Magazine Issues»September 2008

hänseler.jpgStephan Hänseler
executive director, head of sales & relationship management, global custody institutional clients

Next to the increased complexity in the banking business due to changes in regulations (account segregation, tax etc), we are also facing an increase in clients’ demand regarding investment reporting. In the sector of private and...

hooley.jpgJay Hooley
president and chief operating
State Street

Rising regulatory scrutiny and the
related cost of compliance that face the financial services industry have had a
dramatic impact on business as well as the steps financial services providers
must take to provide institutional investors with the transparency they need.

Every day, the...

fors.jpgGöran Fors

global head of custody

Custody has during the last year seen an
extreme growth in the number of markets our clients invest into, as well as the
complexity of these markets. The changing of asset classes has also been
challenging due to the increase in demand for reporting capabilities.

In the future we will see a number of
challlenges driven by the...

wright.jpgRob Wright

chief operating officer
Dexia Investor Services

One challenge has been the continuing
mainstream shift away from relative, passive benchmark returns to alpha.
Providers continue to witness increasing volumes from alternative asset
managers and growth in the use of OTC derivatives. Some funds are combining
strategies, bringing together 130/30, mixing...

steimer.jpgGeri Steimer

head of business
Julius Baer Custodian Services

Since we are a leading wealth manager, we
strongly develop our five-star custodian services for family offices. In
addition to our private banking services we provide enhanced custody solutions
for private persons “with institutional requirements”, eg, consolidated
reporting (customised...

kehir_buliding.jpgDeclan Kehir

head of custody operations
PNC Global

In the past year, global custodians
continued to be challenged by the long-term emphasis on maximising efficient,
cost-effective service delivery for standard and new product types, along with
the shorter term adjustments required by...

jackson.jpgFrancis Jackson

managing director,
business development executive
JP Morgan Worldwide Securities Services

The challenges facing custodians over the
past year reflect those facing the funds industry as a whole – demands by
investors for higher returns and the resulting use of sophisticated investment
instruments, regulatory and compliance pressures, changing technology...

stillabower.jpgPaul Stillabower,

global head of business
development, Fund Services
HSBC Securities Services

The greatest challenge in the past year
has been developing robust solutions to service the increased number of complex
investments to support our clients. We have invested, and continue to invest
and develop our data warehouse, our pricing engines and our middle...

longree.jpgJosé-Benjamin Longrée

managing director

CACEIS Bank Luxembourg


The global banking sector is still experiencing tough times as the effects of the sub-prime crisis drag on. Investment and custodian banks have tightened their budget belts but are likely to...