Failed trades are rising faster than settlement volumes, exposing operational weaknesses that could become harder to manage as Europe moves to T+1 in October 2027, according to DTCC and ValueExchange.
The deal will bring Zodia Custody’s regulated digital asset custody operations into Standard Chartered’s securities services business, while its software and professional services arm will be spun out into a separate entity.
The group’s chief risk officer will succeed Sneyers as CEO from January 2027, while its chief banking and network officer takes over the group risk role.
Italian provider seeks to ‘bring key processes closer to its clients and support faster development of future operating capabilities’, with transfer expected to take effect no earlier than January 2027.
It’s going to be a late one: Euroclear UK & International will stay open until 11pm and reopen at 2am from November, while the settlement taskforce mulls challenges over buyer protection and corporate actions.
New independent wealth management firm founded by former JP Morgan Advisors executives will use Pershing and Schwab for custody and lending.
Executive held senior securities services roles across Asia and Latin America, most recently leading Citi’s Asia South business.
Executive oversaw technology initiatives spanning cloud adoption, AI and blockchain during his tenure.
The exchange will overhaul settlement processes and introduce new workflow tools as the market prepares for a shorter settlement cycle in 2028.
CEO Jane Fraser describes the firm as ‘the undisputed leader’ within the services space, with a model ‘almost impossible to replicate’.