Neal Pawar will take on the role of chief information officer and join Deutsche Bank's executive committee in early September.
The high-profile mandate is the latest for Northern Trust’s hedge fund services division, following the launch of new technology products for its hedge fund clients.
BNY Mellon has recruited some of the top tech and innovation experts over recent months as it looks to explore and launch new digital and data opportunities.
Northern Trust will provide fund administration, fund accounting, transfer agency and global custody to the Crossmark mutual funds.
Technology, regulation, diversity, Brexit, T2S, the role of the network manager and much more discussed at the annual event, this year held in Athens.
Expanding its middle-office capabilities has been a strategic focus for JP Morgan’s custody and fund services business for a number of years.
JP Morgan has increased spending for the business’s technology by a third, and now has one of the highest operating margins than all of the global custodians.
A UBS survey showed 87% of participants from banks with assets of $250 billion and above believe technology spending will increase annually over the next three years.
Global Custodian takes a deep dive into the nominees for its Editors’ Choice awards at this year’s Leaders in Custody event, next up: the candidates up for Best Asset Servicing Project.
BNY Mellon’s CEO and chairman outlined in the global custodian’s annual report that it is pursuing the strategy to meet demands over flexibility and choice.