Global Custodian understands a successor to lead the APAC business will be announced in due course.
KDBA is the first APAC client to be administered on Allvue, the technology platform for closed-ended alternative funds which Mainstream utilises.
One of Global Custodian’s 30 to Shape the Future among new hires as State Street bolsters its APAC leadership team.
Bank maintains that its securities services business including custody services will not be affected by the deal.
The French custodian is working towards becoming a general clearing participant of the exchange, which is expected to be completed within the first half of 2021.
Standard Chartered has recently undergone a major restructuring to the securities services business after combining it with prime finance services.
Modular Asset Management was spun out of US hedge fund giant Millennium Capital Management earlier this year.
Von zur Mühlen, a key operator in Deutsche Bank's major investment banking restructure, will replace near-30 year veteran Werner Steinmüller as CEO of its APAC business.
HSBC Securities Services hires former Citi and JP Morgan veteran to lead asset manager and asset owner sales and client managemet.
ESG has been a growing focus for BNP Paribas, which has been one of the leading voices in the securities services industry to advocating the concept.