Nearly half of banks and brokers intend to change their middle-office system completely, according to the survey.
Custodian continues hot streak of middle-office outsourcing deals and continues to accumulate assets under custody from UK fund managers.
The partnership will allow ABG to further improve digitalisation and automation through the entire post-trade process.
The US insurance company giant has adopted the SS&C SmartSource platform to manage the middle- and back-office for three of its insurance companies.
The mandate will also enable Lifetri to continuously monitor its investments with an integrated view on all internally and externally managed portfolios.
Custodians are now more willing to use the third-party front- and middle-office platform of their client’s choice for large asset servicing deals.
Appointments see new talent join MUFG Investor Services’ business development, data strategy and IT teams.
BNY Mellon's former global head of operations will now be responsible for State Street's custody, middle-office, transfer agency and client service operations.
The hedge fund will utilise Arcesium’s modular Treasury suite to scale its treasury functions and bring new controls into its collateral management workflows.