BNY expands custody and fund administration services in Abu Dhabi
New category 4 license enables BNY to offer additional services, including custody, fund administration, and credit and investment deals.
Fund Administration
State Street sees 23% reduction in ETF daily cash collateral as a result of T+1
To further accommodate the switch to a shortened settlement cycle, the custodian also made two enhancements to its ETF service model.
Fund services round-up: Carne, Apex Group, Hazeltree and more…
This week’s fund services round-up features: fundcraft, Carne, Apex Group, Raiven Capital, Next Gate Tech, Prescient Fund Services, Hazeltree, Allvue Systems and Juniper Square.
Prime broker and fund administrator align as Fidelity and Stone Coast partner to streamline hedge fund operations
The partnership seeks to streamline operational management for hedge funds, especially those requiring a unified approach to brokerage, fund administration, and data management.
Fireside Friday with… Apex Group’s Peter Hughes
Global Custodian sits down with founder and CEO of Apex Group, Peter Hughes, to discuss the strategic direction of the firm and how the organisation views the increasing retailisation of private markets.
HSBC securities services revenue drops 7% in Q3
Custodian attributes the decline to the sale of its hedge fund administration business to BNP Paribas.
Apex Group adds $10.5bn in AUA with Chilean administrator acquisition
Deal consolidates Apex’s presence in the region, with teams currently operating in both Brazil and Uruguay.
Fund services round-up: Ocorian, Langham Hall, Aztec Group and more…
This week’s fund services round-up features: Ocorian, Langham Hall, Aztec Group, AirFund, Maples, Apex and Norlantic.
BNY’s ETF business going from strength to strength as AUC/A rises 70% year-on-year
Custodian also points to a larger pipeline for business yet to be installed, with client interest now spanning multiple business lines.
Custody
BNY surpasses $50 trillion milestone in assets under custody and administration
Coveted target reached for BNY, six years after becoming the world’s largest custodian, in a quarter where the bank also posted a record for fee revenue.