Technology, data and reporting enhancements was frequently citied as areas for improvement for service providers in Global Custodian's HFA survey.
BNY Mellon has continued its technology strategy with the appointment of former Visa CEO Charles Scharf.
Andrew Rossiter becomes head of technology services for GFT’s Atlantic region following Marika Lulay’s promotion to CEO.
Marika Lulay has become CEO of GFT having spent 15 years with the tech consultancy.
Market participants and R3 members CIBC, Commerzbank, Credit Suisse, UBS and ING have collaborated with HQLAx to produce a collateral lending offering.
JP Morgan’s CIB chief Daniel Pinto plans to increase its custody technology spend following its $1 trillion BlackRock mandate.
Latest research from State Street reveals that investment firms are slow to embrace latest technologies.
A majority of surveyed fund managers feel regulation will take up more of their time in the next year but not as many are deploying technology in response.
Elly Hardwick and Philip Milne will both take up innovation based roles with Deutsche Bank.
Existing regulation will not be affected by technological developments, says the central bank.