All custody news

NeMa: costs not the only factor in custody

26 November 2015 London
Reporter: Stephanie Palmer

Banks can avoid the hidden costs of providing custody services by using a ‘hub’ model, but this should be carefully balanced with providing a good service, according to Duncan Smith...

NeMa: African funds going global

25 November 2015 London
Reporter: Stephanie Palmer

Once considered a specialist investment destination, Africa is gradually carving out its place on the global fund management scene, according to Paul Forsyth, a managing partner at Apache Partners...

Fullgoal chooses Deutsche Bank for RQFII services

23 November 2015 Luxembourg
Reporter: Stephanie Palmer

Fullgoal Asset Management has selected Deutsche Bank as custodian and fund services and transfer agency provides for its Luxembourg-domiciled RQFII fund, one of the first of its type under UCITS IV...

Another RQFII win for HSBC

09 November 2015 Luxembourg
Reporter: Stephanie Palmer

HSBC has been appointed as custodian for the first Luxembourg-based renminbi qualified foreign institutional investor (RQFII), the Industrial and Commercial Bank of China (ICBC)...

NSD's assets under custody jump 28 percent

29 October 2015 Moscow
Reporter: Stephanie Palmer

National Settlement Depository, Russia’s CSD, has seen a 28 percent increase in assets under custody, while the number of securities issued and the value of registered payments both also increased...

Northern Trust selects Clearstream for fund custody

14 October 2015 Chicago
Reporter: Becky Butcher

Northern Trust has chosen Clearstream to handle the third-party fund processing of its investment fund activities...

Clearstream and Euroclear pick BNY Mellon

13 October 2014 Hong Kong
Reporter: Mark Dugdale

International central securities depositaries Clearstream and Euroclear Bank have appointed BNY Mellon to provide them with sub-depository services in the Asia Pacific...

Ashmore makes HSBC custodian in Saudi Arabia

06 October 2015 Riyadh
Reporter: Mark Dugdale

Ashmore Group has mandated HSBC Saudi Arabia as its local custodian, as it bids to become one of the first asset managers to be approved to invest in Saudi Arabia’s stock market, the Tadawul...

Standard Bank: Pension fund admin shifting to banks

28 September 2015 Johannesburg
Reporter: Stephanie Palmer

An increasing demand for lower costs and more effective administration is leading pension funds to look towards banks for administration functions, according to Charl Bruyns...

State Street gets currency swaps mandate

25 September 2015 Toronto
Reporter: Drew Nicol

State Street has been named as the collateral manager and custodian for the Department of Finance Canada’s currency swap programme...

Clearstream grows its assets pool

10 September 2015 Luxembourg
Reporter: Drew Nicol

Post-trade services provider Clearstream enjoyed an 8 percent increase to its overall assets under custody held on behalf of customers, which rose to 13.2 trillion from 12.2 trillion in August 2014...

Saudi Arabia mandate for Northern Trust

07 September 2015 Riyadh
Reporter: Stephanie Palmer

Northern Trust has been selected to provide global custody, fund valuation and accounting services to Muscat Capital, the Saudi Arabia-based investment banking arm of Bank Muscat...

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