All industry news

COO’s influences reach ‘beyond back office’, survey reveals

20 February 2020 London
Reporter: Maddie Saghir

BNP Paribas Securities Services observes that now more than ever COOs are more focused on growth and transformation, which reflects financial institutions’ drive to adapt to change, BNP Paribas observed

Bermuda returns to the EU’s ‘white list’

19 February 2020 Bermuda
Reporter: Maria Ward-Brennan

Bermuda has returned to the European Union’s ‘white list’ of fully cooperative tax jurisdiction for the first time since 2017

HSBC set for restructure as it reveals 35,000 job cuts

19 February 2020 London
Reporter: Maddie Saghir

HSBC’s group executive, Noel Quinn, indicated that HSBC will adjust its headcount in line with how the business is progressing as well as factors relating to the economic environment

Northern Trust to provide outsourced trading services to Illinois pension fund

19 February 2020 Chicago
Reporter: Maddie Saghir

Northern Trust already provides global custody, securities lending, valuation support, compliance analysis, banking, treasury services, investment management to IMRF

IQ-EQ enhances US presence with Blue River Partners acquisition

19 February 2020 Dallas
Reporter: Maddie Saghir

The newly combined US operation between IQ-EQ and Blue River, which is headquartered in Dallas, will total 200 people in the US as a result of this transaction

Clearstream sees assets under custody figure increase

17 February 2020 Luxembourg
Reporter: Maddie Saghir

Clearstream has revealed its monthly figures for January, which identified an 8 percent increase in assets under custody, compared to the same month last year

Campbell & Company selects NAV for fund admin

17 February 2020 Illinois
Reporter: Maddie Saghir

NAV, a provider of alternative fund administration, replaced Campbell & Company’s current fund administrator on 1 January this year

Euroclear signs deal with Serbia’s Ministry of Finance

12 February 2020 Brussels
Reporter: Becky Bellamy

The deal will allow Serbia to eventually create a Eurocleable link, which will, in turn, facilitate international investment into the Serbian bond market

BitGo expands into Switzerland and Germany with new custodial entities

10 February 2020 London
Reporter: Maddie Saghir

“Switzerland and Germany have both become important European centres for digital assets as well as for forward-thinking regulatory frameworks,” according to BitGo CEO

Deutsche Bank partners up with Xceptor

10 February 2020 Indonesia
Reporter: Maddie Saghir

The partnership will see Xceptor help to automate reconciliations with multiple external parties for the bank’s securities services business

ECB publishes guide to help banks calculate counterparty risk

07 February 2020 Frankfurt
Reporter: Maddie Saghir

The guide outlines the methodology it uses to assess the internal models banks apply to calculate their exposure to counterparty credit risk

HSBC named global custodian for the first QDII Vietnam fund

06 February 2020 Vietnam
Reporter: Maddie Saghir

HSBC Securities Services has been appointed as global custodian for the qualified domestic institutional investor fund launched by Tianhong Asset Management, one of the largest asset management companies in China

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