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.
News
BBH unveils multiple upgrades to transfer agency platform
Custodian seeks to increase efficiency and transparency through range of advancements.
Citi custody and fund services veteran departs for Waystone role
GC Legend had spent more than 30 years with Citi securities services in a range of custody and fund services roles and now joins up with ex-colleague Sanjiv Sawhney, CEO of Waystone.
ESMA will not recommend overhaul of penalty mechanism for settlement fails under CSDR
Despite a year of consultation on tweaking the mechanism or significantly increasing penalty rates, European watchdog confirms only a ‘moderate’ increase will occur after considering industry feedback.
Northern Trust and CloudMargin introduce upgraded collateral management solution
Developed in partnership with CloudMargin the enhanced solution aims to offer advanced service capabilities, improved transparency through real-time insights, and platform resilience.
BNY and BlackRock back Liontrust’s enhanced portfolio management system
The enhancements to the integrated solution were implemented in collaboration with BlackRock’s Aladdin platform and BNY, while the integration also includes an enhanced middle-office operating model with the custody giant.
U.S. Bank names new head of global fund services product
Executive, who previously worked within the custody unit, has transitioned to a new role within U.S. Bank.
Northern Trust opens new US asset servicing hub in Boston
The office will be one of three US locations for the custodian, along with Chicago and Tempe, Arizona.
Settlement
EU proposes October 2027 for T+1 switch
Migration aligns with the UK’s proposed switch, with ESMA pointing to the efficiency and resiliency benefits of the move.
Fireside Friday with… AccessFintech’s Pardeep Cassells
AccessFintech's head of client experience, Pardeep Cassells, discusses the UK’s unique challenges in transitioning to T+1 settlement, emphasising the need for automation and regional coordination to mitigate operational risks.