Global custody industry set to restart job cuts after weathering COVID crisis
BNY Mellon, Northern Trust and State Street are to set to make a swathe of job cuts in 2021, reducing mostly middle-management and junior roles.
BNY Mellon, Northern Trust and State Street are to set to make a swathe of job cuts in 2021, reducing mostly middle-management and junior roles.
Northern Trust will be responsible for the $12bn asset manager's equity and fixed income trading, as well as its middle-office trade settlement support.
Northern Trust has made several enhancements to its global middle-office platform in response to rising demands from buy-side clients.
Recent studies have shown buy-side firms, particularly hedge funds, are expanding their outsourcing options to include middle-office and certain trading functions
The domino effect of institutional crypto custody is in full motion as BBVA becomes the latest custodian to launch services.
The suggestion by an influential US think tank last week could have a significant impact on other custodians in the market if such a move was widely enforced.
Asset servicing mandate extends custodian’s relationship with US hedge fund, this time for Ireland-domiciled UCITS umbrella fund.
The mandate will cover Pershing Square’s funds domiciled in Delaware, Guernsey, and the Cayman Islands.
The digitised platform provides alternative asset managers and their investors with new investment data analysis capabilities.
Northern Trust’s suite of asset servicing solutions will provide Emerald with the operational infrastructure to support its global investment reach.