HSBC stated it completed the transition in ‘record time’, after consolidating all custody and fund administration functions for its $18 billion of assets.
JP Morgan continues to cement status as largest asset servicer in Australia with key extension of AUD$12 billion super fund.
The partnership marks the expansion of BNY Mellon's open-architecture, partnership model with trading systems to Europe and the Middle East.
Citi wins custody mandate from Astana International Exchange (AIX) central securities depository (CSD) in Kazakhstan.
The win further strengthens State Street’s position as the largest asset servicing provider for exchange traded funds (ETFs).
Clearstream’s current strategy has been focused on the continued rollout of its InvestorCSD, and the expansion of its investment fund services business.
The launch of the AI platform aims to relieve the dependency on legacy systems in the fund administration and asset servicing space.
With the regulator’s approval, Deutsche Bank becomes the first and only custodian to launch commodity custody in India.
The mandate for Alpha Real Capital includes custody and depositary services for a newly launched UK property fund.
During the quarter, the French-headquartered global custodian recorded a number of key mandate wins, boosting AUC and revenues.