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.
The moves follow the recent appointment of James Nolan as group head of strategy and merger and acquisition.
Robotics and automation has been touted to generate $20 billion in savings across the securities services industry.
Madeleine Senior, who has served as country head for almost three years, will take on a new leadership role in London.