The partnership aims to allow Citi’s clients that meet certain criteria, to become BondbloX Bond Exchange participants and begin trading bonds
The agreement renews the two firms’ six-year partnership that started in 2017, whereby State Street provided UOBAM's Singapore business with solutions, including global custody, fund accounting, transfer agency and trustee services
The licence will allow Komainu to offer its full suite of custody services, including institutional staking and collateral management via its Komainu Connect platform to clients in the Emirate
The two parties have worked together through intermediaries since 2019
As part of the mandate, State Street will provide abrdn with custody, fund accounting, order-taking and transfer agency services as well as ETF servicing
The service will be available to registered investment advisors, wealth managers and family offices
The mandate is part of NHI&S’ effort to expand its business model to include trustee services for private investment funds in South Korea, an industry-first in the country
