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’.
Executive to leave role after more than two years at HSBC, having previously spent nearly a decade at State Street working across digital asset strategy and product development.
Assets under custody and/or administration rise marginally from the second quarter, while revenue growth is supported by higher client activity, new business and market values.
Former Fundbank executive returns to Northern Trust after more than 20 years the custodian, where he held senior roles in client coverage and relationship management.