State Street eyes growth in wealth space through Charles River acquisition
State Street believes it can increase its footprint in the wealth space following acquisition of front-office service provider Charles River.
Custody
Adoption of ESG investment criteria accelerates with asset owners
Foundations, endowments and public pension funds lead the charge into ESG strategies.
Northern Trust eyeing potential crypto custody model
Northern Trust is currently providing accounting services for select clients that have a small portion of their assets in cryptocurrencies.
BNP Paribas Securities Services revenues boosted by custody mandates
High-profile custody mandates and the implementation of new technology products helped drive second quarter revenues.
Network managers reducing DDQ questions for sub-custodians
The DDQ was at risk of becoming unstuck as network managers pumped the document with their own proprietary questions.
Credit Agricole outsources listed derivatives operations to asset servicing arm
CACEIS will also act as the main listed derivatives clearer for the French investment bank.
Hooley to end on a high as $1 trillion Vanguard wins push State Street back to the top
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.
Sumitomo Mitsui Trust Bank goes live with DTCC’s GC Direct
ALERT GC Direct has currently seven global custodians live on the service, covering 700,000 settlement instructions.
State Street leapfrogs BNY Mellon as world’s largest custodian
BNY Mellon held previously held the rank as the largest global custodian by assets for three straight years.
BNY Mellon chief seeks to reassure investors after slower asset servicing growth
BNY Mellon’s CEO Scharf hoped to reassure investors that it still has a solid pipeline of mandate wins to come.