Northern Trust wins asset servicing mandate from Mereo Insurance
Asset servicer to provide custody services and institutional brokerage solutions, serving as broker for Mereo’s trade execution needs.
Asset servicer to provide custody services and institutional brokerage solutions, serving as broker for Mereo’s trade execution needs.
Giovanni Sabatini, independent chair of the EU T+1 industry committee, provides the latest update at The Network Forum in Madrid.
Currently there are 73 other banks as settlement members in CLSSettlement.
The platform, built in collaboration with Meritsoft and Taskize, is designed to accelerate the resolution of matching and settlement issues.
Market infrastructure provider will handle the collateral selection, valuation and substitution for Euronext, acting as an independent third party.
Incoming appointment brings a wealth of experience to the role, having held senior roles at BBH, BNY, HSBC and Citi.
Unanimous vote will see the current CEO lead the work on setting the agenda for the board.
Extension has been actioned to provide firms with more time to test for compliance with the updated form, the SEC says.
The roll-out marks the latest milestone in the partnership between the two organisations, which has stretched back over several years.
New functionality is designed to enable clients to define, update, monitor and share collateral schedules in real-time.