David Abitbol, chief executive of Societe Generale Securities Services, says there’s still plenty that asset servicers can do for fund manager clients to improve their costs base - and like some of his peers, the CEO is looking at dealing desks.
David Abitbol, chief executive of Societe Generale Securities Services, says there’s still plenty that asset servicers can do for fund manager clients to improve their costs base - and like some of his peers, the CEO is looking at dealing desks.
Custody bank Citi has sought to capitalise on Nordea’s decision to exit the Nordic sub-custody market by striking a deal on referrals.
The agreement means Nordea will advise its existing clients to appoint Citi as its new sub-custodian in the region.
Migrating clients will gain access to Citi’s European Single Legal Vehicle platform via the custodian’s Dublin office.
Nykredit, a Danish financial services firm, has transferred the depositary services for it clients to BNY Mellon.
Donia Rouigueb, head of sales for securities finance and repo at CACEIS, participated in our recent securities finance roundtable. She reflects on whether asset owners are likely to move their sec lending activity in-house and on broader issues, including steps to standardise market practice.
Charles Schwab UK, the broker, has been fined by the UK financial regulator for safeguarding and compliance failures.
Axxion, a Luxembourg-based management company, has transferred nine of its alternative investment funds to asset servicing bank Caceis in Germany.
New Irish funds legislation has been hailed as “game-changing” in its scope to accelerate industry growth and potentially create thousands of jobs by 2025.
Conflicting rules surrounding custody of digital assets is hindering major French service providers from positioning themselves in the market.
Global asset servicer Northern Trust has sought to capitalise on the growing demand for crypto currency services by launching a digital custody service aimed at institutional investors.
JP Morgan has been mandated as custodian for a large portion of Finland’s government pension fund Ver in what has been hailed as a “significant” deal for the region.
