State Street’s Luxembourg branch will take on the activities previously carried out by its subsidiary Fideuram Bank Luxembourg, accounting for approximately €42 billion of assets.
Depositary will become part of the JTC group which also consists of the recently acquired NES Financial.
The acquisition is the latest effort by BNY Mellon to expand its capabilities in Denmark and the Nordic region.
Axxion’s has transferred nine of its open-ended special alternative investment funds (AIFs) to CACEIS in Germany.
Former RBC I&TS, Northern Trust and Natwest Trustee and Depositary Services veteran to step down.
UK-headquartered depositary appoints Morgan Stanley executive to lead customer services and operations.
Depositary license extends Apex’s offering which also includes Luxembourg, the Channel Islands, Malta and Ireland.
A potential AIFMD passport and UK equivalence could smooth the way for UK custodians to expand their depositary services across the EU market.
New lead for RBS’ depositary services business in Luxembourg as long-serving team member earns promotion.
BNP Paribas has been active in the depositary acquisition space in recent years, after acquiring Italy's third largest depositary bank in 2018.