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.
News
Fireside Friday with… Clearstream’s Dirk Loscher
Dirk Loscher, CEO of Clearstream Europe, explains how Clearstream’s rebrand reflects its evolution into a pan-European CSD, with a view to simplifying access for clients, driving harmonisation, and pushing forward digital transformation in capital markets.
Northern Trust adopts Broadridge’s global class action services
The custodian expands asset recovery capabilities across more than 35 markets, including new “opt-in” jurisdictions.
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A new study by Broadridge, ISSA and The ValueExchange shows that despite record growth, outdated systems and poor data quality continue to hinder automation across the post-trade ecosystem.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.
BNY and National Bank of Canada go live on EquiLend’s 1Source platform
More counterparties are expected to join the DLT-based securities finance network in the coming months.
HSBC appoints former Citi executive as head of fund accounting and ETF services
Executive joins after almost three decades with Citi, spanning senior leadership roles across APAC and Europe.
Standard Chartered and OKX extend digital assets partnership to European Economic Area
Expansion builds on UAE launch to cover custody and trading across new markets.
Funds industry
UK’s FCA lays out tokenised fund regulatory framework
Report proposes guidance and rule changes to accelerate adoption of distributed ledger technology (DLT) in the funds space.
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.