State Street acquires Mercatus as it expands front-to-back solution for private markets
The move comes as custodians review their legacy technology platforms in order to cater for the many nuances and complexities inherent in private markets.
The move comes as custodians review their legacy technology platforms in order to cater for the many nuances and complexities inherent in private markets.
State Street reported two new Alpha deals, including LGIM and Invesco, as well as five Alpha client mandates that went live at the end of the second quarter.
Participants in The TRADE and Global Custodian's recent outsourced trading webinar answer some of the questions from the audience.
New service model designed for institutional investors in the Middle East and North Africa will combine local expertise with global securities services capabilities.
Renewal will be welcomed by State Street as it retains servicing contract for almost $250 billion in assets.
HKEX Synapse, unveiled in November last year, will enable asset managers, custody and clearing banks to handle the growing volume of trades though Stock Connect into China.
The partnership comes as custodians turn to FinTechs and other technology providers to transform and automate unstructured data in the alternatives markets.
State Street reached its latest milestone of providing services to over $5 trillion of global ETF assets. Frank Koudelka, State Street’s ETF product specialist, details the recent changes the bank has made to its ETF servicing model.
As fund managers flock to private markets for increased returns, many are finding they have to update their technology infrastructure to properly process data and transactions.
State Street’s head of digital partnerships and investments joins Lukka after leading the custodian’s investment in the digital asset firm.