Custody revenues projected to fall 10-15% in 2020
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.
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.
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.
JP Morgan has now moved up to number two in the global custody rankings with just under $27 trillion of assets under custody.
Global Custodian has released the longlist of nominations for this year's inaugural Network Manager of the Year Award, to be presented at the Leaders in Custody awards dinner.
Securities services firms that have imposed travel bans and closures in Asia as a result of the Coronavirus are having to explain their business continuity and relocation plans.
Fabio Lisanti takes on new role as western Europe markets and securities services head as Citi adjusts to the UK’s departure from the EU.
The appointments follow a flurry of departures from the bank’s securities lending leadership team, with its global and regional heads recently joining MUFG.