BNY Mellon wrestles Microsoft custody mandate from Northern Trust
The deal marks Microsoft’s first change in custodian in a decade for its $130 billion in assets.
The deal marks Microsoft’s first change in custodian in a decade for its $130 billion in assets.
Custodian follows up range of new appointments and repositioning with reorganisation of securities services functions and leaders as global head of custody moves role.
Northern Trust's global head of market advocacy and innovation says asset managers and pension funds are still waiting for the right infrastructure for the trading and custody of digital assets.
Horizon Healthcare Services cites BNY Mellon’s commitment to technology resources as one of its main reasons for selecting the custodian.
Custodian teams up with trading venue operator Intercontinental Exchange to set up private key storage.
Northern Trust stated it too was affected by unfavourable markets but managed to partially offset this with new business.
The combination with Santander expands CACEIS' reach to Spain and Latin America, giving the combined unit €5.1 trillion in AuC/A.
Citi recently launched Advanced Citi ETF System (ACES), a new tech platform automating the entire ETF front-to-back office lifecycle.
JP Morgan has increased spending for the business’s technology by a third, and now has one of the highest operating margins than all of the global custodians.
The changes include a new global head of asset servicing for custody operations and a new global head of fund administration operations.