News

This mandate follows the largest Middle East listing of the Albilad CSOP ETF, offering Saudi investors 30 sharia-compliant Hong Kong stocks. 

The collaboration between Citi and Fidelity International is part of the Monetary Authority of Singapore's Project Guardian, which aims to enhance liquidity and efficiency in financial markets through asset tokenisation. 

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.  

The new license aims to strengthen HSBC China’s portfolio of custody services in mainland China. 

In its Q3 results, the ICSD reported record custody assets of €40 trillion, all while facing legal challenges in Russia after €1.5 billion payment to the Ukraine fund in July. 

Total represents the highest quarterly revenue total for the business, and the fifth consecutive quarter of growth.  

Latest mandate follows a long string of deals with UK pension funds for Northern Trust this year, including partnerships with Nest and Border to Coast Pensions Partnership. 

The new partnership builds on Standard Chartered’s recent digital asset announcements, including last week’s collaboration with inter-dealer broker TP ICAP and the launch of its digital asset custody service in the UAE. 

Custodian attributes the decline to the sale of its hedge fund administration business to BNP Paribas.  

This week’s securities finance round-up features the South Korean National Assembly, Pan Asian Securities Lending Association, US Securities and Exchange Commission, Options Clearing Corporation, Central Securities Depository Prague, Securities and Exchange Commission of Thailand, and Wematch.