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.
The launch of the AI platform aims to relieve the dependency on legacy systems in the fund administration and asset servicing space.
With the regulator’s approval, Deutsche Bank becomes the first and only custodian to launch commodity custody in India.
The mandate for Alpha Real Capital includes custody and depositary services for a newly launched UK property fund.
During the quarter, the French-headquartered global custodian recorded a number of key mandate wins, boosting AUC and revenues.
The mandate allows the Japanese-based firm to use BNP Paribas's single custody and fund services model across its full fund range.
The Middle East has been a recent point of focus for State Street’s EMEA strategy, having opened a new office in Abu Dhabi in September last year.