Platform will give trading participants the choice to leverage their preferred digital currency custody solutions and manage risk through a custody routing mechanism.
State Street chief executive Ron O’Hanley tells Global Custodian the reasons behind its acquisition of BBH Investor Services as he outlines plans for integration with Alpha, addresses concentration risk among mutual clients and discusses the future for other custodians in the space.
Not a year has gone by without someone trying to buy us but there was only one natural fit, say BBH partners
After years of what they call ‘rumours’, Brown Brothers Harriman partners, Bill Tyree and Seán Páircéir discuss the transaction that will see the Investor Services unit be acquired by State Street as they highlight the challenges of being a specialised custodian, the benefits of uniting with a larger organisation and what it means for their team, products and clients.
Despite some claiming that custodians are facing fierce competition in the transfer agency space from independent fund administrators, HSBC has been reinforcing its offering.
New GIPS asset owner solution provides education, analytics calculation and reporting.
Custody revenues decline in first half of the year, while fund services income spikes on AUA uptick and ETF boom
Research from Coalition of the top dozen custody banks paints a picture of the revenue and margin struggles facing an industry in flux.
State Street to acquire Brown Brothers Harriman Investor Services in monumental $3.5 billion custody deal
Landmark deal will see the combining to two custody giants with the news coming just a month after Global Custodian reported merger talks between BBH and suitors.
New global cybersecurity and technology unit to be set up in Ireland over the next two years.