BNY Mellon sees drop in Q4 2018 asset servicing
BNY Mellon attributed the fall in revenue to “lower client assets and activity and the unfavourable impact of a stronger US dollar.”
BNY Mellon attributed the fall in revenue to “lower client assets and activity and the unfavourable impact of a stronger US dollar.”
Nordea sought to partner with a custody and fund administration provider that operates both in the Nordic market and in Luxembourg.
Ian Martin will continue his current responsibilities of leading State Street’s global services business in the region.
FCA’s Investment Management Sector View revealed the regulator’s belief that the UK custody market is working well in pricing bundled services.
One of State Street's senior client services executives will take part at the next board meeting of LACERA to give an update on its data security processes.
The new business builds on agreements it signed with KAS Bank and Societe Generale Securities Services to use SimCorp Dimension for their custody services.
Since the EU referendum, 20 companies monitored by EY have announced a transfer of assets out of London into Europe.
The Cost Transparency Initiative follows recent requests from institutional investors to asset managers for templates on costs and fees.
The mandate expands the strategic relationship between Citi and Aegon Asset Management, which owns Kames Capital.