BNP Paribas has been active in the depositary acquisition space in recent years, after acquiring Italy's third largest depositary bank in 2018.
Depositary industry faces mounting speculation that it could face increased regulatory scrutiny as a result of the Woodford episode.
Hong Kong's SFC is proposing a new type of licensed activity for trustees and custodians of collective investment schemes (CIS).
The mandate includes full depositary and administration solutions for Duet Group's five master funds and five feeder funds across three investment structures.
The subsidiary will offer independent banking, depositary and custody services to institutional investors and asset managers
It is the first major mandate for the new Luxembourg-based division of Apex after it completed the integration of the Warburg business in February.
Depositaries role of fund oversight could prove to be a useful boost to the ESG investment process.
The new offering will expand US Bank’s range of UCITS fund clients in Europe and enable it to compete with established European fund administrators.
BNY Mellon has made three major appointments to its European trust and depositary (T&D) business over the past two months.
BNY Mellon is developing a new trust and depositary model for common processes and practices across Europe.