custody

May 21, 2015

OutsorcingMutual funds that outsource their fund management are likely to have lower subscription fees and better performance.

May 15, 2015

Sunken shipWhether it makes sense for transfer agencies and software firms to merge, the new consolidation in the low-margin business may well see costs for fund managers fall, finds Nicholas Pratt.

May 15, 2015

Francis Jackson RBCRBC Investor & Treasury Services (RBC I&TS), part of Royal Bank of Canada, has appointed Francis Jackson as global head of client coverage for asset managers, pensions and sovereign wealth.

May 11, 2015

Laurent Ramsey PictetPictet Group, a Geneva-based bank and asset manager, has appointed its deputy chief executive of asset management, Laurent Ramsey, as a partner after 22 years with the firm.

May 08, 2015

Pieter de JongState Street has appointed its Edinburgh chief operating officer to head State Street Global Services in the Netherlands.

Apr 23, 2015

Profits upAssets under management for the investment management arm of BNY Mellon reached a record $1.74 trillion (€1.62 trillion) for the first quarter of 2015, an increase of 7% year-over-year and 2% sequentially.

Apr 20, 2015

collective investmentEuropean platform provider Allfunds Bank has become Europe’s largest mutual fund platform, overtaking UBS for the top spot, with €147 billion in assets under administration.

Apr 17, 2015

EMEAState Street Corporation has hired Alex Lawton as senior managing director and head of securities finance for State Street Global Markets in Europe, the Middle East and Africa (EMEA).

Apr 16, 2015

GavelThe Financial Conduct Authority (FCA) has fined The Bank of New York Mellon (BNY Mellon) £126 million, for failing to comply with rules on safeguarding custody assets and client money.

Apr 10, 2015

Rolf BachnerCurrent investor protection transparency objectives are being implemented transversally through multiple regulations and now encompass most financial products, the product creation process, product distribution mechanisms and the market infrastructure.

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