Depositary license extends Apex’s offering which also includes Luxembourg, the Channel Islands, Malta and Ireland.
UK institutional investors have become a key target for BNP Paribas, as it aims to drive new sales opportunities with asset managers and asset owners.
The expansion will enable Citi to provide fund accounting services to £186 billion UK investment trusts industry.
A new study has showed a total £56 billion was invested in less tax-efficient funds by UK pension schemes in 2019.
The service is supported by a new Edinburgh-based operation managing its back-office processing function.
Lobbyists likely to use UK decision to not implement the settlement discipline regime as further leverage in calls for a delay.
The Treasury said it will not implement the SDR from February 2021, but will consider the future approach of the rules to the UK’s own post-trade framework.
New lead for Euroclear UK & Ireland business as interim chief steps aside for long-term chief.
EUI had planned to increase its asset maintenance charge in April this year, after initial discussions with its key users in November on its pricing structures.
The Chicago-based global custodian said it had recorded growth across 20 marquee pension fund client types.