A number of bank-owned fund administration business are looking to capitalise on the rapid growth in private markets.
Tag: asset owners
Northern Trust reported it had brought on 22 insurance clients with approximately $65 billion in assets over the last two years at the end of 2018.
State Street has made a series of enhancements in support of asset owners, as it prepares to onboard buy-side clients to its front-to-back model.
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.
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.
Foundations, endowments and public pension funds lead the charge into ESG strategies.
Outsourcing partnerships were ranked as a relatively low priority as it is already a core part of many buy-side strategies.