Northern Trust eyes increased scalability after CEO admits missing targets
Northern Trust is in the midst of a multi-year strategy of digitising its asset servicing business, with the aim to increase profitability and scale.
Technology
German central bank backs DLT for collateral management
Deutsche Bundesbank and Deutsche Boerse have outlined the several advantages DLT will bring to increasing the speed and availability of collateral.
BNY Mellon extends interoperability model to tri-party collateral services
Interim CEO Todd Gibbons believes the interoperable model will help increase its global market share of the tri-party market.
Broadridge to buy FundsLibrary to grow buy-side transparency solutions
The acquisition from Hargreaves Landsdown will see Broadridge combine FundsLibraby's capabilities with its existing regulatory communications offering.
Asia
Global Custodian announces Leaders in Custody awards shortlist 2020
Annual survey honours top performers from GC’s Agent Banks in Emerging and Major Markets surveys accompanied by Editors’ choice awards. The full list can be found here.
JP Morgan makes strategic investment in post-trade technology partner
After converting a ‘substantial portion’ of its alternative investment services business to post-trade technology provider Arcesium, JP Morgan makes a strategic investment.
GAM Investments revamps investment operating model with SimCorp
Partnership will see GAM use SimCorp Dimension as its core front-office platform, with the transition due to begin this month.
Fnality joins blockchain standards organisation
Fnality will collaborate with other industry leaders to create a set of Ethereum-based enterprise technology best practices and open standards.
BNP Paribas Securities Services extends Temenos contract for fund admin growth
Temenos is increasingly integrating its technology with many of the leading securities services, fund administration and buy-side firms.
US pension fund PSERS consolidates post-trade systems with SimCorp
SimCorp have signed up a growing number of North American asset owners that have adopted the platform to optimise their investment operations.