Custody
Earlier this year, BNY Mellon's Scharf proposed a move to an ‘open solution model’ where it will work with external providers and platforms.
People Moves
The appointments follow the recent addition of an artificial intelligence (AI) and robotics expert from State Street last month.
Custodians are moving to becoming one-stop-shop platforms, enabling investment managers to access a wider range of data and analytics tools.
BNY Mellon plans to deliver real-time trade data, asset prices and cash positions to the 40-50 clients it shares with BlackRock’s Aladdin.
Panelists argued an organisation from outside the asset management industry could pull buy-side firms together.
State Street announced assets under custody of $33.8 trillion, up 9% year-on-year and overtaking BNY Mellon for the first time in three years.
World's largest asset manager is in the testing phase of a private blockchain through Aladdin with custody banks.
Custody
Strong custody inflow expectations for JP Morgan could push it ahead of its rival.
Custody
State Street has continued to grow its assets under custody and administration despite the landmark BlackRock shift earlier this year.
Custody
World's largest asset manager revealed it is using its in-house technology to increase the efficiency of its custody relationships.