RMB cross-border settlement between China and the UK doubled in 2018
New report shows uptick in settlement and clearing between China and the UK, as London retains title of having the largest share of RMB payments outside of greater China.
Custody
Asset servicing fees decline sees drop in BNY Mellon’s Q1 investment services revenues
Revenue from asset servicing, its largest business, was down 7% in comparison to the first quarter of last year at $1.4 billion
Custody
CACEIS and Santander to merge custody and asset servicing units
The combination with Santander expands CACEIS' reach to Spain and Latin America, giving the combined unit €5.1 trillion in AuC/A.
Global securities services industry records double-digit revenue growth since 2016
New research from industry analytics provider Coalition showed revenues from global securities services providers collectively reached $37.2 billion in 2018.
BNY Mellon says Aladdin play will give clients access to their own data and new analytics tools
Custodians are moving to becoming one-stop-shop platforms, enabling investment managers to access a wider range of data and analytics tools.
BNY Mellon and BlackRock sign alliance to create front-to-back office data service
BNY Mellon plans to deliver real-time trade data, asset prices and cash positions to the 40-50 clients it shares with BlackRock’s Aladdin.
Global Custodian inducts 10 new Legends to the GC Hall of Fame
The Legend award is one of Global Custodian’s highest accolades, recognising individuals from across securities services for their key industry contributions.
Custody
Global Custodian announces winners of 30th anniversary Leaders in Custody awards
All the winners from Global Custodian’s Leaders in Custody awards at The Dorchester in London.
GC Leaders in Custody Awards photos now available
Global Custodian held its annual Leaders in Custody awards ceremony on Thursday and photos from the evening are now available.
Global Custodian awards Lifetime Achievement honour to Northern Trust’s Penelope Biggs
Lifetime Achievement award handed to long-serving Northern Trust asset servicing head across EMEA, now chief strategy officer.