Citi will provide trustee, custody, fund account and ETF services for the ETFs which introduce the benefits of a traditional covered call strategy to the world of ETFs in Hong Kong for the first time.
Global custody and fund administration mandate will be complemented with additional fixed income prime brokerage services for Danske’s alternative funds.
The UK has emerged as a significant market for Northern Trust, securing a string of deals, with the latest mandate involving the custodian supporting one of the UK's largest pension pools.
Selection made following due diligence and review process, with parties aiming to complete the transition by the end of 2024.
Global custodians have all now published their annual results for 2023, revealing a record sum of securities services revenue, while total AUC/A also returned to growth.
The new post-trade offering will provide a dedicated focus and expertise from country-specific fund experts across a range of services.
The Australian custody space is a fascinating one with seismic trends occurring on both the client and provider side. David Travers, CEO of the Australian Custodial Services Association (ACSA) discusses consolidation, the biggest issues facing its members and some themes that are, perhaps, less talked about yet still prominent.
The newly-established division brings together existing parts of the bank that currently serve more than 200 private capital clients with a range of products and services, including fund custody and administration.
The deal expands the existing partnership between the two organisations, which already included settlement services on selected institutional clients’ portfolios.
The asset management firm ends long-standing relationship with BBH, with Northern Trust now the single provider of servicing solutions.