A data services platform established by NES Financial says it will support the rise of new advanced fund administrators as legacy providers continue to face challenges.
The win further strengthens State Street’s position as the largest asset servicing provider for exchange traded funds (ETFs).
The launch of the AI platform aims to relieve the dependency on legacy systems in the fund administration and asset servicing space.
Global Custodian takes a deep dive into the nominees for its Editors’ Choice awards at this year’s Industry Leaders Awards event. Our next category is One to Watch in Fund Administration.
During the quarter, the French-headquartered global custodian recorded a number of key mandate wins, boosting AUC and revenues.
The emerging and frontier markets banking specialist is seeing how it can utilise new technologies with its largest clients.
TMF Group recently closed its acquisition of State Street's Channel Islands private equity and real estate fund administration business.
The mandate allows the Japanese-based firm to use BNP Paribas's single custody and fund services model across its full fund range.
Paloma Partners will leverage SS&C for a range of tax and regulatory reporting services, as well as fund administration and fund accounting.
BNP Paribas Securities Services will use Allfunds as its preferred fund distribution platform, with the French bank taking a 22.5% stake.