Ex-BNY exec joins U.S. Bank to lead European product strategy
Former BNY, Citi and AIB executive brings nearly three decades of fund services and product development experience to U.S. Bank’s European platform.
Former BNY, Citi and AIB executive brings nearly three decades of fund services and product development experience to U.S. Bank’s European platform.
Former Northern Trust executive with nearly 20 years at the firm brings extensive digital assets and product execution experience.
Assets under custody and administration climb 7% on strong transaction volumes and new mandates.
Adrian Whelan, global head of market intelligence at Brown Brothers Harriman says geopolitics is the unavoidable elephant in the room for global regulation. Cross-border firms are facing overlapping and conflicting rules on funds, settlement, ESG, and digital assets - and political tensions are increasingly shaping how regulators enforce them.
The expansion extends end-to-end voting coverage across the custodian’s global network, as investor focus on governance and transparency intensifies.
Russian sanctions and countermeasures continue to impact the business, with a €342 million provision being taken “given material risks and uncertainties”.
Former DTCC, BBH and State Street executive brings more than two decades of experience in client relationships, strategic accounts, and business development across custodial and financial services.
Research points to higher costs and operational complexity for custodians in Europe, with meaningful harmonisation still likely years away.
Hang Seng Investment launches Hong Kong’s first exchange-traded fund to offer physical gold redemption through HSBC.
Major banks including Crédit Agricole CIB and Bank of China tap offshore Chinese government bonds for margining.