Northern Trust appointed global custodian for Canadian pension and foundation assets
Northern Trust has been appointed the global custodian for the University of Victoria (UVic) to service its CAD$ 2 billion of pension and foundation assets.
Tag: Canada
CIBC Mellon launches asset servicing solution for new lost-cost Canadian funds
The Canadian custody bank collaborated with NEO and other industry players to create the first platform-traded funds process in Canada.
Exit of RBC I&TS chief sparks new investor services role
RBC I&TS will create a new head of investor services role, promoting one of its top executives to lead the business.
JP Morgan sells half of its EquiLend stake to National Bank of Canada
JP Morgan will continue to hold a 10% ownership interest in EquiLend.
State Street creates new role for North American asset owner business
State Street has made a series of enhancements in support of asset owners, as it prepares to onboard buy-side clients to its front-to-back model.
RBC I&TS appointed custodian for $1 billion Canadian hedge fund
RBC I&TS has struck a number of custody deals for Canadian alternative investment managers in recent months.
RBC I&TS wins custody mandate for real estate-focused asset manager
RBC I&TS has made a number of efforts to boost its alternatives coverage globally through senior appointments.
Technology
Pivotal blockchain developments mark big 10 days for securities services
Multiple breakthroughs for distributed ledger technology in 10 day span for securities services industry.
Northern Trust implements direct clearing to Canadian CCP
The bank cleared the first lot of cash and repo trades on behalf of the Healthcare of Ontario Pension Plan (HOOPP).
RBC appoints Citco’s alternatives head to run client operations for Canada
RBC's James Daigle will retire in May 2018 after serving 30 years with the Canadian bank.