Banks to realise up to $25bn in new revenues from private markets, Oliver Wyman report
The findings follows a wave of buy-side firms that have expanded into private markets in response to increasing pressure on performance and fees.
Custody
State Street partners with S&P to bolster ESG data and analytics offering
Custodian follows month of prioritising ESG capabilities with deal to integrate S&P Global Trucost’s data and analytics capabilities.
Global Custodian announces major overhaul of agent bank surveys
Shifts in the sub-custody landscape and reconfiguration of relations along the value chain prompt rethink for industry stalwart.
State Street’s wins ‘catching up’ with its investments in custody long-game
Custodian’s front-to-back strategy shift continues to see rewards with a third of mandates relating to Alpha.
Franklin Templeton Australia adds fund range to JP Morgan’s revamped fund accounting platform
After going live last year with Fidelity International as its first client on the InvestOne platform, JP Morgan has since it migrated nine Australian clients.
Invesco to adopt State Street’s front-to-back servicing model as Alpha momentum continues
$1.4 trillion asset manager agrees to use State Street’s front-to-back asset servicing platform as the custodian announces Q1 revenues.
BNP Paribas Securities Services establishes global custody partnership in Saudi Arabia
The joint servicing model between BNP Paribas and Riyad Capital is the first of its kind in the Kingdom and the region, according to the two firms.
MUFG follows up ESG reporting solution with private markets offering
Service comes just two weeks after the custodian launched an ESG reporting solution for public markets.
Custodians buoyed by sharp rise in China’s mutual fund launches
New public mutual fund launches in China totalled $163 billion (RMB 1.07 trillion) in the first quarter of the year.
Fireside Friday with… Societe Generale’s Stewart Gladstone
Covering some of Europe’s emerging markets, Stewart Gladstone, head of segment and solutions, banks and financial institutions at Societe Generale Securities Services, is calling for some of the positive changes from the COVID-19 environment to become permanent features.