TMF Group recently closed its acquisition of State Street's Channel Islands private equity and real estate fund administration business.
State Street's global chief technology officer of four years has departed, as the bank undergoes a review of its technology ecosystem.
New cultural challenges and the technological nature of the business has led to different personnel within buy-side operations teams.
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.