Asset managers may consider in-sourcing some client-facing functions as a result of their disappointment in their service provider's digital capabilities.
The new venture, which State Street will retain a minority interest in, will combine the custody expertise of State Street with FNZ’s international platform.
The two banks with leverage previously established bots for a new digital solution aimed at improving custody FX processes for emerging market currency trades.
In Global Custodian’s inaugural ETF administration survey, service providers face increasing demands to mature and scale services for this fast-growing market.
Gallagher, who was named on of GC’s 30 People to Shape the Future last year, has taken on a new role within the bank' s wider US investment bank business.
The US bank has promoted its global head of fund accounting to the role responsible for the delivery of client service and solutions within securities services.
Services to include global and domestic custody, institutional accounting and securities lending for the agency.
CIBC Mellon will provide custody and fund accounting services to 14 CI WisdomTree ETFs with $1 billion in assets under management (AuM).
Custodian to provide fiduciary duties, fund administration as well as transfer agency services to Hong Kong OFC fund.
Responsibilities for JP Morgan's US custody and ETF product development will be taken on by the bank's head of global custody.