Fund manager giants prepare to migrate ETFs to ICSD model
Europe's largest asset managers are working towards launching new and transitioning current Irish-domiciled ETFs to an ICSD settlement structure.
Europe's largest asset managers are working towards launching new and transitioning current Irish-domiciled ETFs to an ICSD settlement structure.
A recent report suggests managers face very little time to select an alternative for Irish-issued ETFs that are still settling in a domestic model.
TMF Group recently closed its acquisition of State Street's Channel Islands private equity and real estate fund administration business.
The Middle East has been a recent point of focus for State Street’s EMEA strategy, having opened a new office in Abu Dhabi in September last year.
State Street's global chief technology officer of four years has departed, as the bank undergoes a review of its technology ecosystem.
The platform could serve as a significant boost to State Street’s position as an alternative to the bulge-bracket prime brokers in the securities lending market.
State Street hires 25-year asset owner veteran from BNY Mellon to oversee relationship management with largest US pension funds and insurance companies.
The partnership incorporates the Solovis analytics application to manage data and traditional accounting book of records with alternatives asset data.
The US bank had also hired a new global head of middle-office strategy, as part of a push to expand its middle-office coverage and capabilities.
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