JP Morgan has now moved up to number two in the global custody rankings with just under $27 trillion of assets under custody.
The new platform encompasses the capabilities previously aligned with BNY Mellon’s middle-office solutions with a new set of modular data services
Citco has made ‘significant strategic investment’ with the aim of providing tailored middle-office services within a wider front-to-back strategy.
The appointment is the latest in a string of moves by Citi to upgrade its middle-office platform for asset managers.
Fund administrator to offer middle-office services for $10 billion of assets managed by investment manager.
RBC I&TS has launched the service initially with one of Canada’s largest pension funds, and is s part of its evolving middle-office solution.
The new technology will help banks that have relied on multiple reconciliation platforms that use legacy technologies which can be up to 20 years old.
A data services platform established by NES Financial says it will support the rise of new advanced fund administrators as legacy providers continue to face challenges.
Asset managers are looking to train their teams across the front-, middle- and back-office in order to give them a full end-to-end picture of the investment process.
Citi has been looking to provide tools for clients to access their own data in real-time across multiple trading lifecycles.