The acquisition allows Clearstream to enter the domestic Australian fund markets and to directly serve Australian clients within the same region and time zone.
Superannuation fund owned by the Government of South Australia selects Northern Trust for custody mandate.
New impact investment manager selects RBC as custodian and administrator in Australia.
Australia’s largest custodian continues to grow with extended deal from asset manager for its unlisted unit trust assets.
The departure relates to RBC I&TS' realignment of the Australia business within its global organisation, and has appointed a general manager instead.
The acquisition of the business marks Clearstream’s first venture into the Australian funds market, as it looks to grow its presence in the Asia-Pacific region.
Former Citi and JP Morgan fund services head joins rapidly-growing team at Intertrust.
BNP Paribas will provide CMC Markets with custody and settlement services for its trading activities across 11 countries.
RBC I&TS is currently two years into a four-year programme of digitally transforming its back- and middle-office services globally.
JP Morgan was the largest custodian in Australia with $778 billion in assets under custody at the end of 2017.