BNP Paribas Securities Services ends 2018 with revenues up 10%
However assets under custody for the French bank fell by 1.3% to €9.3 trillion as a global sell-off in equity markets hit Europe.
Custody
RBC I&TS appointed custodian for $1 billion Canadian hedge fund
RBC I&TS has struck a number of custody deals for Canadian alternative investment managers in recent months.
Northern Trust to support UCITS fund launch for AD Global Investors
Northern Trust will act as the sole broker for AD Global Investors, assisting with its fixed income execution as well as providing custody, fund admin and FX services.
Custody
Global Custodian publishes 30th anniversary Leaders in Custody awards shortlist
Leaders in Custody awards honour the best performers from our surveys from 2018, along with editors’ choice, innovation and network management categories.
Northern Trust’s custody results round off poor end-of-year for US banks
The results are in line with the bank’s US competitors, as the mass sell-off in equity markets hit custody assets.
New Boston HQ planned for State Street
New CEO Ron O’Hanley makes second big move in his first month in the role by outlining new HQ plans for custodian in 2023.
Custody
Landmark BNP Paribas fund administration deal with DWS falls through
Deal announced in June 2018 halts after joint decision not to move forward.
New State Street chief points to industry headwinds as asset servicing revenues underperform
Assets under custody fall for State Street as do servicing revenues.
Societe Generale sells South African custody business to Absa
Absa to re-enter South African custody services after five years, as Soc Gen sells business and closes securities lending offering in the country.
BNP Paribas selected by Cypriot financial services provider for global custody
Cypriot financial services firm selects French bank for fund services and custody.