BBH expands custody mandate with Weitz Investment Management
Mandate expansion signals broader shift towards consolidated servicing across fund structures.
Mandate expansion signals broader shift towards consolidated servicing across fund structures.
Assets under custody/administration hold at $18.6 trillion as market tailwinds and client activity support growth.
New structure adds blockchain-enabled access route for gold exposure, with custody and tokenisation services integrated into existing ETF framework.
Custody and fund services relationship renewed for a further five years following competitive tender.
New servicing fee revenue wins reached $56 million during the quarter, driven primarily by back-office mandates and alternative asset servicing.
Emily Schlosser, global head of custody business at BNY, highlights how rising complexity in private markets is driving demand for integrated custody, high-quality data and agile liquidity solutions.
The phased approach links trading,custodyand collateral management ason-chainassets move closer to institutional workflows.
Collaboration reflects the growing need for institutional-grade safeguards as crypto assets feature more prominently in distressed estates.
Agreement with Digital Asset supports connectivity and development of custody workflows for tokenised financial assets.