www.globalcustodian.com

Market developments in Mongolia set to increase foreign investment

Tue, 21 Nov 2017 15:31:51 GMT

Market developments in Mongolia set to increase foreign investment Charles Gubert editors@globalcustodian.com Mongolia is moving on from being the poster child for frontier markets and is attempting to align it with global practices. false Known affectionately as the “Lan

Citi taps global custody veteran from Northern Trust for Europe

Tue, 21 Nov 2017 11:25:45 GMT

Citi taps global custody veteran from Northern Trust for Europe Joe Parsons joe.parsons@strategic-i.com The appointment is the second consecutive hire for Citi's European custody and fund services business this month. false Citi has hired Fiona Horsewill as its new Europe

RBC I&TS continues global coverage drive with new UK head

Mon, 20 Nov 2017 12:37:44 GMT

RBC I&TS continues global coverage drive with new UK head Joe Parsons joe.parsons@strategic-i.com Former England rugby union captain Pat Sanderson joins RBC I&TS from JP Morgan, the latest hire for the global client coverage team. false RBC Investor & Treasury

Due diligence process remains hard to standardise

Mon, 20 Nov 2017 11:48:38 GMT

Due diligence process remains hard to standardise Charles Gubert editors@globalcustodian.com AFME’s due diligence questionnaire is a step forward in a longer journey, according to attendees at Network Forum Asia. false The Association for Financial Markets in Europe’s (AF

First State Investments switches custody mandate from State Street to BNY

Mon, 20 Nov 2017 11:23:37 GMT

First State Investments switches custody mandate from State Street to BNY Joe Parsons joe.parsons@strategic-i.com BNY Mellon will provide global custody, fund accounting and transfer agency for First State Investments' £127.5 billion assets globally. false BNY Mellon will

ABN Amro to use Monte Titoli for Italian T2S access

Fri, 17 Nov 2017 12:41:35 GMT

ABN Amro to use Monte Titoli for Italian T2S access Joe Parsons joe.parsons@strategic-i.com ABN Amro Clearing will settle Italian securities directly with Monte Titoli, the LSE-owned Italian CSD. false ABN Amro Clearing has linked up with Monte Titoli as a directly connec

Deutsche Boerse hires UniCredit chief as new CEO

Fri, 17 Nov 2017 10:57:26 GMT

Deutsche Boerse hires UniCredit chief as new CEO Hayley McDowell hayley.mcdowell@strategic-i.com Theodor Weimer, the current CEO at HypoVereinsbank UniCredit Bank, will take over as CEO of the exchange group next year. false Deutsche Boerse has named a new chief execu

Clearstream goes live with enhanced triparty collateral management service

Thu, 16 Nov 2017 12:20:14 GMT

Clearstream goes live with enhanced triparty collateral management service Joe Parsons joe.parsons@strategic-i.com The OneClearstream collateral management service allows assets to be moved across its domestic and international CSD. false Clearstream has gone live with a

Custodians turn to new technologies to tackle cyber threat

Thu, 16 Nov 2017 10:22:23 GMT

Custodians turn to new technologies to tackle cyber threat Charles Gubert editors@globalcustodian.com When the World Economic Forum (WEF) buckets cyber-security alongside extreme weather events, natural disasters and terrorism in its annual assessment of global risks, the banking industry will typically si

Euroclear rolls out dual account structure to free up asset movement

Wed, 15 Nov 2017 13:17:42 GMT

Euroclear rolls out dual account structure to free up asset movement Joe Parsons joe.parsons@strategic-i.com Banks have been seeking new ways to use assets held within T2S to finance positions outside of the Eurozone. false Euroclear has begun rolling out a new structure

New technologies to provide new role for custodians

Wed, 15 Nov 2017 11:03:45 GMT

New technologies to provide new role for custodians Charles Gubert editors@globalcustodian.com Distributed ledger technology (DLT) will reinvent the value chain for custodians, says HSBC's John Van Verre. false Anybody in securities services who has attended one of Sibos

Citi pilots digital proxy voting platform

Wed, 15 Nov 2017 10:34:24 GMT

Citi pilots digital proxy voting platform Joe Parsons joe.parsons@strategic-i.com The platform uses a core algorithm to eliminate cut-off dates, ensuring investors have the maximum time to reach the AGM and cast their votes. false Citi has successfully tested a new digita

GC North America Industry Person of the Year shortlist announced

Wed, 15 Nov 2017 10:11:01 GMT

GC North America Industry Person of the Year shortlist announced editors@globalcustodian.com editors@globalcustodian.com GC announces the four nominees who will compete for the inaugural title of Global Custodian's North America Industry Person of the Year. false

BNY Mellon Investor Services head Shea departs amid major shake-up

Tue, 14 Nov 2017 14:11:12 GMT

BNY Mellon Investor Services head Shea departs amid major shake-up Hayley McDowell editors@globalcustodian.com CEO of investment services at BNY Mellon, Brian Shea, will leave as the bank overhauls structure and leadership of entire business. false The CEO of investment

European Commission launches blockchain study

Tue, 14 Nov 2017 11:56:41 GMT

European Commission launches blockchain study Hayley McDowell editors@globalcustodian.com EU has established a €250,000 blockchain study looking at the degree of regulatory intervention the European Commission should take. false The European Commission has launched a

Citi hires former iShares executive for global ETF role

Mon, 13 Nov 2017 15:00:41 GMT

Citi hires former iShares executive for global ETF role Joe Parsons joe.parsons@strategic-i.com Andrew Jamieson joins Citi to lead product and development of its global ETF custody and fund administration business. false Citi has appointed a former senior executive from B

State Street CEO to receive GC Lifetime Achievement Award

Mon, 13 Nov 2017 13:44:08 GMT

State Street CEO to receive GC Lifetime Achievement Award Jonathan Watkins jonathan.watkins@strategic-i.com State Street's chief executive Jay Hooley will be awarded Global Custodian's Lifetime Achievement award at the North America Industry Leaders event. false Global C

RBC I&TS hires custody veteran for Australia business

Mon, 13 Nov 2017 11:15:29 GMT

RBC I&TS hires custody veteran for Australia business Joe Parsons editors@globalcustodian.com RBC snaps up 29-year veteran from JP Morgan to head up global client coverage in Australia. false RBC Investor & Treasury Services (RBC I&TS) has hired Australian glo

SIX reorganises securities and post-trade business, appoints new CEO

Fri, 10 Nov 2017 11:49:16 GMT

SIX reorganises securities and post-trade business, appoints new CEO Joe Parsons joe.parsons@strategic-i.com The Swiss market infrastructure will merge SIX Exchange and SIX Securities into one business from the second quarter of 2018. false Swiss exchange group SIX has re

The Volcker Overrule

Fri, 10 Nov 2017 11:00:46 GMT

The Volcker Overrule Charles Gubert editors@globalcustodian.com US regulators are seeking ways to improve the controversial Volker Rule, but will the vastly unpopular regulation be reformed? false Very few issues bridge the political divide in Washington DC today, but

CSDs see progress for ledger technology in proxy voting

Thu, 09 Nov 2017 13:11:16 GMT

CSDs see progress for ledger technology in proxy voting Joe Parsons joe.parsons@strategic-i.com Proxy voting and corporate actions have been touted as the perfect starting point for applying DLT to the post-trade. false The application of distributed ledger technolog

BNP Paribas launches US mutual fund administration business

Thu, 09 Nov 2017 11:50:05 GMT

BNP Paribas launches US mutual fund administration business Joe Parsons joe.parsons@strategic-i.com BNP Paribas has become the first European custodian to launch a US mutual fund administration business. false BNP Paribas Securities Services has become the first European

GC Sessions to focus on mid-tier prime brokers and HFA operating model

Wed, 08 Nov 2017 12:25:35 GMT

GC Sessions to focus on mid-tier prime brokers and HFA operating model Joe Parsons joe.parsons@strategic-i.com The two panels will look into the hedge fund administration business and the progress among mid-tier prime brokers. false Global Custodian will host two dynamic

Hong Kong regulator to probe prime brokerage practices

Wed, 08 Nov 2017 11:40:48 GMT

Hong Kong regulator to probe prime brokerage practices Joe Parsons joe.parsons@strategic-i.com Hong Kong's SFC will look into the conduct and risk management practices of prime brokers in the country. false Hong Kong’s Securities and Futures Commission (SFC) has launched

State Street CEO to retire, sparking global leadership reshuffle

Tue, 07 Nov 2017 15:27:41 GMT

State Street CEO to retire, sparking global leadership reshuffle Joe Parsons joe.parsons@strategic-i.com Jay Hooley will retire at the end of 2018, culminating his 30 year career at the Boston-based global custodian. false State Street’s long-serving chief executive, Jay

CFTC chairman warns EU to not overreach in clearing battle

Tue, 07 Nov 2017 13:39:05 GMT

CFTC chairman warns EU to not overreach in clearing battle Joe Parsons joe.parsons@strategic-i.com CFTC's Giancarlo stated stricter rules on overseeing non-EU clearing houses will damage US derivatives markets. false The chair of the derivatives watchdog in the US

IHS Markit to automate settlement and margin payments for FX derivatives

Tue, 07 Nov 2017 13:29:15 GMT

IHS Markit to automate settlement and margin payments for FX derivatives Joe Parsons joe.parsons@strategic-i.com IHS Markit has partnered with LCH SwapAgent and CLS to automate settlement and margin payments. false IHS Markit has launched a new technology solution enabli

BNP Paribas wins collateral management mandate with Italian insurer

Mon, 06 Nov 2017 12:57:08 GMT

BNP Paribas wins collateral management mandate with Italian insurer Joe Parsons joe.parsons@strategic-i.com BNP Paribas Securities Services will provide collateral management, OTC derivatives valuation and transaction management services. false BNP Paribas Securities Serv

ICE boss seeks European custody exposure with Euroclear stake

Mon, 06 Nov 2017 12:54:02 GMT

ICE boss seeks European custody exposure with Euroclear stake Joe Parsons joe.parsons@strategic-i.com ICE CEO Jeff Sprecher said the deal with Euroclear will align it closer to Europe’s custody industry. false Gaining exposure to Europe’s custody and collateral m

Editors’ Choice awards announced for North American Industry Leaders event

Fri, 03 Nov 2017 15:19:45 GMT

Editors’ Choice awards announced for North American Industry Leaders event Joe Parsons joe.parsons@strategic-i.com Editors' Choice awards include 'Deal of the Year', 'Custody Technology of the Year' and 'North American Sub-Custodian of the Year'. false Nominations for ‘D

European custodians enjoy profitable Q3

Fri, 03 Nov 2017 11:22:23 GMT

European custodians enjoy profitable Q3 Joe Parsons joe.parsons@strategic-i.com Societe Generale, BNP Paribas and HSBC all recorded an increase in securities services revenues during the quarter. false Europe’s largest custodian banks have seen increased revenues during t

BNP Paribas adopts real-time corporate actions service with ASX

Thu, 02 Nov 2017 12:08:34 GMT

BNP Paribas adopts real-time corporate actions service with ASX Joe Parsons joe.parsons@strategic-i.com The service allows straight-through delivery of corporate actions announcements to clients within seconds. false BNP Paribas Securities Services has become the first cu

Why securities services needs a ‘Ford’ moment

Thu, 02 Nov 2017 10:13:17 GMT

Why securities services needs a ‘Ford’ moment Charles Gubert editors@globalcustodian.com The 'Ford' moment could be realised if custodians became more adventurous and radical in their outsourcing arrangements. false In the early 20 th century, car ownership was a luxury

Global Custodian announces nominees for Prime Brokerage and Private Equity Admin awards

Wed, 01 Nov 2017 17:00:50 GMT

Global Custodian announces nominees for Prime Brokerage and Private Equity Admin awards Joe Parsons joe.parsons@strategic-i.com The awards for categories based on Global Custodian's prime brokerage and private equity fund administration surveys will be presented at the Industry Leaders awards.

RBC I&TS wins Aviva Canada custody mandate

Wed, 01 Nov 2017 16:16:39 GMT

RBC I&TS wins Aviva Canada custody mandate Joe Parsons joe.parsons@strategic-i.com RBC I&TS will provide custody, foreign exchange and security lending services on the insurance company’s corporate treasury assets. false RBC Investor & Treasury Services (

HFA and MFA Nominees announced for Industry Leaders awards

Tue, 31 Oct 2017 15:18:07 GMT

HFA and MFA Nominees announced for Industry Leaders awards Joe Parsons joe.parsons@strategic-i.com The awards for categories based on Global Custodian's mutual and hedge fund administration surveys will be presented at the Industry Leaders awards on 30 November in New York City.

Outsourcing market expected to reach €1.8 billion over next 10 years

Tue, 31 Oct 2017 11:38:39 GMT

Outsourcing market expected to reach €1.8 billion over next 10 years Joe Parsons joe.parsons@strategic-i.com Banks are looking to significantly expand the scope of outsourcing to all activities for all asset classes, new research has found. false A new study by Oliver Wym

Global Custodian’s US Innovation Awards open for nominations

Mon, 30 Oct 2017 14:02:23 GMT

Global Custodian’s US Innovation Awards open for nominations Joe Parsons joe.parsons@strategic-i.com Awards to be presented at Global Custodian's annual dinner in New York will recognise the industry's top innovators. false Nominations for Global Custodian’s Innovatio

Citi partners with Clearstream for Bond Connect service

Mon, 30 Oct 2017 10:57:30 GMT

Citi partners with Clearstream for Bond Connect service Hayley McDowell editors@globalcustodian.com Partnership will expand access to the China Interbank Bond Market through the Bond Connect scheme. false Citi has teamed up with Clearstream to provide international marke

Europe's short selling rules up for review

Mon, 30 Oct 2017 10:21:53 GMT

Europe's short selling rules up for review Sarfraz Thind editors@globalcustodian.com Industry pressure is forcing European regulators to rethink short selling regulations enforced post-financial crisis. Should we expect a scale back? false A curious story emerged earlier

Deutsche Boerse chief to resign at the end of the year

Fri, 27 Oct 2017 12:03:36 GMT

Deutsche Boerse chief to resign at the end of the year Hayley McDowell hayley.mcdowell@strategic-i.com Carsten Kengeter confirms plans to step down as CEO from 31 December this year. false Carsten Kengeter, chief executive officer at Deutsche Boerse, has announced his

ICOs next in line to disrupt securities services industry

Fri, 27 Oct 2017 10:27:56 GMT

ICOs next in line to disrupt securities services industry Charles Gubert editors@globalcustodian.com For those in securities services, initial coin offerings (ICO) will most likely be added to the list of industry buzzwords. false Returning from Sibos 2017 in Toronto, mos

Intercontinental Exchange buys stake in Euroclear

Wed, 25 Oct 2017 10:52:58 GMT

Intercontinental Exchange buys stake in Euroclear Joe Parsons joe.parsons@information-partners.com ICE represents the first exchange operator to acquire a stake in the Belgium-based post-trade infrastructure. false Intercontinental Exchange (ICE) has acquired a 4.7% stake

Emerging markets: Following in Europe’s Footsteps

Tue, 24 Oct 2017 14:09:35 GMT

Emerging markets: Following in Europe’s Footsteps Charles Gubert editors@globalcustodian.com Emerging market infrastructures are looking at the EU to model their post-trade processes, but how far off are they to modernisation? false Encouraging GDP (gross domestic produc

RBC I&TS bolsters product management team

Tue, 24 Oct 2017 12:37:54 GMT

RBC I&TS bolsters product management team Joe Parsons joe.parsons@strategic-i.com The Canadian custodian has made a number of key appointments for its European business, with Geert Pick as the latest hire for its product management team. false RBC Investor & Treas

Asian markets warming to T2S-style solutions

Mon, 23 Oct 2017 15:30:17 GMT

Asian markets warming to T2S solutions Joe Parsons joe.parsons@strategic-i.com Deutsche Bank's global securities services head is seeing interest in taking their T2S services to Asian markets. false Securities services firms and regulators in Asia are looking to adopt si

Quantum computing threatens blockchain’s security

Mon, 23 Oct 2017 11:48:11 GMT

Quantum computing threatens blockchain’s security Charles Gubert editors@globalcustodian.com The next advancements in computing could pose a significant risk for banks using blockchain technology for digital currencies and data management. false After several years of Sib

Regulators urged to step up in blockchain drive

Thu, 19 Oct 2017 21:50:01 GMT

Regulators urged to step up in blockchain drive Jonathan Watkins jonathan.watkins@strategic-i.com Experts believe regulators should be more involved in helping the industry develop distributed ledger technology (DLT) and artificial intelligence (AI). false The securi

New BNY Mellon chief targets improved ETF asset servicing business

Thu, 19 Oct 2017 21:40:03 GMT

New BNY Mellon chief targets improved ETF asset servicing business Joe Parsons joe.parsons@strategic-i.com The BNY Mellon CEO said it needs to improve services for ETFs to keep up with rival custodians in the segment. false BNY Mellon’s new CEO, Charles Scharf, has target

Apex acquires Deutsche Bank’s Alternative Funds Services business

Thu, 19 Oct 2017 20:50:40 GMT

Apex acquires Deutsche Bank’s Alternative Funds Services business Jonathan Watkins jonathan.watkins@strategic-i.com The takeover will propel Apex into the top ten administrators in the world, with the deal more than doubling its assets under administration (AuA). false