All latest asset servicing news

State Street Bank to pay settlement charges related to custody

28 June 2019 Washington DC
Reporter: Jenna Lomax

State Street Bank and Trust has agreed to pay over $88 million to settle charges for overcharging mutual funds and other registered investment company clients for expenses related to the firm's custody of client assets

SANNE expands product offering in China

28 June 2019 St Helier
Reporter: Rebecca Delaney

SANNE has obtained a new licence in China to expand its offering of bookkeeping, accounting and tax services

SEI expands offering to cover ETFs

28 June 2019 Pennsylvania
Reporter: Rebecca Delaney

SEI has extended its Advisors’ Inner Circle Fund Trust platform to cover exchange-traded funds

WSIB launches back-office contract opportunities

28 June 2019 Washington
Reporter: Rebecca Delaney

The Washington State Investment Board (WSIB) has launched a “competitive search” to find a company to provide a range of back-office services to its private markets and innovation portfolio investments

EFAMA: Net sales of UCITS increase for March 2019

28 June 2019 Brussels
Reporter: Jenna Lomax

Net sales of UCITS and alternative investment funds totalled €43 billion, up from €6 billion in March, according to the European Fund and Asset Management Association

CACEIS extends custody services with Groupama

28 June 2019 Paris
Reporter: Rebecca Delaney

CACEIS has partnered with Groupama Group to provide custodian banks services for its dedicated investment funds

Citi appoints new ASEAN head

28 June 2019 Singapore
Reporter: Jenna Lomax

Citi has appointed Hsiu-Yi Lin as Association of Southeast Asian Nations head of Citi Commercial Bank in Asia

FundForum: Time to treat data as an asset, not a liability

27 June 2019 Copenhagen
Reporter: Jenna Lomax

It’s time to treat data as an asset, not a liability, according to a panellist at this year’s FundForum in Copenhagen.

Societe Generale and MFEX set to collaborate in Luxembourg

27 June 2019 Luxembourg
Reporter: Rebecca Delaney

Société Générale has partnered with MFEX to enhance its global fund trading services in Luxembourg

J.P. Morgan’s Ireland fund administration business fined €1.6m

27 June 2019 Dublin
Reporter: Rebecca Delaney

J.P. Morgan Administration Services (Ireland) has been formally reprimanded and fined by the Central Bank of Ireland (CBI)

FundForum: Cost pressures are being absorbed by back office

26 June 2019 Copenhagen
Reporter: Jenna Lomax

The industry is facing “so much cost pressure and the back office is absorbing it”, according to a panellist at this year’s FundForum in Copenhagen

BNP Paribas further strengthens institutional investors sales team

26 June 2019 London
Reporter: Rebecca Delaney

BNP Paribas Securities Services has appointed Tom Gardner as head of asset managers, asset owners and alternative investors sales for the UK, the Middle East and South Africa

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