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BNP Paribas acquires Spanish depo bank


01 May 2014 Madrid
Reporter: Stephen Durham

BNP Paribas Securities Services has acquired Banco Popular’s depositary banking business. The transaction is expected to close in early summer 2014, subject to regulatory approval...
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Deutsche appoints Moral to new IS division


15 April 2014 London
Reporter: Georgina Lavers

Deutsche has created an investor services business within its trust and securities services/cash management financial institutions, appointing Rafael Moral as global head of the business...
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Clearstream custody rises 5 percent


11 April 2014 Frankfurt
Reporter: Georgina Lavers

Clearstream’s March 2014 figures saw a continued peak of assets under custody at €12.1 trillion, and significant growth across all four Clearstream business streams of custody, settlement, global securities financing, and investment funds service
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Global Prime Partners chooses Deutsche


07 April 2014 London
Reporter: Georgina Lavers

Global Prime Partners (GPP) has appointed Deutsche Bank to provide execution, clearing and custody services...
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Cost cutting drives down custody scores


01 April 2014 London
Reporter: Georgina Lavers

In a 2014 survey of global custodians, it was found that Pictet, RBC and BNP Paribas were highest ranked, but that overall, scores declined across the board...
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CIBC Mellon now services all Horizons' ETFs


28 March 2014 Toronto
Reporter: Georgina Lavers

Horizons ETFs Management in Canada has selected CIBC Mellon to provide fund administration, custody and ETF services for the Horizons family of 38 leverage and inverse ETFs...
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Thomas Murray IDS benches for Aon


28 March 2014 London
Reporter: Georgina Lavers

Thomas Murray IDS will provide Aon Hewitt's clients in the UK with advisory, benchmarking and monitoring services in the field of asset servicing, global custody and related activities...
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50% off equity custody fees down at the LuxCSD


27 March 2014 Luxembourg
Reporter: Georgina Lavers

As part of its initiative to support the dematerialisation of securities of all types, LuxCSD is cutting custody fees for equities by 50 percent...
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BNY Mellon and AP7 together again


25 March 2014 Sweden
Reporter: Georgina Lavers

BNY Mellon has been reappointed by Swedish state pension fund Sjunde AP-fonden (AP7) to provide global custody and collateral services to assets valued at $28.8 billion...
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BNY Mellon catches Phoenix account


24 March 2014 Phoenix
Reporter: Georgina Lavers

BNY Mellon has been chosen by the City of Phoenix Employees' Retirement System (COPERS) to provide custody, accounting, and securities lending solutions to plan assets valued at $2 billion...