Northern Trust wins asset servicing mandate from AUS$34bn Equip Super
Agreement sees Northern Trust providing custody services to the AU$34bn Australian superannuation fund.
Agreement sees Northern Trust providing custody services to the AU$34bn Australian superannuation fund.
BNP Paribas securities services will be supporting Phillip Capital Management, in collaboration with China Universal Asset Management (CUAM), which has just launched the ETF.
The deal expands the existing partnership between the two organisations, which already included settlement services on selected institutional clients’ portfolios.
The Mexico City-based CSD has selected BNP Paribas’ securities services unit as its custodian to cover the US market.
The collaboration extends across various jurisdictions, including Luxembourg, the US, and Ireland.
Survey shows majority of market participants believe digital assets will replace fiat currencies within the next decade with custodians set for key role in the future.
Citi will be able to begin offering local custody services to China’s $19 trillion asset management market, which has been a long-term target for global custodians.
Mandate extends BNY Mellon’s relationship with the Dutch-based investment firm as it continues to grow its European business.
The appointment follows a spree of global custody mandates won by HSBC in the UK.