Investments into technology was cited as a core factor for State Street achieving new business wins.
The new account will bring around 80% of the custody and settlement volume of T2S markets onto Clearstream’s Investor CSD services.
Katherine Starks leaves Euroclear to head up the asset servicing business in Germany, Austria, Switzerland and CEE region for BNY Mellon.
Dennis Presburg joins BNY Mellon to lead business development in the region and head up asset servicing sales in Germany.
Clearstream is aiming to simplify the asset servicing process on T2S with a new partnership model in the first quarter of 2018.
Rohan Singh left his previous role at Northern Trust in early May and will now become APAC head of asset servicing at BNY Mellon.
Stephen Doyle returns to BNY Mellon from Societe Generale in a newly created asset servicing role.
Nordea Bank opts for BNY Mellon as custodian of its US debt and equity portfolios.