Bank earns global custody mandate after onboarding Korean insurance company and providing it with access to the Chinese market.
State Street will provide the insurer with new outsourced accounting services for a significant portion of its separate account life and annuity business.
New applications meets growing demand for data, transparency and analysis capabilities from insurance clients.
The new company expands BBH's suite of investor services for insurance and reinsurance firms, and their institutional trust arrangements governed across multiple jurisdictions.
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 acquisition will see the addition of CLPSI’s range of back-office administration services, as well as business process management, technology and consultancy services.
State Street has hired a former buy-side executive from HSBC Securities Services to lead its sales initiatives across products and buy-side client sectors.
State Street hires 25-year asset owner veteran from BNY Mellon to oversee relationship management with largest US pension funds and insurance companies.
New appointment in Northern Trust’s Swiss senior leadership team highlights custodian’s focus on the country.
Northern Trust reported it had brought on 22 insurance clients with approximately $65 billion in assets over the last two years at the end of 2018.