Custody

The bank will provide custody, depositary and registrar services for Bpifrance’s ELTIF II fund targeting retail investors. 

The move follows the addition of BNY’s European banking entity to the EU’s MiCA register in July. 

The bank plans to offer custody for selected crypto assets, stablecoins and tokenised real-world assets, adding Singapore to its growing network of digital asset custody markets. 

The move covers almost 100 funds with £11 billion in assets under administration as the investment manager moves on from previous setup with Natwest and CACEIS. 

Speaking at Sibos in Miami, State Street's chairman and CEO says AI is lifting developer productivity by double digits and shrinking cyber remediation from weeks to hours, but warns of AI’s ‘quantum moment’. 

The platform, part of Citi’s Custody+ suite, uses AI to provide post-trade market intelligence from across more than 100 custody markets. 

Rebrand takes effect 1 October, aligning the asset servicer's name with its parent group as part of Crédit Agricole's ACT 2028 plan. 

Mandate adds to HSBC Saudi Arabia’s growing ETF and securities services activity in the Kingdom. 

Offering will initially support Bitcoin, Ether and selected stablecoins for institutional and corporate clients in Europe. 

The new platform combines fund administration, custody and investor services for Australian fund managers.