Wells Fargo has unveiled its new prime trade service group with access to high- and low-touch outsourced trading functions, coupling it with other prime services.
Northern Trust supported the launch of the Smithson Investment Trust, the largest UK-listed investment trust to launch, in October last year.
The service will also cover multi-asset execution, outsourced trading and introducing clearing services for hedge funds, mutual funds and family offices.
The appointment is the latest in a string of moves for HSBC Securities Services as it increases its focus on the banks and broker-dealer segment.
The guide will provide investment managers a global perspective when thinking about their own best practices for outsourcing.
FCA’s Investment Management Sector View revealed the regulator’s belief that the UK custody market is working well in pricing bundled services.
One of its newest clients is Grange Insurance of Columbus, Ohio, which mandated Northern Trust to provide global custody for its $2.5 billion of assets.
The launch of the outsourcing trading service for asset owners and asset managers made Northern Trust the first custodian to take on certain buy-side trading functions.
International Fund Services and Asset Management makes move to insource to offer custody services to its institutional clients.
Report from fund administrator Vista shows that the majority of real estate asset managers and sovereign wealth funds aren't outsourcing.