HSBC will provide custody and fund administration services to the CSOP Asset Management's newly-approved ETF in Singapore.
German banks await the potential regulatory go-ahead to offer custody and other post-trade services for digital assets.
The mandate follows the recent enhancement of UMB Institutional Custody’s trading platform capabilities by adding Broadridge’s Matrix Financial Solutions.
Deutsche Bank will support the broking firm’s institutional clients with custody and settlement services for its Turkish fixed income securities.
RBC I&TS will provide custody and investment administration services for the Presima Yield Fund.
The partnership with Calypso will enhance Apex’s ability to provide independent middle and back-office services to clients.
CIBC Mellon and BNY Mellon to provide fund services for iA Financial Group’s North American expansion
iA Financial Group will use technology from both BNY and CIBC Mellon to build an investment operating platform to support its North America expansion plans.
The license also makes Citi the first among the top five global custodians to win approval to set up shop in China.
AuM in global active ETFs have increased significantly over the past few years, growing from under $60 billion in 2016 to over $180 billion as of June 2020.
The mandate is a vital win for State Street and its strategy on getting the most out of its largest clients.