Executive joins from HSBC, where he spent nearly 12 years across liquidity and treasury solutions roles, following earlier experience at Barclays.
Recent GC Hall of Fame inductee, Ben Challice, CEO of Pirum, reflects on a 25-year career spanning trading, the Lehman Brothers unwind, and banking, sharing how those experiences shaped his leadership, his vision for connected market infrastructure, and the lessons that have endured throughout his career.
Sponsored message from BNY
BNY swept five major accolades, a reflection of a business that has spent the past year strengthening its custody infrastructure, deploying AI at scale and reshaping how collateral moves through the market.
The 2025 Private Equity Fund Administration survey revealed a market still firmly rated Very Good — yet scores edged down as expectations climb, and the industry’s largest clients are proving the hardest to satisfy. As providers are asked to deliver more with less, could effective implementation of AI be the next important differentiator?
New servicing fee revenue wins rose to $87 million during the quarter, while assets under custody and/or administration hit a record high.
Former Zodia Markets CEO joins to lead its digital assets strategy, bringing more than 17 years of capital markets technology experience from the likes of HSBC and Merrill Lynch.
Asset servicing executive joins BNY following a 13-year career at JP Morgan, having previously held roles at Goldman Sachs and NatWest.
Bank is the first applicant to be approved for the scheme, and means the firm’s Orion platform can now operate as a digital securities depository.
Service moves beyond trials following industry testing with more than 50 firms including BlackRock, Citi, Goldman Sachs, JP Morgan, Morgan Stanley and State Street.
The Global Custodian Directory is a single access point to leading Service Providers.
Assets under custody/administration (AUC/A) rise to $62.6 trillion – up 5% from the previous quarter.
Appointments across London, Luxembourg and Dublin include hires from State Street, Brown Brothers Harriman and NatWest, alongside an internal move from Northern Trust’s depositary services business.
Investment targets improvements in SSI data quality, governance and automation across post-trade workflows.
Growth in assets under custody and administration (AUC/A), alongside new client mandates and expanded ETF servicing capabilities, helped drive a strong second quarter for Citi’s securities services business.
Higher market levels, client activity and deposit balances extend the custodian's year-on-year growth streak to 15 quarters.
Experienced executive joins with over 25 years’ senior experience in the financial services space, including stints at Citi and Northern Trust.
This week’s fund services round-up features IQ-EQ, Apex Group, Alchelyst, SEI, Aztec, FundBank, Finbourne Technology and Bunch.