New research from industry analytics provider Coalition showed revenues from global securities services providers collectively reached $37.2 billion in 2018.
Tag: global custody
Northern Trust underwent an organisational restructure within its asset servicing leadership at the end of last year.
Giovanni Fenocchi will take on the role in the second quarter of this year and join the HSS global executive committee.
Global Custodian takes a deep dive into the nominees for its Editors’ Choice awards at this year’s Leaders in Custody event, beginning with the candidates up for Asset Servicing Deal of the Year.
The deal will give China Merchant Bank wider access to international market and supports its growth ambitions.
The completion of the onboarding process comes just three months after NPS agreed to the deal with BNY Mellon.
Revenues for HSBC Securities Services grew 11% to nearly $2 billion over the year, in which it was boosted by its global custody business.
BNY Mellon, State Street reportedly set to open new Korean office to align with $570 billion pension fund
Both banks signed a global custody mandate with Korea's NPS last year, which the pension fund hopes the banks can help it tap deeper into new asset classes.
Bon spent 17 years at JP Morgan in a variety of senior roles in New York and London, most recently leading the direct and global custody business in the Americas.