State Street records new asset servicing wins of $1.3 trillion
Investments into technology was cited as a core factor for State Street achieving new business wins.
Custody
BNY Mellon delivers on $1.1 billion in earnings
The world’s largest custodian recorded revenues of $4.2 billion in the quarter, up by 9% year-on-year.
£46 billion North England pension fund group partners with Northern Trust
Northern Trust has become the custodian-of-choice for UK local government pension funds, having won eight other LGPS mandates.
Deutsche Bank makes Ireland chief global head of securities services
Deutsche Bank names new head of securities services to be based in Dublin.
JP Morgan chief sees securities services investments ‘paying off’ in Q1 results
Jamie Dimon praises securities services segment which produces 16% rise in revenues during Q1 2018.
Survey: Value and risk in securities services
Global Custodian is conducting a short (anonymous) survey on perceptions of risk and value in securities services. It shouldn’t take more than five to 10 minutes to complete. To participate: Click here
RBC earns ETFs custody mandate from Bristol Gate Capital Partners
RBC I&TS has been appointed custodian of Bristol Gate Capital Partners’ Exchange Traded Funds.
Standard Bank boosts West African presence with Ivory Coast setup
Standard Bank opens in its 20th African Market with corporate and investment banking unit in Ivory Coast.
BAU for Polish custody businesses after RBI/BNP Paribas Polish deal
Raiffeisen Bank International is to sell its core banking operations in Poland to BNP Paribas S.A, however it seems unlikely to have a significant impact on the custody clients of the two banks.
FCA report gives asset managers leverage on custody and fund admin fees
The fee pressure being applied by asset managers on their custodians, administrators and depositaries is not going to level out anytime soon, and may arguably accelerate following the publication...