Assets under custody and/or administration rise marginally from the second quarter, while revenue growth is supported by higher client activity, new business and market values.
Former Fundbank executive returns to Northern Trust after more than 20 years the custodian, where he held senior roles in client coverage and relationship management.
Executive will take charge of Clearstream Fund Services’ digital strategy, spanning fund distribution, DLT-enabled processing and private markets automation.
The regulator to ask “very difficult questions” of firms lagging in their preparations, as industry figures caution against complacency.
Custodian booked $429 billion in new AUC/A wins during the quarter, with total assets now at $59.2 trillion.
Workflow takes tokenised US Treasuries beyond settlement and into collateral financing, as BNY prepares to extend settlement hours across markets.
Executive joins Apex Group from Clearstream’s fund distribution platform, bringing more than 25 years of experience across fund distribution and financial market infrastructure.
Collateral Central Beta marks the first phase of a wider overhaul of the bank’s tri-party collateral offering, with further capabilities planned.
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Growth in AUC/A and higher fees drove the increase, as Citi CEO Jane Fraser hailed the bank’s ‘best third-quarter revenue in a decade’.
Investment manager has replaced its legacy fund accounting system with FundGuard’s cloud-native platform to improve automation, real-time data visibility and scalability.
Securities services income posts double-digit year-on-year growth, though assets under custody show a rare dip.
Expanded licence allows Zodia Custody’s Abu Dhabi subsidiary to hold tokenised securities, as financial institutions explore bringing traditional assets on-chain.
Time-zone differences could leave global investors with only an overnight window to complete critical post-trade activities, according to a Deutsche Bank whitepaper.
Executive joins BNY after roles at Citi, JP Morgan, BBH and PIMCO.
Bank of China (Hong Kong) becomes the first member to onboard, giving CMU members access to Swiss and Spanish equities through CMU’s nominee account with SIX.