Leading the Way

Global Asset Servicing News and Commentary

Custody news

Brown Brothers Harriman supports ICBC UBS Asset Management

11 December 2025 Hong Kong
Reporter: Tahlia Kraefft

The firm will act as custodian and administrator for a new ETF domiciled in Hong Kong, which will give investors in Hong Kong access to the underlying strategy behind KWEB

GBM Securities collaborates with BNY Pershing EMEA

19 November 2025 UK
Reporter: Tahlia Kraefft

The new arrangement introduces a triparty structure designed to advance asset protection, transparency, and operational resilience across GBM's prime brokerage platform

State Street extends strategic relationship with Intesa Sanpaolo

11 November 2025 Italy, US
Reporter: Tahlia Kraefft

As part of this expanded relationship, State Street has entered into an agreement with Intesa Sanpaolo to outsource custody back office operations of the Italian bank

BNP Paribas selected to offer custody and settlement services

08 September 2025 Italy, Germany, and Luxembourg
Reporter: Tahlia Kraefft

Zodia Custody enters partnership with Membrane Labs

14 August 2025 US and UK
Reporter: Hansa Tote

Allianz Australia appoints HSBC

14 August 2025 Australia
Reporter: Hansa Tote

HSBC will provide custodial and fund administration services to both the general and life insurance business of Allianz

OpenEden appoints Bank of New York

14 August 2025 Singapore
Reporter: Hansa Tote

The firms say this partnership highlights OpenEden and BNY’s shared commitment to shaping the future of financial infrastructure

J.P. Morgan wins US$200 billion California custody mandate

08 August 2025 US
Reporter: Karl Loomes

The California State Treasurer’s Office selects J.P. Morgan Securities Services for custody of state investment and insurer assets

Northern Trust appointed custodian for BPF Beton

02 June 2025 The Netherlands
Reporter: Jack McRae

Northern Trust will provide global custody, regulatory reporting, valuation and accounting, and performance analytics services for the Dutch pension fund

Leading the Way

Global Asset Servicing News and Commentary