The TRADE sits down with Gary O’Brien, head of bank and broker segment strategy, securities services at BNP Paribas, to explore the upcoming shift to T+1 in Europe, how this may impact the industry, and look ahead to how this will align with further developments in the markets.
Assets under custody reached €42.5 trillion, marking a 2.4% sequential increase.
The former custody and product lead brings over two decades of experience across European markets.
Assets under custody/administration edge up to $18.2 trillion as revenue and profit margins strengthen.
Momentum builds as the custodian accelerates the implementation process for new clients.
The mandate forms part of GPIF’s ongoing efforts to improve transparency and performance across its alternatives portfolio.
The former Credit Suisse executive joins SSImple after almost a year at Taskize.
Agreement covers services including accounting, reporting, and unit pricing for UK-based real estate funds, and has expanded to additional asset classes and jurisdiction.
Executive will oversee all business lines to “enhance cohesion” across the region.
Chief executive points to the impact of the firm’s new operating model, strong momentum within ETF and private market segments, and an openness to M&A opportunities.