BNP Paribas Securities Services has been one of the most active banks in establishing partnerships with FinTechs and other third-party providers. Alvaro Camunas, head of client development at BNP Paribas Securities Services, explains to Global Custodians the motives behind these recent moves.
Custodian’s front-to-back strategy shift continues to see rewards with a third of mandates relating to Alpha.
Custodians are now more willing to use the third-party front- and middle-office platform of their client’s choice for large asset servicing deals.
For some of the Standard Chartered’s clients, the partnership marks the first integrated front-to-back solution is available for emerging and frontier markets.
The launch of the solution comes as BlackRock looks to make its Aladdin Provider platform a core infrastructure used between investment managers and asset servicers.
Agreement will allow custodian’s asset servicing business to operate BlackRock Aladdin’s middle-office service on behalf of common strategic clients for a more integrated front-to-back model.
HSBC will begin rolling out its securities services offering on the Aladdin Provider platform to clients globally from 1H2021, starting in Hong Kong and Singapore.
Industry expert warns of complications in separating ‘church from state’ following call for division of custodian and asset management units
The suggestion by an influential US think tank last week could have a significant impact on other custodians in the market if such a move was widely enforced.
The American Economic Liberties Project says that the law should be amended to separate systemically important infrastructure activities from other lines of business.