State Street acquires key ETF client assets from BNY Mellon
The $50 billion New York-based fund manager has used both BNY Mellon and State Street as custodians for its global ETF product range.
Tag: custody
Commerzbank reshuffles custody and clearing leadership
GC Legend takes up new role at Commerzbank as part of an organisational restructure.
Euroclear becomes first custodian member of Tel Aviv exchange
The custodial membership will allow Euroclear to provide settlement and asset services through a direct account with the Israeli CSD.
The in-housing project
Asset owners are increasingly taking an active role in managing their money, opening up new avenues for custodians to provide services. But could this spell the end for asset management?
Digital initiatives among highlights for BNP Paribas Securities Services in second quarter
BNP Paribas Securities Services saw revenues increased 12%, in comparison to the second quarter last year, to €596 million.
ICSDs report strong growth for first half of 2019
Total revenues for Brussels-based Euroclear and Luxembourg-based Clearstream increased 8% and 6% respectively.
Front-to-back is the new black
Front-to-back offerings from custodians are in vogue, but what are the features of these new models, and which will resonate with the buy-side?
State Street CEO sees price pressures from clients easing off
Ron O’Hanley, CEO and president of State Street, explained this period of ‘extraordinary price pressure’ could be levelling out for the global custodian.
Exit of RBC I&TS chief sparks new investor services role
RBC I&TS will create a new head of investor services role, promoting one of its top executives to lead the business.
State Street to open Jeonju office to strengthen ties with Korea’s NPS
NPS extended its back-office mandate for their global equities portfolio with State Street to also include the middle-office.