Among its new clients include Hannover RE, one of the world’s largest reinsurance firms, where it will provide global custody and collateral management services.
The portal is underpinned by API technology, which the bank has been rolling out across its wider securities services business.
The associations said the industry would not be able to make the changes to adapt to the planned consolidation of T2 and T2S by November 2021.
The expansion follows several strategic hires, a recent acquisition, and other investments, including the launch of its fund services businesses in the US and APAC markets.
Restrictions in short selling in Austria, Belgium, France, Greece and Spain have been extended despite warnings of unintended consequences.
Fund administrators in Europe are hoping to capitalise on the rush to ETF strategies among asset managers and institutional investors .
Representatives from LCH and EuroCCP highlight contradicting trends they are seeing in clearing activity throughout Europe following Brexit.
Fabio Lisanti takes on new role as western Europe markets and securities services head as Citi adjusts to the UK’s departure from the EU.
The moves come in response to the French bank appointing a new head of its US investment banking business.
Even though the Capital Markets Union (CMU) has had a somewhat lethargic start, a new EU leadership could galvanise the process once again.