State Street replaces UBS as custodian for Swiss government's social security funds
![State Street replaces UBS as custodian for Swiss government's social security funds](https://www.globalcustodian.com/wp-content/uploads/2023/09/STT_OneCongressHQ_Closeup-800x313.jpg)
Mandate follows merger between Spirit Super and CareSuper as JP Morgan picks up custody client formerly of NAB Asset Servicing.
Regulator reportedly close to agreeing modifications to controversial rule, following targeted suggestions for ‘special interest group’.
With the improvement of market efficiency a key priority for regulators and institutions alike, Val Wotton, managing director and general manager, Institutional Trade Processing at DTCC, looks at the numerous benefits that Unique Transaction Identifiers (UTIs) can bring.
Previously unreported mandate from a global asset manager a standout deal from second quarter as BNY’s ETF servicing business also grew 50% YoY.
Former head of FX trading at State Street Brazil assumes lead role, as Telly Theodoropoulos departs position to focus on the global integration of CF Global Trading.
Europe’s markets regulator is looking at the scope of settlement discipline among other areas as it seeks to fine-tune and further clarify the CSDR framework.
New appointment will pursue the development of the client lines across the Asia Pacific region, supporting the custodian’s growth ambitions.
The firm’s assets under custody registered slight growth to top $34 trillion.
The custodian’s AUC/A grew marginally to $24.2 trillion.
Flat revenue growth punctuated by higher market values, net new business and higher FX revenue, the bank said.
Hong-Kong headquartered insurance giant will implement BlackRock’s Aladdin alongside BNY’s investment operations and data management solutions.
New global head of agency securities finance and global head of triparty named as part of internal reshuffle.
Through the agreement, the custodian will provide fund accounting, fund administration and investor servicing for a pair of hedge funds.
Experts in Asia from the realms of custody and asset management discuss the realities they faced since T+1 was implemented, the unexpected lack of major issues but pour cold water on a near-term transition to T+0.
The mandate is the latest in a flurry of new deals for the custodian, which recently picked up deals from Valverde Investment Partners and Canada Life Asset Management.
BNY’s Victor O’Laughlen discusses the launch of the firm’s new collateral platform, and how it aims to address key challenges facing collateral providers today across securities lending, repos, and derivatives.