Citi announces new global securities services leadership for revamped unit
Citi said in an internal memo the changes to its equities and securities services unit will “allow for greater focus and accountability.”
Citi said in an internal memo the changes to its equities and securities services unit will “allow for greater focus and accountability.”
State Street will provide custody and fund administration to WIC's new ETF index, offering public access to hedge fund-like strategies.
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Mixed fortunes for European custodians with a combination of double-digit revenue growth and some large declines during the first quarter.
SGSS has promoted two of its senior sales executives to lead strategy and relationship management for two key client segments.
Custodians may be forced to delay implementing billions of assets onto their custody platform as clients look to minimise the risk of switching providers on their operations.
State Street joins the likes of BNY Mellon, JP Morgan and Citi which all reported an increase in asset servicing revenues for the first quarter of 2020.
New CEO reports 10% rise in fee revenues year-on-year as global custodians begin to report first quarter results.
BNY Mellon has converted USCF's ETFs onto its servicing platform where it will provide custody, fund administration and transfer agency services.