State Street believes it can increase its footprint in the wealth space following acquisition of front-office service provider Charles River.
Foundations, endowments and public pension funds lead the charge into ESG strategies.
Northern Trust is currently providing accounting services for select clients that have a small portion of their assets in cryptocurrencies.
High-profile custody mandates and the implementation of new technology products helped drive second quarter revenues.
The DDQ was at risk of becoming unstuck as network managers pumped the document with their own proprietary questions.
CACEIS will also act as the main listed derivatives clearer for the French investment bank.
State Street announced assets under custody of $33.8 trillion, up 9% year-on-year and overtaking BNY Mellon for the first time in three years.
ALERT GC Direct has currently seven global custodians live on the service, covering 700,000 settlement instructions.
BNY Mellon held previously held the rank as the largest global custodian by assets for three straight years.
BNY Mellon’s CEO Scharf hoped to reassure investors that it still has a solid pipeline of mandate wins to come.