First Abu Dhabi Bank goes live with post-trade platform MENASSA
The new post-trade offering will provide a dedicated focus and expertise from country-specific fund experts across a range of services.
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.
Assets under custody and administration both rose over a six-month period from June-December 2023 as custodian league table competition becomes tight.
Double-digit revenue growth from 2022 bolstered by a 7.3% annual increase in AUC/A.
The Emirati investment firm will benefit from global custody, administration and transfer agency services to manage its multi-asset class portfolio.
Fund manager with AUD$16.6 billion in assets under management previously used NAB Asset Servicing as its custodian.
Launching this week, the platform will provide clients with a real-time view of cash balances and positions.