The partnership will mark the first end-to-end digitisation effort focusing on the Asian bond markets.
State Street was previously permitted to provide trustee services to only Singapore-authorised, retail-only, collective investment schemes.
The deal will give China Merchant Bank wider access to international market and supports its growth ambitions.
Hong Paterson has left JP Morgan to head up RBC I&TS’ business in Singapore.
BNP Paribas will provide custody and other services to Janus Henderson Investors’ Singapore-domiciled funds.
The deal will help Phillip Capital enhance its operations and fulfil regulatory requirements.
The Monetary Authority of Singapore (MAS) has formally granted CME Group the status of Recognised Clearing House, with effect from 18 May.