First State Investments will use the service for end-to-end automation of its UK investment funds from order placement, to settlement and asset servicing.
The Canadian custody bank collaborated with NEO and other industry players to create the first platform-traded funds process in Canada.
The move allows the £1 billion private bank to fully automate settlement and cash movements for its UK investment funds.
MFEX has gone live with the delivery of fund distribution services to RBC I&TS under a long-term partnership.
Global custodians and fund administrators have bolstered their teams in Ireland and Luxembourg in anticipation of these new flows.
With increased requirements on fund transparency, it could provide further opportunities for custodians to offer analytics services to asset managers.
The MoU is the latest agreement for the Hong Kong market as it looks to become a leading cross-border fund hub for international investors.
The addition will allow Cyprus funds, including Cyprus UCITS and AIFs, to be eligible for order routing, settlement and custody.
Since the EU referendum, 20 companies monitored by EY have announced a transfer of assets out of London into Europe.
Temenos partners with Curo to migrate 3,000 funds to its Multifonds Global Accounting platform after "highly competitive process”.