The exit comes at a crucial time in the post-financial crisis regulatory agenda, with multiple rules set to come into force over the next couple of years.
Pershing has recruited two new sales directors who will be tasked to support its ambitious growth strategy for Europe.
Long-serving Deutsche Bank market advocacy head departs after 20 years for new role.
As closet tracker funds hit the Financial Conduct Authority’s radar, one expert says the issues raises data questions for asset owners and managers.
State Street has hired a former buy-side executive from HSBC Securities Services to lead its sales initiatives across products and buy-side client sectors.
New Digital Vault service will enable global custody clients of HSBC to access details of their private assets in real-time.
SGX stated the new rates would make it more attractive for institutional investors to borrow, and could result in higher volumes.
Asset managers and pension funds have expressed concerns the CSDR mandatory buy-in regime will impact liquidity and increase costs.
HSBC Securities Services is aiming to capitalise on the growing interest from foreign investors in Middle Eastern markets, particularly Saudi Arabia.
APAC markets outside of China are seeing renewed interest from global institutional investors following a series of market structure and regulatory reforms.