Sberbank gains license to open office in the United Arab Emirates
Russian bank gains regulatory approval to operate in the UAE and is awaiting final approval to open an office in Abu Dhabi.
Custody
ISSA’s new leadership sets out vision for post-pandemic securities services industry
ISSA's Phil Brown and Vicky Kyproglou discuss their vision for the organisation, and how the industry body plans to react to the ‘new normal’ in a post-COVID 19 world.
UMB Bank appointed custodian for E-Valuator’s mutual funds
The mandate follows the recent enhancement of UMB Institutional Custody’s trading platform capabilities by adding Broadridge’s Matrix Financial Solutions.
Interdealer broker Tradition awards custody mandate to Deutsche Bank for Turkish market
Deutsche Bank will support the broking firm’s institutional clients with custody and settlement services for its Turkish fixed income securities.
Northern Trust makes senior appointments to Middle East and Africa unit
The new appointments will aim to bolster Northern Trust's operations in Saudi Arabia and the wider Middle East and Africa region.
RBC I&TS wins custody mandate from Canadian real estate fund manager
RBC I&TS will provide custody and investment administration services for the Presima Yield Fund.
Apex partners with Calypso to provide front-to-back solutions for Ardent Financial
The partnership with Calypso will enhance Apex’s ability to provide independent middle and back-office services to clients.
Citi becomes first US bank approved to launch custody operations in China
The license also makes Citi the first among the top five global custodians to win approval to set up shop in China.
BNY Mellon recruits former Credit Suisse executive to lead Germany and CEE business
BNY Mellon has bolstered its business in the region with several strategic hires over the past few years.
Northern Trust names two new appointments to growing front-office unit
Front-office unit continues to grow in clients and personnel as Northern Trust bolsters team.