Significant cost pressures have been a driving force behind innovation, and custodians are planning to devote a greater proportion of revenues to innovation investment.
The mandate is the latest for HSBC, which has become a leading provider for international fund managers to launch UCITS funds.
The findings follows a wave of buy-side firms that have expanded into private markets in response to increasing pressure on performance and fees.
U.S. Bank names a 20-year veteran and its current corporate treasurer to take on the role of president for the global corporate trust and custody business.
SGSS will use the TCS BaNCS as its next-generation, multi-entity asset servicing platform in France, Germany, Ireland, Luxembourg and the UK.
With a wave of sub-custody exits in the Nordics, SEB is the last remaining local provider operating in the region. GC speak to Ann Magnusson, head of investor services, and Christine Strandberg, regulatory manager, on how it is facing up to the challenges of regulation, technology and increased competition from global custodians.
A new study from BNY Mellon of 200 asset managers found an overwhelming 97% plan to outsource their data management infrastructure.
The hire is the latest move by BNY Mellon as it looks to advance its global custody product to cater for evolving operating models and new products.
The mandate advances Citi’s objective to evolve its securities services operating model and capabilities to cater for digitised products.