Tag: global custody
The shake-up gives three of BNY Mellon's most senior asset servicing executives new roles to expand product development and client management globally.
The mandate will include global custody and fund administration services for Storebrand's AIF and UCITS Luxembourg-domiciled funds.
As part of the five-year partnership, BNP Paribas will continue to provide AXA with global custody, depositary bank, and transfer agency across Europe.
The Chicago-based custodian provides asset servicing solutions to over 260 UK pension funds with collectively more than £600 billion in AUC.
Can custody be white labelled and adopted by local providers or will custodians with global sub-custody networks dominate?
Relationship represents over $10 billion in assets and comes seven years after BNP Paribas Securities Services embarked on its US growth strategy.
The deal is its largest in the Latin America region for BNP Paribas after onboarding Protección’s foreign portfolio of $7.5 billion in assets.
BNP Paribas Securities Services stated it has significantly grown its presence in the Netherlands in recent years with added pension fund services.