The service is supported by a new Edinburgh-based operation managing its back-office processing function.
The Singapore-based bank will combine and align its custody and post-trade operations with the portfolio risk management and prime finance businesses.
Bank to combine global markets and securities services businesses into a single unit, handing new roles to its two custody heads, Global Custodian understands.
Global Custodian data analysed by Aite Group predicts prime brokerage revenues to soar in 2020, as banks face up to challenges in their service provision and business models.
Northern Trust's current CFO of the wealth management business will take on the group CFO role next year.
The European Commission intends to endorse the draft regulation but will amend certain details ahead of implementation.
The regulatory hiatus following the implementation of the Alternative Investment Fund Managers Directive (AIFMD) and before the introduction of the Markets in Financial Instruments Directive II (MiFID II) should give managers an opportunity to review their AIFMD service provider relationships, and if necessary, change them.
Accountis Ltd, a division of Fundtech, provider of secure financial document exchange and payment systems, has been working with DHL, international express and logistics industry service, for two years developing their e Billing capabilities, and will support their expansion into