Nearly all global public investors now have ESG policies in place, finds BNY Mellon
Majority of central banks, sovereign funds and pension funds have ESG investment policies in place according to new research.
Custody
Distinguished securities services experts band together to form new advisory group
New UK-headquartered association known as TSSAG combines a wealth of global securities services knowledge.
BNP Paribas Securities Services capitalises on big mandate wins in Q2
The French bank secured two valuable deals in the second quarter from AXA Belgium and French fund manager Eurazeo.
Deutsche Bank chief predicts increased consolidation for banks in Europe
Christian Sewing, CEO of Deutsche Bank, echoed comments he made at the institution’s AGM on consolidation for banks in Europe in the medium-term.
CIBC Mellon extends asset servicing relationship with Pier 21 Asset Management
Pier 221 will utilise CIBC Mellon’s custody and fund administration services for its new institutional pooled funds.
HSBC secures £43bn global custody and fund admin mandate from ReAssure
The mandate follows ReAssure's recent £650 million acquisition of 1.1. million closed life insurance policies from Legal and General (L&G).
European Bank of Financial Services awards SGSS and MFEX custody and trading mandates in Germany
SGSS Germany and MFEX will collectively provide trading, custody services, and rebate collection for several thousand ebase funds.
HSBC appointed by BlackRock for first master-feeder ETF in Hong Kong
The new ETF follows a ruling from Hong Kong’s SFC which relaxes rules for the master-feeder regime in the territory.
Northern Trusts eyes progress in self-service capabilities despite COVID-19 disruption
Custodian reports Q2 results with uptick in assets under custody and administration and drop in fees income, as CEO highlights development in self-service capabilities.
Citi deploys bots to enhance securities services settlement in Hong Kong
Citi states it has become the first sub-custodian in Hong Kong to leverage bot technology to provide real-time processing for matching and settlement of trades.