Citi’s Q1 securities services revenue jumps 17% to $1.48bn
Growth was driven by a combination of higher fee income and improved interest dynamics, according to the bank.
News
JP Morgan reports 18% growth in Q1 securities services revenue
Custodian extends year-on-year growth streak to 14 consecutive quarters, supported by higher market levels and client activity.
BNP Paribas secures Janus Henderson servicing mandate across Europe and APAC
Appointment extends two-decade relationship as asset manager streamlines operating model.
Northern Trust names APAC head of industry development
New hire set to focus on engagement with asset owners across Australia, New Zealand and the wider region.
BNP Paribas extends multi-custodian automated FX solution to continental Europe
La Financière de l’Échiquier becomes first client in France to adopt the third-party service.
BBH’s head of European product retires after 33-year career
Executive spent over three decades across Brown Brothers Harriman, BNY, HSBC, Deutsche Bank, Impendium Systems, NatWest and State Street.
Fireside Friday with… Citi’s Biswarup Chatterjee
Biswarup Chatterjee, global head of partnerships and innovation at Citi, outlines how a decade of in-house blockchain development has culminated in a live Ethereum pilot and upcoming institutional crypto custody offering.
BNY chosen for custody and administration role on Morgan Stanley’s bitcoin ETP
Mandate sees the custodian support Morgan Stanley investment management's entry into digital assets, alongside Coinbase Custody.
Market Infrastructure
On the front foot: How Europe’s biggest CSDs have taken control of their own destiny
Europe’s central securities depositories have long been seen as the quiet infrastructure beneath the market. But when facing a wave of technological disruption, regulatory change and a renewed push for more integrated capital markets in Europe, the region’s post-trade infrastructures are now evolving to look very different from how we’ve previously viewed them.
State Street hires head of product management for MENA
Executive joins from First Abu Dhabi Bank, with prior roles at Standard Chartered and Deutsche Bank.