Citi hires former BNY Mellon tech chief to lead transformation effort
The newly created operations and technology transformation office is part of the bank’s multi-year transformation strategy.
Custody
Custody
Asset servicers to explore new areas for innovation to safeguard future business models
Significant cost pressures have been a driving force behind innovation, and custodians are planning to devote a greater proportion of revenues to innovation investment.
Deutsche Bank goes live on digital proxy voting platform Proxymity
Deutsche Bank becomes the second major custodian to go live on the platform, after Citi announced in April that it would connect to Proxymity for 10 markets.
Custody
Fireside Friday with… BNP Paribas Securities Services’ Alvaro Camunas
BNP Paribas Securities Services has been one of the most active banks in establishing partnerships with FinTechs and other third-party providers. Alvaro Camunas, head of client development at BNP Paribas Securities Services, explains to Global Custodians the motives behind these recent moves.
HSBC wins custody and fund admin mandate for CC&L’s first UCITS umbrella fund
The mandate is the latest for HSBC, which has become a leading provider for international fund managers to launch UCITS funds.
Northern Trust acquires technology provider to bolster front-office unit for asset owners
The custodian’s Front Office Solutions unit advances its partnership with Parilux Investment Technology to provide data solution for asset owners.
JP Morgan to integrate Confluence risk and performance data with securities services platform
The partnership is the latest by JP Morgan as it looks to provide full investment lifecycle data products to its buy-side clients.
BNP Paribas expands sub-custody network in Latin America to include Chile
As part of the launch, BNP Paribas Securities Services has become a direct participant in the Chilean CSD, Depósito Central de Valores.
NAB wins landmark LGIAsuper custody mandate from JP Morgan
Custody mandate will be for the soon-to-be combined AUD$28 billion entity of LGIAsuper, Energy Super and Suncorp’s superannuation business.
BNP Paribas Securities Services’ first quarter bolstered by massive €300 billion custody mandate
The win helped propel its assets under custody and administration (AUC/A) by 20% year-on-year to reach €13.9 trillion.