Citi has made a number of recent moves to expand its sub-custody network over the past year with new businesses in Finland, Norway and Saudi Arabia.
Tag: securities services
Standard Chartered has recently undergone a major restructuring to the securities services business after combining it with prime finance services.
Citi said in an internal memo the changes to its equities and securities services unit will “allow for greater focus and accountability.”
Mixed fortunes for European custodians with a combination of double-digit revenue growth and some large declines during the first quarter.
A new report from GC and BCG has found the business models that have underpinned providers for years are now more fragile than they seem.
As the value of assets under custody and interest rates decline while the commercial pressure on new services increases, one report has estimated another annual drop in custody revenues.
Addition give International Securities Services Association additional expertise in the Asia-Pacific, Middle East and Africa region.
The Singapore-based bank will combine and align its custody and post-trade operations with the portfolio risk management and prime finance businesses.
Deutsche Bank’s new-look securities services team says it will prioritise cross-product opportunities
After bringing the securities lending business back into securities services, Deutsche Bank is on an ambitious goal to seek greater cross-product opportunities.
The drop across the industry bucks a four-year growth streak which begun to pick up significantly from 2016.