The dual mandate expands U.S. Bank’s current service offering with Carlyle, which manages more than $25 billion in CLOs domestically and in Europe.
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.