DTCC confirmed it has now onboarded Citadel, Franklin Templeton, Nordea Investment Management and PIMCO to its SFTR reporting service.
Northern Trust is in the midst of a multi-year strategy of digitising its asset servicing business, with the aim to increase profitability and scale.
The appointment is the latest in a string of moves by Citi to upgrade its middle-office platform for asset managers.
Despite the extension to comply with the final phase of the uncleared margin rules, major operational challenges remain for buy-side firms.
Data will be a future revenue source for securities services providers, but custodians need to work harder at providing use cases for it before charging clients.
In the final part of our ‘what to look out for in 2020’, we ask industry experts’ in for their input on what changes they see within the client world and market infrastructures in the New Year.
PIMCO will use OpenGamma’s technology in a bid to reduce margin financing costs for derivatives trading.
State Street has hired a former buy-side executive from HSBC Securities Services to lead its sales initiatives across products and buy-side client sectors.
Asset managers and pension funds have expressed concerns the CSDR mandatory buy-in regime will impact liquidity and increase costs.
BNY Mellon has poached State Street's former head of global client solutions to lead asset servicing sales in the Americas.