Federated Mutual Insurance Company appoints Northern Trust as custodian in $7bn mandate
The mandate follows Northern Trust’s recent revamping of its insurance servicing platform and the launch of new cloud-based reporting and data applications.
Tag: custody
Custodians hold onto post-trade utility hopes as operational costs mount
Sibos panelists explained a shift in mindset from both post-trade firms and buy-side clients to one that is more open to collaboration could pave the way for industry utilities.
BNP Paribas Securities Services and Curv complete PoC for transfer of digital assets
The project is the latest by the French global custodian as it seeks to become a first mover in the servicing of digital assets.
Securities services industry narrowly avoids performance dip following higher client activity
Revenues among the top 12 securities services providers reached a total of $18 billion during the first half of the year, a growth of just 1%.
HSBC appointed securities services provider for first ETF under Singapore’s new fund structure
HSBC will provide custody and fund administration services to the CSOP Asset Management's newly-approved ETF in Singapore.
Commerzbank gives head of custody added digital assets role
German banks await the potential regulatory go-ahead to offer custody and other post-trade services for digital assets.
UMB Bank appointed custodian for E-Valuator’s mutual funds
The mandate follows the recent enhancement of UMB Institutional Custody’s trading platform capabilities by adding Broadridge’s Matrix Financial Solutions.
Interdealer broker Tradition awards custody mandate to Deutsche Bank for Turkish market
Deutsche Bank will support the broking firm’s institutional clients with custody and settlement services for its Turkish fixed income securities.
RBC I&TS wins custody mandate from Canadian real estate fund manager
RBC I&TS will provide custody and investment administration services for the Presima Yield Fund.
Apex partners with Calypso to provide front-to-back solutions for Ardent Financial
The partnership with Calypso will enhance Apex’s ability to provide independent middle and back-office services to clients.