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R3 members trial Intel’s distributed ledger prototype
26 September 2016 New York
Reporter: Drew Nicol

Financial innovation company R3 and eight of its largest consortium member banks, including HSBC, Societe Generale and State Street, have successfully tested Intel’s distributed ledger prototype for bond transactions...

Northern Trust gears up for asset servicing expansion
04 August 2016 London
Reporter: Stephanie Palmer

Northern Trust has appointed Ian Hamilton as a sales manager to drive asset servicing in the pensions and sovereign entity sectors in the UK, Europe and Africa...

Mixed Q2 for State Street
04 August 2016 Boston
Reporter: Stephanie Palmer

State Street’s assets under custody and administration remained fairly steady in Q2 2016, compared to Q1, however the business has seen slight declines year-over-year...

State Street settles FX fraud allegations
27 July 2016 Boston
Reporter: Stephanie Palmer

State Street will stump up at least $382.4 million to settle allegations it deceived custody clients through fraudulent foreign exchange (FX) practices...

New senior appointments for Apex
27 July 2016 London
Reporter: Becky Butcher

Apex Fund Services has appointed three new senior staff members from KPMG, State Street and J.P. Morgan...

Illinois pensions agency seeks new custodian
18 July 2016 Chicago
Reporter: Stephanie Palmer

The Illinois State Board of Investment is seeking a new provider for master trust and custody services both on a domestic basis and internationally...

State Street joins margin settlement pilot programme
12 July 2016 Brussels
Reporter: Drew Nicol

Euroclear and DTCC have secured State Street as a participant in a pilot programme to test their joint venture’s margin settlement messaging service...

Yet another new hire for MUFG Investor Services
07 July 2016 New York
Reporter: Stephanie Palmer

State Street’s Marc Russell-Jones has become the latest recruit to MUFG Investor Services, joining as head of business development for Europe, the Middle East and Africa...

State Street’s Hayes joins BNP Paribas
08 June 2016 London
Reporter: Stephanie Palmer

BNP Paribas Securities Services has appointed Patrick Hayes as head of the UK, the Middle East and South Africa...

Citi nabs State Street and J.P. Morgan execs
02 July 2016 London
Reporter: Stephanie Palmer

Citi has appointed Keith Lau to head up its global funds technology team and Patrick O’Brien as head of Irish fund services...

SSGA issues SPDR ETFs on Euroclear’s FundSettle
31 May 2016 Amsterdam
Reporter: Stephanie Palmer

State Street Global Advisors, the asset management arm of the State Street corporation, has issued 40 SPDR exchange-traded funds on the Euroclear FundSettle processing platform...

Clarient Entity Hub expands in Luxembourg
19 May 2016 Luxembourg
Reporter: Stephanie Palmer

Schroders Investment Management in Luxembourg has adopted the Clarient Entity Hub utility-based service for simplifying client data and document management...