Institutional uptake of cryptocurrencies on the rise as the need for custodians intensifies
State Street survey shows percentage of institutional investors trading cryptocurrencies has increased five-fold since last year.
Custody
Custodians aim to bring a new standard to legacy infrastructure systems
New and disruptive technologies are causing a fundamental shift in mindset towards approaching legacy systems as custodians look to think outside the box.
Rescheduled date for Global Custodian’s Leaders in Custody awards
Annual Leaders in Custody awards set to take place on the new date of 3 September 2020.
Bill allowing Georgia pension to invest in alts underscores growing asset servicing opportunities
A new bill means approximately $4 billion could soon flow to alternative asset managers, opening the door for service providers to up their offerings.
Pershing’s RIA custody head to retire after decade in the role
New head of Pershing’s registered investment advisor custody business announced as long-serving executive confirms retirement.
HSBC to combine markets and securities services divisions in major restructure
Bank to combine global markets and securities services businesses into a single unit, handing new roles to its two custody heads, Global Custodian understands.
Australian custody assets jump in 2019
JP Morgan remains country’s largest custodian, while Citi and Northern Trust see large rises in assets under custody.
TCS executive elected to ISSA board of directors
International Securities Services Association continues to broaden its range of members with addition of technology vendor to its board.
SS&C hires European sales specialist from Societe Generale
Fund administrator taps custodian for experienced Dutch and Nordic markets sales specialist.
JP Morgan shines spotlight on securities services at investor day
JP Morgan has now moved up to number two in the global custody rankings with just under $27 trillion of assets under custody.