Custody

During the custodian’s fourth quarter earnings call, BNY Mellon chief Todd Gibbons highlighted an uptick in mandate wins and the bank’s ETF business amid promising end-of-year results.

Through the new agreement the custodian will provide trust, custody, asset management, securities lending and transition management services.

As part of the partnership, the custodian and industry experts have joined forces to innovate the fixed income ETF market.

The acquisition of KAS Bank by CACEIS brought a pension fund-focused unit in the UK with a leadership intent on embedding a start-up approach of culture, innovation and ambition in a market with stiff competition.

China’s third national stock exchange is aimed at innovation-oriented small and medium-sized enterprises (SMEs).

RBC I&TS says it will focus on North America and Europe as Standard Chartered acquires trustee and domestic asset servicing business.

Since the implementation of the new QFI regulations in November 2020, more than 150 new applicants have obtained qualifications from the Chinese regulator.

Experts from BNY Mellon, Citi, Northern Trust, RBC I&TS, MUFG Investor Services and SIX give their predictions on trends in the custody and asset servicing space for the New Year.

Initiative will build on centralised data repository to enable management of complex assets.