State Street named service provider for new T. Rowe Price active ETFs
The active ETF market continues to grow, as does State Street’s ETF servicing business through new mandate wins.
Custody
Deutsche Bank wins Spanish sub-custody mandate for DZ Privatbank
DZ Privatbank consolidated its fixed income and equity assets in Luxembourg and migrated them to Deutsche Bank’s platform in Spain.
JP Morgan to close Australia and New Zealand direct sub-custody business in global custody focus
The decision comes after a strategic review on its securities services businesses in the region, and has instead opted to focus on its global custody product.
Apex secures middle-office mandate for fixed income ETF provider
Tabula Investment Management selects Apex Group for middle-office services after praising the provider’s tech capabilities.
BNP Paribas Securities Services partners with NZX to boost offshore capital flows
The French custodian is working towards becoming a general clearing participant of the exchange, which is expected to be completed within the first half of 2021.
Citi appointed sole US custodian by Peru’s CSD for dual-listed securities
Citi has become a key partner for Latin American-based exchanges and CSDs to attract international investors and improve liquidity.
Nearly all global public investors now have ESG policies in place, finds BNY Mellon
Majority of central banks, sovereign funds and pension funds have ESG investment policies in place according to new research.
Distinguished securities services experts band together to form new advisory group
New UK-headquartered association known as TSSAG combines a wealth of global securities services knowledge.
BNP Paribas Securities Services capitalises on big mandate wins in Q2
The French bank secured two valuable deals in the second quarter from AXA Belgium and French fund manager Eurazeo.
Deutsche Bank chief predicts increased consolidation for banks in Europe
Christian Sewing, CEO of Deutsche Bank, echoed comments he made at the institution’s AGM on consolidation for banks in Europe in the medium-term.