All latest asset servicing news

State Street to provide access to CLS FX settlement platform

27 February 2019 Tokyo
Reporter: Jenna Lomax

State Street has started providing access to CLS’s risk-mitigating foreign exchange settlement platform, CLSSettlement, for a Japanese-domiciled pension fund as a pilot fund

EBA Clearing’s RT1 sees rise in transactions

27 February 2019 Paris
Reporter: Jenna Lomax

The total number of transactions processed in EBA Clearing’s instant payment system, RT1, tripled from five to 15 million between late October 2018 and late February 2019

Apex Group acquires Beacon Fund Services

27 February 2019 London
Reporter: Jenna Lomax

Apex Group has acquired Beacon Fund Services, Beacon Corporate Services and Beacon Management to enhance its hedge fund administration, corporate services and transfer agency solutions

Gemini joins BT Radianz cloud community

27 February 2019 London
Reporter: Jenna Lomax

Gemini Trust, a cryptocurrency exchange and custodian, has joined BT’s Radianz Cloud to access its secure networked financial cloud communities

CalPERS elects new finance committee members

26 February 2019 Sacramento
Reporter: Maddie Saghir

CalPERS elects Theresa Taylor as chair and David Miller as vice chair for the Finance and Administration Committee

FD Fund Administration expands into Minneapolis

26 February 2019 Minneapolis
Reporter: Maddie Saghir

FD Fund Administration has opened an office in Minneapolis

Intertrust reshuffles funds team

25 February 2019 Saint Helier
Reporter: Jenna Lomax

Intertrust has repositioned its fund services team in the Channel Islands to ensure future growth and development

Commerzbank completes securities transaction on blockchain

25 February 2019 Frankfurt
Reporter: Jenna Lomax

Continental, Commerzbank and Siemens have carried out a test transaction as part of a pilot project to process a money market security between the companies using blockchain technology

State Street in talks with SEC to settle overcharging allegations

25 February 2019 Washington DC
Reporter: Jenna Lomax

State Street and The US Securities and Exchange Commission are in discussions for possible settlement on allegations of overcharging asset clients

Credit Suisse wins custody services mandate for Hines

25 February 2019 Luxembourg
Reporter: Jenna Lomax

Credit Suisse Luxembourg has been appointed by Hines, a global real estate investment firm, to service a range of locally domiciled real estate investment funds

EFAMA: total investment fund assets for 2017 reach €11.7 tn

25 February 2019 Brussels
Reporter: Jenna Lomax

Total investment fund assets held by European investors reached €11.7 trillion in 2017, according to the European Fund and Asset Management Association

CACEIS looks to buy out KAS Bank

25 February 2019 Amsterdam
Reporter: Jenna Lomax

CACEIS is due to buyout KAS Bank after a conditional agreement on a recommended all-cash offer by CACEIS was put forward sis...

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