Research points to higher costs and operational complexity for custodians in Europe, with meaningful harmonisation still likely years away.
The mandate represents approximately $9 billion in assets in North America across Nuveen’s portfolio of both transparent and non-transparent ETFs.
Both BNY Mellon and Accenture will use its technologies to expedite the introduction of new services within private markets and wealth management technology sectors, while facilitating expansion into new markets.
In collaboration with ABN AMRO, Wellington Management and WisdomTree, Citi found that smart-contract capabilities could provide unique efficiencies not found in traditional assets.
Seasoned executive brings a wealth of experience from the likes of Citi, Northern Trust, BNY Mellon, JP Morgan and HSBC.
The integration is designed to simplify order management and onboarding processes for users of Citi’s global ETF portal.
ZILO has appointed four industry figures to its board following the fintech’s successful £25 million Series A fundraise last month, including two securities services stalwarts.
Education on the affirmation process is particularly important for Europe and Asia-based clients.
DTCC happy with the level of participation across its testing cycles, so far only encountering some “minor setup issues”.
Jane Fraser highlights Citi’s securities services business in quarterly earnings call once again, praising growth in the US asset management space and a strong pipeline, following positive 2023 results