State Street continues to bolster its impressive list of clients that are using the Boston-based custodian for full front-to-back office services.
Northern Trust has made several enhancements to its global middle-office platform in response to rising demands from buy-side clients.
The move follows its acquisition of RBC’s Australian custody business back in March.
The Charles River IMS will be used to provide NAB Asset Servicing’s clients with advanced compliance monitoring, overseeing and reporting tools.
Asset manager becomes the first to go live on JP Morgan’s InvestOne platform in Australia and New Zealand.
The mandate comes as JP Morgan renews its focus on global custody after undergoing a strategic review of its securities services business in the region.
The findings highlight the sharp divide between processing fund transfers manually that require ‘wet’ signatures and using an automated system.
The decision comes after a strategic review on its securities services businesses in the region, and has instead opted to focus on its global custody product.
The US bank has established itself as the largest custodian in Australia, servicing around AUS$866.7 billion in assets as of the end of 2019.