Securities finance round-up: HSBC, Citi, Deutsche Bank and more
This week’s securities finance round-up features HSBC, Citi, Deutsche Bank, HQLAᵡ, LCH, Financial Conduct Authority, Japan Securities Clearing Corporation.
News
Custody
BNY to accelerate migration to new operating model in 2025
CEO Robin Vince describes 2025 as a milestone year for the custodian, with 80% of employees set to go live on the new system by year-end.
Ex-Citi exec joins Pivot Management Consulting as consulting director in Singapore
Executive, who joins from Singapore Exchange (SGX), brings over 30 years of experience in post-trade services, including more than two decades in senior roles at Citi.
State Street’s fee revenue tops $10bn in record 2024
A pair of new Alpha mandates in the fourth quarter takes the total number of mandate wins for the year up to seven.
CACEIS sees global head of client coverage Europe depart for Universal Investment
Long serving RBC Investor Services European executive who transitioned to CACEIS through the acquisition executive joins Universal Investment Group as CEO in Luxembourg.
Citi CEO Fraser says securities services is delivering growth, returns and increasing share
Jane Fraser reiterates that the bank’s services unit remains a ‘crown jewel’ after stellar year.
Broadridge adds GenAI-powered analytics to improve multi-asset post-trade processing
New solution leverages generative AI and natural language interactions to provide instant reports, data visualisation and summaries.
Former BlackRock and S&P Global exec joins Apex as chief product officer
In the New York-based role, the appointee will lead the transformation of the product team.
JP Morgan securities services revenue up 7% in 2024 to over $5bn
The custodian also reported Q4 securities services revenue up 10% to $1.31 billion.
Citi securities services revenue up 17% year-on-year
Citi joins both BNY and JP Morgan in posting stalled AUC/A tallies this quarter.