Custody

Global Custodian sits down with Alan Flanagan, head of global client coverage for asset servicing at BNY, to discuss the major trends currently facing the asset servicing industry.

Custodian also posts a record high AUC/A of $17.4 trillion, rising 5% from the previous quarter.  

A record first half of the year for the biggest asset servicers was driven by custody revenues, with EMEA the standout region for growth.

The launch of ‘Private Markets Data Solutions’ represents another upgrade to JP Morgan’s Fusion platform as the asset servicer looks to provide standardised data from multiple sources, helping investors analyse their full portfolio across private and public holdings. 

Significant global player with a large US presence made the switch from a competitor this quarter, says CEO O’Hanley.  

The custodian's assets under custody/administration reached $26 trillion as part of 16th consecutive quarter of securities services revenue growth. 

Fee revenue reaches a quarterly total of $2.61 billion – up 11% year-on-year.  

The total marks the second consecutive quarter in which the securities services unit has posted a record revenue total.  

Standard Chartered will provide a suite of fund and services to the Hong Kong-based fund manager.