The positive scores come as many hedge fund clients relied on their administrators to weather market turbulence and provide support for their own business continuity plans.
The world’s largest global custodian tells majority of staff throughout 35 countries not to come into the office.
An asset class rotation among hedge funds could encourage prime brokers to invest significantly in specialising in servicing credit and multi-asset strategies.
As State Street celebrates its 50th anniversary in Europe, Middle East and Africa (EMEA), the development of locally-based solutions could be its greatest asset.
Buy-side firms have increased their focus on NAV generation following the COVID-19 pandemic and changes to business continuity plans, according to the report from Celent.
Increased margin calls and collateral disputes among the reasons why treasury teams faced a crucial role during the COVID-19 crisis and beyond.
The massive fall in revenues was largely caused by lower market valuations and short-selling bans enacted worldwide by regulators.
Custodians have been presented the perfect opportunity to push for regulators to adopt digitalisation and to do-away with requiring paper-based compliance.