All custody news

New York pension funds taken to task by DFS

18 October 2016 New York
Reporter: Drew Nicol

The New York State Common Retirement Fund, the investment arm of several New York state pension funds, has been accused of running “misguided investment scheme” and failing to “adjust and anticipate potential future losses” in a scathing repo

BNY Mellon wins Swedish custody mandate

18 October 2016 Stockholm
Reporter: Stephanie Palmer

Swedish financial services group Nordea has appointed BNY Mellon to provide custody services for its US debt and equity portfolios, valued at over $7 billion...

Custody and investment: never the twain shall meet

28 September 2016 Geneva
Reporter: Drew Nicol

The blurring of custody and investment business lines among global systemically important banks can create a “high level of risk with regard to asset safety”...

Israeli custody mandate for BNY Mellon

14 September 2016 Tel Aviv
Reporter: Stephanie Palmer

BNY Mellon has been selected by Israeli insurance company Clal Insurance to provide global custody and cash management services for assets totalling over $7 billion...

Clearstream's AuC hits €13.03 trillion

17 August 2016 Luxembourg
Reporter: Mark Dugdale

The value of assets under custody at Clearstream remains healthy, with €13.03 trillion registered in July, only slightly lower than the same month in 2015...

Citi extends global custody settlement times

26 July 2016 London
Reporter: Stephanie Palmer

Citi has made improvements to its integrated custody programme, extending cut-off times for settlement and cash instructions for global custody accounts...

Illinois pensions agency seeks new custodian

18 July 2016 Chicago
Reporter: Stephanie Palmer

The Illinois State Board of Investment is seeking a new provider for master trust and custody services both on a domestic basis and internationally...

University fund mandate for Northern Trust

11 July 2016 Richmond, Virginia
Reporter: Stephanie Palmer

Northern Trust has been selected to provide global custody services for the investment funds of the Virginia Commonwealth University Investment Management Company...

BNP Paribas extends custody offerings in Americas

06 July 2016 Washington DC
Reporter: Stephanie Palmer

BNP Paribas Securities Services has become a direct securities participant of the US Federal Reserve and the Peruvian CSD, improving its custody services in both markets...

UEA ETF custody mandate for BNY Mellon

27 June 2016 Abu Dhabi
Reporter: Stephanie Palmer

BNY Mellon has been appointed as global custodian and fund administrator to the first liquid, tradable and transparent ETF listed in the Middle East under the UAE’s new regulations...

HSBC wins Asia insurance mandate

20 June 2016 Singapore
Reporter: Stephanie Palmer

Allianz in Asia has selected HSBC Securities Services to provide custody and fund administration services for its insurance business in six regional markets...

NeMa: Collaboration key to happy asset managers

16 June 2016 Dubrovnik
Reporter: Stephanie Palmer

Collaboration and communication is the most important aspect of network management for asset managers, according to a panel discussion and poll at NeMa...

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