BBH's asset servicing platform will help facilitate a same-day settlement cycle for all primary market creations and redemptions for the ETF .
Following deal with Hong Kong Exchange, Euroclear expects more exchanges in Asia, the Americas, and the Middle-East to join its ICSD settlement structure for ETFs.
HKEX has become the first Asian stock exchange to adopt the international central securities depository (ICSD) settlement model in Euroclear Bank.
Interest in Greater China ETF grows but investors await international access schemes.
The AIS division has fast emerged as a key strategy area for the bank’s fund administration business as it looks to target alternative investment managers.
Nordea sought to partner with a custody and fund administration provider that operates both in the Nordic market and in Luxembourg.
ETF Connect, expected to launch last year, had struggled to overcome a number of technical issues concerning differences in trading and settlement mechanisms.
MUFG Investor Services entered the US mutual fund scene in 2016 after it acquired Guggenheim Investment’s 40 Act mutual fund administration business.
BNY Mellon has integrated Bloomberg BSKT and introduced a global standard for transmitting orders via its electronic messaging service.
RBC follows up on recent Coin Capital and Bristol Gate Capital Partners deals with ETF custody mandate from First Block Capital.