Investments into technology was cited as a core factor for State Street achieving new business wins.
The world’s largest custodian recorded revenues of $4.2 billion in the quarter, up by 9% year-on-year.
Northern Trust has become the custodian-of-choice for UK local government pension funds, having won eight other LGPS mandates.
Deutsche Bank names new head of securities services to be based in Dublin.
Jamie Dimon praises securities services segment which produces 16% rise in revenues during Q1 2018.
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 I&TS has been appointed custodian of Bristol Gate Capital Partners’ Exchange Traded Funds.
Standard Bank opens in its 20th African Market with corporate and investment banking unit in Ivory Coast.
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.