JP Morgan secures renewed HESTA custody and fund services mandate
Five-year extension follows independent review focused on value, execution quality and member outcomes.
Five-year extension follows independent review focused on value, execution quality and member outcomes.
Agreement extends decade-long partnership as the asset manager seeks to evolve its mutual fund operations.
Partnership to explore institutional opportunities across global custody and asset servicing in the Sultanate.
Tatton Investment Management also names Apex Group as administrator for new multi-asset fund range.
Speaking at Citi’s recent Investor Day, services head Shahmir Khaliq highlighted the importance of bank grade custody solutions that clients ‘can trust’.
Bank acted as both custodian and futures margin depository bank in inaugural transaction.
New functionality aims to support cost effective, risk minimising processes, improved transparency and fewer operational breaks.
The custodian has supported the Malaysian public sector pension fund’s international investment programme for more than 15 years.
Transaction will integrate Zodia Custody’s digital asset custody operations into Standard Chartered’s financing and securities services business.
Record fund deposits and elevated settlement activity drove growth, while Russia-related sanctions continued to loom on the business with €38 million in direct costs.