Northern Trust selected as custodian for €2.3bn Dutch pension scheme
POB is a public sector scheme dedicated to the library sector in the Netherlands with approximately 25,000 members.
News
HSBC’s former securities services APAC lead takes up CCO role at Calastone
Hire brings 30 years of financial services experience to the role, including 14 years at HSBC.
State Street launches digital proxy voting service in UK & Ireland through Proxymity
Global custodian follows rivals BNY Mellon and Citi in adopting Proxymity services this month.
Data collection a key concern for investment managers ahead of T+1
Determining the root cause of fails and extracting accurate data cited as the two biggest concerns for managers in new Gresham Technologies report.
Clearstream rolls out data-based collateral management tool
New platform has been designed to optimise clients’ collateral management positions.
BNP Paribas wins securities lending mandate with Corporación Andina de Fomento
The development bank of Latin America and the Caribbean will utilise BNP Paribas as agent lender for its $1.3 billion portfolio.
Custody revenues from North America and APAC spark best year ever for securities services providers, finds report
Research from Coalition Greenwich reveals 6% growth among the top dozen custodians.
Swift targets corporate actions inefficiencies in new blockchain pilot
Citi and Northern Trust participated in the trial, which could significantly reduce the manual effort and errors in corporate action processing.
UK participants ‘not keen’ on domestic move to T+1 despite ‘inevitability’ of transition
Over 90% of participants in a research study see increased risk of trade failures, penalties, and market inefficiencies.
JP Morgan exec joins Euroclear Bank as head of new collateral management services unit
The newly combined unit will be responsible for client service, onboarding and operations in the collateral management space.