News

Long-serving chief operating officer steps up with immediate effect after John Sergides stands down for health-related reasons. 

Deutsche Bundesbank served as issuing and paying agent, with DZ BANK and Societe Generale acting as advisers on the transaction. 

Record will be used for decision-making, oversight, risk management, performance analysis and day-to-day operations. 

The new share class of Aviva Investors’ £22 billion sterling liquidity fund is issued on Ripple’s XRP Ledger. 

Hong Kong-based executive joins from the Private Wealth Management Association, following previous roles at BlackRock, Merrill Lynch and Fidelity International. 

Renewed UK mandate extends a relationship that began in 2018 and covers fund administration, global custody, securities lending and performance measurement. 

The joint roadmap is currently scheduled for publication in November; FCA deputy chief executive has confirmed that the regulator will take action against firms that fail to prepare for the UK’s T+1 shift. 

Clearstream Fund Services’ global head of sales, Neil Wise, explains why legacy systems are struggling to keep pace with the rise of private markets, and what custodians need to do to stay competitive as fund distribution grows more complex. 

The 10-year bond was issued via Clearstream’s D7 DLT platform and distributed across Clearstream and Euroclear Bank, marking the first DLT-native benchmark bond from a European government. 

The custodian continues to build across its servicing businesses, with new mandates adding to its latest quarterly performance.