Executive joins Apex Group from Clearstream’s fund distribution platform, bringing more than 25 years of experience across fund distribution and financial market infrastructure.
Collateral Central Beta marks the first phase of a wider overhaul of the bank’s tri-party collateral offering, with further capabilities planned.
Growth in AUC/A and higher fees drove the increase, as Citi CEO Jane Fraser hailed the bank’s ‘best third-quarter revenue in a decade’.
Investment manager has replaced its legacy fund accounting system with FundGuard’s cloud-native platform to improve automation, real-time data visibility and scalability.
Securities services income posts double-digit year-on-year growth, though assets under custody show a rare dip.
Expanded licence allows Zodia Custody’s Abu Dhabi subsidiary to hold tokenised securities, as financial institutions explore bringing traditional assets on-chain.
Time-zone differences could leave global investors with only an overnight window to complete critical post-trade activities, according to a Deutsche Bank whitepaper.
Executive joins BNY after roles at Citi, JP Morgan, BBH and PIMCO.
Bank of China (Hong Kong) becomes the first member to onboard, giving CMU members access to Swiss and Spanish equities through CMU’s nominee account with SIX.
Provider will also deliver management company and fund administration services for BlueDot’s new investment platform.