HSBC retains back-office outsourcing mandate from BBC Pension Scheme
HSBC's reappointment followed a detailed independent benchmarking and due diligence exercise of the pension scheme’s global custody arrangements.
HSBC's reappointment followed a detailed independent benchmarking and due diligence exercise of the pension scheme’s global custody arrangements.
The hire is the latest in State Street’s effort to bolster its asset owner servicing team globally.
Asset managers and asset owners with over $100 billion in assets under management (AuM) said they plan to reduce their number of service providers.
The new tools will provide further support for institutional investors and asset owners that manage their own sophisticated portfolios.
The renewal continues a 14-year relationship between the two firms, after AP7 carried out a detailed procurement process that started in March last year.
State Street has devoted significant investment into boosting its asset owner servicing capabilities through a number of senior appointments and partnerships.
SEI’s Enhanced CIO platform will enable institutional investors that have in-sourced investment management to support asset owners’ overall operating infrastructure.
Majority of central banks, sovereign funds and pension funds have ESG investment policies in place according to new research.
UK institutional investors have become a key target for BNP Paribas, as it aims to drive new sales opportunities with asset managers and asset owners.
AIA Group has become the first to sign up for the service, enabling them to reprice derivatives and collateral in more than 3,000 economic scenarios.