Citi’s securities services momentum persists with 24% revenue growth in Q3
The custodian's assets under custody/administration reached $26 trillion as part of 16th consecutive quarter of securities services revenue growth.
The custodian's assets under custody/administration reached $26 trillion as part of 16th consecutive quarter of securities services revenue growth.
Along with launch the industry sandbox, DTCC has also revealed the results of a proof-of-concept aimed at optimising collateral management through tokenisation.
A digital asset manager backed by DRW and Cumberland has yield-bearing US Yield Coin (USYC) which will allow holders to hold and deliver collateral across the Canton Network.
Fee revenue reaches a quarterly total of $2.61 billion – up 11% year-on-year.
Vice chairman and CFO to exit for a new role after more than eight years with the custodian.
This week’s fund services round-up features: Ocorian, Langham Hall, Aztec Group, AirFund, Maples, Apex and Norlantic.
A new report emphasises the need for the EU to coordinate closely with the UK in H2 2027 for a switch to a T+1 settlement cycle, while also detailing the need for a maximum possible notice period for transition and a temporary suspension of cash penalties over the implementation period.
Custodian also points to a larger pipeline for business yet to be installed, with client interest now spanning multiple business lines.
The total marks the second consecutive quarter in which the securities services unit has posted a record revenue total.
Coveted target reached for BNY, six years after becoming the world’s largest custodian, in a quarter where the bank also posted a record for fee revenue.