All custody news

Cordea Savills transfers real estate care over to CACEIS

30 July 2013 Munich
Reporter: Georgina Lavers

Cordea Savills Invest GmbH, the investment company of Cordea Savills group, will transfer its depotbank services for real estate funds to CACEIS in the third quarter of 2013...

CACEIS opens Belgian depository

29 July 2013 Belgium
Reporter: Georgina Lavers

CACEIS has opened a new depository bank branch in Belgium, where it currently provides fund administration services...

BNP Paribas snaps up Commerzbank's depot business

26 July 2013 London
Reporter: Georgina Lavers

BNP Paribas Securities Services has acquired Commerzbank’s depotbank business for German-domiciled UCITS and institutional funds, securities funds as well as open-ended real estate funds...

NYC opts for State Street

23 July 2013 New York
Reporter: Mark Dugdale

State Street is in line to replace BNY Mellon as the master custodian of New York City’s five pension funds. The city’s comptroller John Liu said that State Street’s proposal was the cheapest to emerge from an open bidding process...

Citi mandated for Mirae/Horizons ETF

19 July 2013 New York
Reporter: Georgina Lavers

Citi has been mandated by Mirae Asset to provide fund administration, custody and index receipt services for a new ETF platform in the US under the Horizons brand...

Citi signs up the Nationwide Building Society

11 July 2013 London
Reporter: Georgina Lavers

Citi has been appointed custodian of the Nationwide Building Society's assets held in Euroclear and DTC. These assets, worth around $10 billion, were migrated to Citi on 7 June 2013...

Peregrine calls on SGSS for custody services

11 July 2013 Paris
Reporter: Jenna Jones

Peregrine Equities, part of the Peregrine Group, has selected Societe Generale Securities Services (SGSS) in South Africa to provide them with custody services...

BNP Paribas wins Bahamas custody mandate

09 July 2013 Nassau
Reporter: Mark Dugdale

Arabian Gulf Holdings has appointed BNP Paribas as the prime broker and custodian for its latest fund. The bank will provide currency hedging and custody services for the Bahamas-based AGF Arbitrage Fund...

Three custodian banks face ratings review

03 July 2013 New York
Reporter: Mark Dugdale

BNY Mellon, State Street and Northern Trust are facing reviews of their long-term ratings because of narrow margins in core custody services and an over reliance on ancillary services such as securities lending, according to Moody’s...

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