Fund services round up: Apex Group, Ultimus Fund Solutions, Waystone and more…
This week’s fund services round-up features Apex Group, Ultimus Fund Solutions, Waystone, Suntera Fund Services, Langham Hall, Arcesium, and Maples Group.
News
State Street sharpens push to sit at centre of digital and traditional markets
Custodian points to Alpha onboarding, digital asset platform launch and private markets growth as operating leverage extends into 2026.
State Street executes first Eurex repo trade for Dutch asset manager
The service allows buy-side access to centrally cleared reverse repo transactions.
Deutsche Bank enables digital proxy voting in the US
Launch of Proxymity’s Vote Connect Total platform aims to modernise proxy voting process for institutional investors with real-time transparency and faster execution.
BNY integrates Morningstar DBRS into global collateral platform
The expanded ratings coverage broadens collateral eligibility for triparty allocation.
State Street hits record servicing fee revenue of $10.9bn in 2025
Over the year, State Street secured four Alpha mandates, and $484bn in new servicing AUC/A wins, with the majority coming from insurance clients and asset managers.
Custody
BNY doubles down on organic growth as 2025 results shine
Strong growth in ETFs and private markets, alongside accelerating momentum in Asia, were key drivers of BNY’s 2025 performance, as the bank maintains a disciplined openness to M&A.
Pirum expands client coverage teams across North America and EMEA
Appointments bring experience from AccessFintech, LSEG, State Street and JP Morgan.
BNP Paribas expands securities services leadership in Nordics
Individual brings 30 years’ experience in asset servicing and asset management and will lead institutional investor sales and client coverage from Stockholm.
SNB Capital launches market access services for foreign investors
The offering follows regulatory reforms which will open Saudi Exchange to overseas participation.