A former 20-year veteran of BNY Mellon has joined SS&C Technologies to drive business development for asset managers.
Tag: Asset managers
The partnership highlights a growing trend of Asian asset managers turning to securities lending as an additional source of income.
Despite unfavourable conditions for the global custody industry as a whole in the first few months of the year, Ron O’Hanley, State Street’s new CEO, sees untapped opportunities.
Over 90% of asset owners and managers believe more than 25% of their funds will be allocated towards ESG by 2021.
The ASIFMA paper suggested allowing investment managers and their lending agents, often global custodians, to carry out securities lending in the markets.
Asset owners are seriously considering bringing their trading capabilities in-house, which could result in a shrinkage of assets managed for a fee by managers.
State Street has highlighted its upcoming execution priorities, the formation of a new pricing committee, and how it will expand its asset servicing business.
PPM will use the platform for its entire collateral management margin workflow, collateral optimisation and trade reconciliation processes.
Potential changes to MiFID II could mean EU asset managers setting up a branch in the UK post-Brexit would face barriers dealing with European clients.
With increased requirements on fund transparency, it could provide further opportunities for custodians to offer analytics services to asset managers.