The service builds on the alliance struck between BNY Mellon and NCB Capital - now SNB Capital following its merger with Samba Capital – in October 2020.
Tag: asset owners
Custodians will have to deliver outsourcing service models that can support and accelerate growth for some of Asia's largest asset owners and managers, according to State Street's head of APAC Mostapha Tahiri.
BNY Mellon's CEO and chairman, Todd Gibbons, revealed the mandate win after the bank posted a jump of 21% in AUC/A.
Insurance asset servicing specialist switches BNY Mellon for State Street after almost 20 years with the custodian.
The findings follows a wave of buy-side firms that have expanded into private markets in response to increasing pressure on performance and fees.
HSBC has signed securities services partnerships with the National Grid UK Pension Scheme and the Cadent Gas Pension Scheme.
State Street continues to bolster its impressive list of clients that are using the Boston-based custodian for full front-to-back office services.
The mandate follows the launch of its new Oslo-based office, its second in the Nordic region, where it will offer onshore depositary services to buy-side firms.
State Sreet will provide performance and analytics solutions, and fund services to the pension fund’s $4.7 billion real estate portfolio.