Settlement fails cited as major operational strain on banks’ middle-office teams
Nearly half of banks and brokers intend to change their middle-office system completely, according to the survey.
Tag: middle-office
Northern Trust to provide middle-office services for Martin Currie Investment Management
Custodian continues hot streak of middle-office outsourcing deals and continues to accumulate assets under custody from UK fund managers.
Nordic Investment Bank ABG extends use of Torstone platform to include middle-office workflow
The partnership will allow ABG to further improve digitalisation and automation through the entire post-trade process.
PNC to use SS&C tech to power accounting and operations
The US insurance company giant has adopted the SS&C SmartSource platform to manage the middle- and back-office for three of its insurance companies.
Dutch insurer Lifetri outsources middle- and back-office to CACEIS
The mandate will also enable Lifetri to continuously monitor its investments with an integrated view on all internally and externally managed portfolios.
State Street to take on M&G middle-office through BlackRock Aladdin
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.
MUFG Investor Services bolsters team with triple addition
Appointments see new talent join MUFG Investor Services’ business development, data strategy and IT teams.
BNY Mellon loses global head of operations to State Street
BNY Mellon's former global head of operations will now be responsible for State Street's custody, middle-office, transfer agency and client service operations.
Arcesium to automate treasury operations for UK hedge fund Broad Reach Investment Management
The hedge fund will utilise Arcesium’s modular Treasury suite to scale its treasury functions and bring new controls into its collateral management workflows.
A custody world seeking a new identity enters the front-to-back era
Mandates are being won and lost on front-to-back capabilities, meaning we are likely to see more partnerships between custodians and front-office providers. What does this shift mean for the future custody landscape and what are the costs and opportunities of these moves?