Northern Trust lands asset servicing mandate from $86 billion Norwegian asset manager
The mandate will include global custody and fund administration services for Storebrand's AIF and UCITS Luxembourg-domiciled funds.
The mandate will include global custody and fund administration services for Storebrand's AIF and UCITS Luxembourg-domiciled funds.
PIMCO will use OpenGamma’s technology in a bid to reduce margin financing costs for derivatives trading.
Asset managers and pension funds have expressed concerns the CSDR mandatory buy-in regime will impact liquidity and increase costs.
The new appointments reflect HSBC’s growth ambitions to expand the division that caters to its buy-side clients.
FIS would provide Victory Capital a 24/7, real-time mutual fund processing and recordkeeping platform, as well as transfer agency services.
Depositary industry faces mounting speculation that it could face increased regulatory scrutiny as a result of the Woodford episode.
The new ETF structure could encourage asset managers who have, in the past, shied away from passive investing to transition.
The purchase is Broadridge’s sixth acquisition this year as it looks to bolster its asset management capabilities.
Custodians are aiming to evolve their outsourcing business model and leverage new technology to accommodate front-office solutions.
First State Investments will use the service for end-to-end automation of its UK investment funds from order placement, to settlement and asset servicing.