Citi onboards $80 billion of custody assets following client acquisition
The new mandate resulted in the transfer of 53 mutual funds and ETFs to Citi, following a recent acquisition from client Victory Capital.
The new mandate resulted in the transfer of 53 mutual funds and ETFs to Citi, following a recent acquisition from client Victory Capital.
BNY Mellon will provide custody and fund accounting services for Goldman Sachs Asset Management's first European ETF.
The $50 billion New York-based fund manager has used both BNY Mellon and State Street as custodians for its global ETF product range.
The new dealing services will enable distribution of Irish UCITS ETFs to the Asia-Pacific and Latin America regions.
Speculation is mounting as to whether additional access schemes will be rolled out between China and other major regional markets.
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.