HSBC Securities Services recruits China sales expert for US clients
The new role will involve being responsible for helping drive China sales growth from Americas buy-side clients.
Tag: asset owners
The in-housing project
Asset owners are increasingly taking an active role in managing their money, opening up new avenues for custodians to provide services. But could this spell the end for asset management?
Drop in pension fund and insurance client assets bring down State Street’s AUC
Tough quarter for Boston-based custodian as revenues from asset servicing fees and assets under custody both drop.
BNY Mellon welcomes back Denmark’s huge pension fund in new global custody deal
The Danish pension fund giant put out an RFP to custodians in late 2018 with its current contract due to expire later this year.
HSBC Securities Services creates new private assets role
A number of bank-owned fund administration business are looking to capitalise on the rapid growth in private markets.
Northern Trust hires new sales executive to Insurance Solutions business
Northern Trust reported it had brought on 22 insurance clients with approximately $65 billion in assets over the last two years at the end of 2018.
State Street creates new role for North American asset owner business
State Street has made a series of enhancements in support of asset owners, as it prepares to onboard buy-side clients to its front-to-back model.
Custody
Front-to-back innovation from State Street’s new CEO
Despite unfavourable conditions for the global custody industry as a whole in the first few months of the year, Ron O’Hanley, State Street’s new CEO, sees untapped opportunities.
Asset owners are incorporating ESG strategies in line with UN sustainability goals
Over 90% of asset owners and managers believe more than 25% of their funds will be allocated towards ESG by 2021.
Custodians see opportunities for pension funds taking asset management in-house
Asset owners are seriously considering bringing their trading capabilities in-house, which could result in a shrinkage of assets managed for a fee by managers.