State Street and QNB Group to collaborate on custody servicing model in Qatar
The framework agreement sets out plans for joint custody servicing model across local markets.
Custody
Standard Chartered appointed as custodian for First Sentier’s Hong Kong unit trust platform
The mandate expands existing relationship and consolidates fund servicing for Hong Kong-domiciled funds.
State Street sharpens push to sit at centre of digital and traditional markets
Custodian points to Alpha onboarding, digital asset platform launch and private markets growth as operating leverage extends into 2026.
State Street hits record servicing fee revenue of $10.9bn in 2025
Over the year, State Street secured four Alpha mandates, and $484bn in new servicing AUC/A wins, with the majority coming from insurance clients and asset managers.
Custody
BNY doubles down on organic growth as 2025 results shine
Strong growth in ETFs and private markets, alongside accelerating momentum in Asia, were key drivers of BNY’s 2025 performance, as the bank maintains a disciplined openness to M&A.
Russia exit drives Q4 surge for Citi’s securities services business
Annual revenue grows 15% to $5.8 billion – marking the fifth consecutive year of revenue growth for the firm.
Northern Trust expands global custody mandate with AMF
The renewed agreement with the Swedish pension provider includes custody and investment operations services.
BNP Paribas to support Infranity infrastructure fund launch
Wide-ranging mandate covers custody, administration, middle-office and depositary services for new ELTIF in France.
JP Morgan’s securities services revenue hits $5.6bn in 2025 as AUC reach $41trn
Custodian posts thirteenth consecutive quarter of year-on-year revenue growth, extending a streak that began in Q4 2022.
BNY posts record $9.7bn securities services revenue in 2025
Assets under custody/administration reach $59.3 trillion, as the global bank rounds off stellar year.