All fund services news

A tale of two markets

04 August 2014 New York
Reporter: Stephen Durham

The funded status of the typical US corporate pension plan declined 1.2 percentage points in July 2014 to 90.8 percent, as the steep drop in equity prices at the end of July sent asset values lower, according to ISSG...

Prime funds for BNP Paribas

01 August 2014 London
Reporter: Catherine Van de Stouwe

Global custodian BNP Paribas Securities Services is acquiring Prime Fund Services (PFS) from Credit Suisse...

Bedrock chooses SGSS

28 July 2014 Luxembourg
Reporter: Stephen Durham

Societe Generale Securities Services (SGSS) in Luxembourg has been mandated by Bedrock to provide custody, fund administration and registrar services for its range of UCITS funds...

Asset servicing revenue growth for BNY Mellon

23 July 2014 New York
Reporter: Catherine Van de Stouwe

BNY Mellon has reported a 3 percent rise in asset servicing revenue with long-term outflows totalling at $13 billion and short-term outflows reaching $18 billion...

State Street has strong Q2 earnings

23 July 2014 Boston
Reporter: Catherine Van de Stouwe

State Street has reported a “solid” Q2 for 2014 with asset servicing and asset management revenue up 7 percent from Q2 2013...

Citi to support Nedgroup UCITS fund

22 July 2014 Dublin
Reporter: Catherine Van de Stouwe

Citi has received a new mandate from Nedgroup Investments to provide a full range of investor services for the Nedgroup Investment Funds..

€180 billion mandate awarded to BNP Paribas

22 July 2014 Milan
Reporter: Catherine Van de Stouwe

BNP Paribas Securities Services has been awarded a €180 billion pan-European mandate from the Generali Group...

Sky is high for Northern Trust

21 July 2014 Chicago
Reporter: Catherine Van de Stouwe

Northern Trust has reported a 20 percent rise in assets under custody and a 15 percent rise in assets under management for Q2 2014 compared to Q2 2013...

Historical drop in Q2 for J.P Morgan Chase

21 July 2014 New York
Reporter: Catherine Van de Stouwe

J.P. Morgan Chase has had a strong Q2, reporting a net income of $6 billion on revenue of $25.3 billion, down 2 percent from Q2 2013...

Successful H1 2014 for fund services

17 July 2014 New York
Reporter: Stephen Durham

New flows into equity and credit funds drove H1 2014 to becoming the industry’s best opening stretch since 2007, according to data from eVestment...

BNY Mellon get AIFMD authorisation

16 July 2014 London
Reporter: Catherine Van de Stouwe

BNY Mellon has received formal approval from the Financial Conduct Authority (FCA) to provide trustee and depositary services to alternative investment funds (AIFs) under the Alternative Investment Fund Manager Directive (AIFMD)...

State Street offers BAAM liquid alternatives

16 July 2014 New York
Reporter: Catherine Van de Stouwe

State Street has been selected by Blackstone Alternative Asset Management (BAAM) and Legg Mason for liquid alternatives fund servicing...

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