Following the launch of its own front-to-back office solution, Amundi’s chief operating officer says the relationship between the asset manager and custodians will be one of competition and cooperation.
A bounce in market valuations on the back of improved market returns and ongoing client confidence helped fuel the increase in AuC in Australia.
Custodians and prime brokers have sought to unlock the use of ETFs as collateral in securities lending transactions.
Custodians have been expanding their Ireland footprint and are bolstering services with a focus on private markets and alternatives assets.
The Bill provides greater flexibility for firms to set up private markets funds in Ireland, giving the country a huge boost as it competes with other fund domiciles.