State Street wins ETF servicing mandate from Avantis Investors
The win further strengthens State Street’s position as the largest asset servicing provider for exchange traded funds (ETFs).
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.
The new mandate resulted in the transfer of 53 mutual funds and ETFs to Citi, following a recent acquisition from client Victory Capital.