Deutsche Bank signs first local fund custody client in China
The bank will act as both local and offshore custodian for the fund management client.
The bank will act as both local and offshore custodian for the fund management client.
Experts in the securities services space sat down at the Leaders in Custody event in May for a panel discussion on the future of custody, assessing the current trends and challenges faced by industry players, while considering the roadmap for future success.
New head of custody for North America at Citi brings over 20 years' experience, with the last five and a half spent with Deutsche Bank.
The bank calls on industry to dig deep, clean up aged fails and improve operational processes to ensure the new settlement regime is a success.
The automated platform in partnership with Xceptor will look to reduce manual processes and the time taken to calculate withholding tax amounts.
The global custodian continues to ring the changes within its global custody team, adding an experienced asset servicing expert in London.
Addition of industry veteran follows appointment of head of direct custody for the Americas last month.
The German bank has made a multiple changes to its securities services and agency lending global leadership over the past year.
State Street appoints Deutsche Bank's global head of securities services product development to lead the rollout of an end-to-end product strategy for the APAC region.
The hire takes the total number of former Deutsche Bank securities lending staff to join the Japanese asset servicer to around 20.