Standard Chartered sets out tech agenda for securities services business
The emerging and frontier markets banking specialist is seeing how it can utilise new technologies with its largest clients.
The emerging and frontier markets banking specialist is seeing how it can utilise new technologies with its largest clients.
JP Morgan has placed data at the core of its alternatives fund services offering, and has diverted significant investment into private equity fund administration.
Custodians will have to hire new people to oversee and govern the deployment of artificial intelligence tools.
Samir Pandiri, who recently joined Broadridge as president, will represent the company on the board.
Expansion of its middle-office capabilities has become a key point of focus for JP Morgan’s securities services strategy.
Former UBS operations executive, Colin Parry, will lead the organisation from 1 September.
GC Legend takes up new role at Commerzbank as part of an organisational restructure.
Commercial interest in APIs is rapidly growing among securities services providers, enabling for custodians to launch new self-service tools.
The new division is the latest in a string of restructuring moves in recent months as Citi looks to streamline its businesses.
Results were partially offset by increased client activity, as assets under custody increased by over 5% to $25.5 trillion.