The new global survey will rate providers based on client feedback in a number of key ETF service areas, and will go live on Monday 6th April.
By taking over RBC’s Australian client-base, Citi will become the second largest custodian in the country, behind JP Morgan.
Open platforms have emerged as a cost-effective solution for banks that are updating and realigning their technology stacks in the wake of increased regulatory compliance.
Northern Trust is in the midst of a multi-year strategy of digitising its asset servicing business, with the aim to increase profitability and scale.
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.