NatWest Trustee and Depositary Services snaps up former Morgan Stanley European PB exec
UK-headquartered depositary appoints Morgan Stanley executive to lead customer services and operations.
Market Infrastructure
Clearstream launches new fund distribution support business following Fondcenter acquisition
The new business includes the combination of Clearstream’s existing Fund Desk and will service over $290 billion of assets under administration.
DTCC outlines steps to fully automate $780 billion of physical securities
DTCC stated dematerialisation would reduce the risks and costs associated with manual processing and human touchpoints.
Euroclear names new chief executive for Sweden
CSD appoints SIX x-Clear’s deputy head as its new CEO for Sweden.
SIX launches front-office service to assess tax-related costs of financial products
The tool is designed to analyse the tax consequences of financial products, and is available to banks, wealth and asset managers.
SWIFT sets out two-year strategy for instant payments and securities processing
The new strategy aims to enable instant and frictionless end-to-end transactions between the world’s financial institutions.
Euroclear’s CREST suffers outages, hits Bank of England gilt buy-back
Euroclear's CREST system has suffered two outages, causing intermittent delays to settlement and impacting the Bank of England's gilt buy-back operation.
ISSA’s new leadership sets out vision for post-pandemic securities services industry
ISSA's Phil Brown and Vicky Kyproglou discuss their vision for the organisation, and how the industry body plans to react to the ‘new normal’ in a post-COVID 19 world.
Taiwan CSD partners with major indices providers for new ESG service
The Taiwan Depository & Clearing Corporation (TDCC) collaborates with FTSE Russell and MSCI among others on new ESG initiative.
Clearstream selects WM Gruppe to support SRD II obligations
Clearstream will use the WM-SRD-Hub for its central securities depositories (CSDs) in Germany and Luxembourg to comply with SRD II next month.