Nordea appoints RBC I&TS as custodian for Swedish ETFs
Nordea sought to partner with a custody and fund administration provider that operates both in the Nordic market and in Luxembourg.
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.
New research from State Street shows 78% of institutional investors are optimistic about their own growth prospects in the Middle East.
Fund administrators have highlighted the importance of the ETF to their growth plans, but operational technology were highlighted as a challenge for growth.
The ETF market has quickly emerged as a key battleground for custodians and fund administration to win new clients and mandates.
The growth rate in the European ETF market outstripped the US for the first time.
The bundled service includes fund administration, depositary and custody services to the new ETF platform.