Citi, JP Morgan and State Street invest in FX FinTech firm Capitolis
Capitolis intends to use the funds from this latest investment to further accelerate its technology and product development.
Capitolis intends to use the funds from this latest investment to further accelerate its technology and product development.
Providing real-time data services for its buy-side clients has been a core focus area for JP Morgan's securities services business.
The mandate comes as JP Morgan renews its focus on global custody after undergoing a strategic review of its securities services business in the region.
Among the swathe of recent appointments, the former head of investor services for Ireland at Citi has joined to lead BNY Mellon's Irish fund services business.
The decision comes after a strategic review on its securities services businesses in the region, and has instead opted to focus on its global custody product.
New partnership will see private fund managers access technology to manage multi-bank relationships across their entire fund structures and access JPM’s liquidity products.
The US bank has established itself as the largest custodian in Australia, servicing around AUS$866.7 billion in assets as of the end of 2019.
JP Morgan reporting revenues from securities services were boosted by revenues were balance and fee growth, while assets under custody reached a new high.
SS&C hires 13-year JP Morgan investor services sales executive to lead client relationship management for DST Systems division.