HSBC’s annual results this week showed a large fall in profitability. The cause was centred more on its banking business, while numbers were more positive for activities related to investment funds.
State Street reported higher assets in both its custody and asset management business last week, with Ron O’Hanley, chief executive and chairman, saying performance was improving across the business.
Norwegian-based Storebrand Asset Management has selected Northern Trust as its asset servicing provider to its alternative investment funds and Ucits funds domiciled in Luxembourg.
I have always maintained a strong passion for governance. This has been heavily influenced by my work in the pensions industry for over 25 years, including over five years as a trustee for Defined Benefit and Defined Contribution pension schemes.
Funds Global Asia reports from Clearstream’s Annual Asia Summit, held in Singapore, Hong Kong and Shanghai.
The Bank of New York Mellon has connected its custody business to SimCorp’s Dimension, one of the main risk and trading systems used by asset managers.
Northern Trust has won the contract from The House of Fraser Beatties & Jenners Pension Scheme to provide global custody and valuation reporting services.
A framework for the custody of digital assets is needed for funds development in the crypto universe. Funds Europe speaks to some of the largest custodians to find out what the future holds.
BNP Paribas Securities Services has been appointed by Nikko Asset Management as custodian and administrator for its first exchange-traded fund (ETF) domiciled in Hong Kong.
BNP Paribas has partnered with Allfunds to create a wealthtech platform under a deal that will see it take a significant stake of the fund distribution firm.
