State Street appoints new CFO
The newly appointed executive boasts almost four decades of industry experience across Citizens Financial Group, MUFG and JPMorgan Chase.
News
Northern Trust to service CG Scottish Widows’ LTAF range
Mandate includes custody, depositary, fund administration and transfer agency with Carne Group as AIFM.
People Moves
The ValueExchange adds JP Morgan securities services specialist as part of trio of new appointments
New senior appointments in advocacy, product and APAC, with backgrounds across JPMorgan, BNP Paribas, DTCC and SWIFT.
Fund services round-up: TMF Group, Ultimus, Ocorian, SS&C and more
This week’s fund services round-up features TMF Group, Ultimus, Ocorian, SS&C, Alter Domus and Apex Group.
HSBC executes first trade under enhanced offshore bond connect repo scheme
Bank supports cross-currency repo transactions and collateral reuse as Hong Kong deepens connectivity with global markets.
Custody
State Street launches on JP Morgan’s Digital Debt Service to offer custody for blockchain-based debt securities
Integration with the Digital Debt Service will enable custody of tokenised debt securities issued, settled and serviced using blockchain technology, and digital cash settlement with fully automated technical connectivity and no manual intervention required.
Apex Group and Global Custodian launch Financial Markets Book of the Year prize
Apex Group, in partnership with Global Custodian, has launched the Financial Markets Book of the Year prize, an annual award honouring authors worldwide for outstanding thought leadership in finance.This...
Australian custody assets reach record A$5.6trn as Northern Trust leapfrogs Citi
JP Morgan and State Street continue to lead the pack, with AUC of A$1.28 billion and A$1.02 billion, respectively.
Pirum names Ben Challice as new CEO
Industry stalwart will lead the business at a ‘pivotal shift’ in time for the securities finance industry.
Northern Trust expands relationship with Morningstar Investment Management
The renewed mandate spans a range of investment strategies across nine multi-managed mutual funds with approximately $5 billion in AUM.