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.
Deloitte report on digital assets delivers bold claims around cryptocurrencies, custody and the role of banks
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.
As Apex Group beats out M&A rival to secure deal for the coveted Mainstream Group and earns new private equity backing, its founder and CEO says the acquisition sends a statement to the market.
The jump in AuC/A values reflected higher market values, net new business and the favourable impact of a weaker US dollar.