Citi wins securities lending mandate for $108 billion mutual funds
Citi will provide third-party securities lending services for Hartford Funds mutual funds.
Securities Finance
Goldman Sachs securities lending veteran departs
Martin Cosgrove recently resigned from the board of Equilend Europe.
Growth in non-liquid funds forcing prime brokers to diversify
Deutsche Bank's survey showed demand for hybrid private equity/ hedge fund vehicles have seen an upward trend, with 38% of respondents investing in these products.
Nomura taps Credit Suisse for new global co-head of prime finance
The appointment signals a bid to revitalise the business, two years after Nomura significantly re-sized its European prime brokerage unit.
Citi makes landmark move to accept ETFs as collateral
Citi’s plans to go live with a fund administration service for European exchange traded funds (ETF) in 2018.
Broadridge to launch electronic repo trading platform
The Repo Order Quote service provides traders with the ability to quote and execute repo trades on aggregate basis.
State Street testing blockchain system for securities lending, says CEO
Hooley told Global Custodian the bank is underway with a number of pilot blockchain programmes to streamline and automate processes.
BNY Mellon to launch FX prime brokerage service
The custodian bank is looking to allow its clients to access a new source of much-needed liquidity in the FX space.
Cantor Fitzgerald’s prime brokerage head departs for private equity manager
Noel Kimmel, who founded Cantor Fitzgerald's prime brokerage business in 2009, has left to join Cerberus Capital Management.
IHS Markit and REGIS-TR partner for SFTR reporting service
REGIS-TR will work with IHS Markit on interoperable SFTR reporting solution.