Irish funds market bounces back from decline in the previous year to grow by 8.6% according to new data which shows a shake-up in the custodian league table in the country.
The Singapore-based insurance firm will utilise Citi’s infrastructure and the Aladdin technology platform to upgrade its front-, middle- and back-office.
After over a decade with the custodian, State Street’s COO for Alpha departs for major role at Janus Henderson.
The Boston custodian’s front-to-back platform continues to secure mandates but loses key APAC head.
BNP Paribas Securities Services has been one of the most active banks in establishing partnerships with FinTechs and other third-party providers. Alvaro Camunas, head of client development at BNP Paribas Securities Services, explains to Global Custodians the motives behind these recent moves.
Custodian’s front-to-back strategy shift continues to see rewards with a third of mandates relating to Alpha.
Custodians are now more willing to use the third-party front- and middle-office platform of their client’s choice for large asset servicing deals.
For some of the Standard Chartered’s clients, the partnership marks the first integrated front-to-back solution is available for emerging and frontier markets.
The launch of the solution comes as BlackRock looks to make its Aladdin Provider platform a core infrastructure used between investment managers and asset servicers.
