Custody

Deal with Chilean insurer bolsters the custodian’s presence in the region, where it has been present for almost 30 years.  

Talks underway as Zodia seeks to expand Middle East operations through licensed UAE custodian. 

Mandate covers the custody, recordkeeping, and transfer of Natural Capital Credits under the Natural Forest Standard 

Alex Krunic, senior adviser to the chairman at Commercial Bank of Kuwait, discusses the Middle East's growing relevance for global investors, the rise of digitisation, and why custodians are scaling up to meet surging regional demand. 

Assets under custody and administration rebounds to €16.6 trillion amid strong client activity and market momentum. 

The bank also posted a modest growth in custody fees and client assets under administration. 

The new service enables clients to hold and protect financial assets locally and marks the bank’s continued development of post-trade infrastructure in the region. 

Custodian will provide global custody, fund accounting, FX, performance, risk and compliance reporting services across LV’s securities portfolio.

The chief executives of BNY and State Street both say it’s business as usual with regards to client activity and new mandates despite the uncertainty of the macro environment. 

Servicing fee revenue up 6% year-on-year for State Street along with new back-office wins and an Alpha mandate.