hit Europe.
RBC I&TS appointed custodian for $1 billion Canadian hedge fund
RBC I&TS has struck a number of custody deals for Canadian alternative investment managers in recent months.
Northern Trust to support UCITS fund launch for AD Global Investors
Northern Trust will act as the sole broker for AD Global Investors, assisting with its fixed income execution as well as providing custody, fund admin and FX services.
Custody
Global Custodian publishes 30th anniversary Leaders in Custody awards shortlist
Leaders in Custody awards honour the best performers from our surveys from 2018, along with editors’ choice, innovation and network management categories.
Northern Trust’s custody results round off poor end-of-year for US banks
The results are in line with the bank’s US competitors, as the mass sell-off in equity markets hit custody assets.
New Boston HQ planned for State Street
New CEO Ron O’Hanley makes second big move in his first month in the role by outlining new HQ plans for custodian in 2023.
Custody
Landmark BNP Paribas fund administration deal with DWS falls through
Deal announced in June 2018 halts after joint decision not to move forward.