State Street making ‘meaningful progress’ in scaling Alpha
Momentum builds as the custodian accelerates the implementation process for new clients.
Custody
Custody
BNY’s Robin Vince lifts the lid on custodian’s recent successes
Chief executive points to the impact of the firm’s new operating model, strong momentum within ETF and private market segments, and an openness to M&A opportunities.
State Street surpasses $50 trillion in AUC/A
CEO Ron O’Hanley credits disciplined execution and client-focused innovation for driving record assets and steady fee growth.
Infrastructure under strain as asset servicing volumes surge, report finds
A new study by Broadridge, ISSA and The ValueExchange shows that despite record growth, outdated systems and poor data quality continue to hinder automation across the post-trade ecosystem.
BNY posts quarterly securities services revenue of $2.4bn
Assets under custody/administration also reach high of $57.8 trillion.
Citi posts 7% securities services growth in Q3 as AUC/A rises to $30trn
Growth this quarter is driven by higher custody fees and mark-to-market gains amid steady deposit balances.
Custody
JP Morgan’s assets under custody cross $40trn for first time
Custodian also posts twelfth consecutive quarter of securities services revenue growth – extending a streak that began Q4 2022.
Northern Trust appointed as global custodian by IFFEd
New partnership designed to bolster IFFEd’s financial infrastructure as it scales efforts to expand access to global education finance.
Lack of clear standards threatens digital asset custody, warns Sibos panel
Representatives from the DTCC, Citi and Zodia Custody mull the fragmentation challenges that are still holding back the digital asset space.
U.S. Bank mandated as custodian for Anchorage Digital’s stablecoin reserves
The appointment follows Anchorage Digital Bank’s launch of its GENIUS Act-compliant stablecoin platform, backed one-to-one by high-quality liquid assets.