Sun Life’s fund is one of a growing number of ESG funds approved by the Hong Kong Securities and Futures Commission (SFC).
Northern Trust’s suite of asset servicing solutions will provide Emerald with the operational infrastructure to support its global investment reach.
The deal expands State Street’s current mandate with PAOH as the custodian and fund administration of the Ping An Global Infrastructure funds.
GC understands Deutsche Bank has devoted a significant amount of investment to build up its local fund custody platform in China.
Performance was driven by its private markets business and the implementation of an integrated banking model.
The addition will help support several of DTCC’s projects as it seeks to transform the securities post-trade process.
The new role comes as a growing number of banks step up their exploration of DLT solutions and servicing tokenised assets.
HSBC has recently been named the securities services provider for several new landmark ETF launches across APAC.
State Street will expand its client coverage model, initially devised for its largest 50 buy-side clients, to 150 clients with AUM between $50-100 billion.
Custody and fund administrations assets rise 13% year-on-year as securities services firms seem to have performed well during Q3.