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Jersey fund industry tops 17 percent growth
25 February 2020 London
Reporter: Maddie Saghir

Fund assets serviced in Jersey has grown to $481.2 billion at the end of June 2019, up 17.1 percent from 2018, according to the 25th annual Monterey Insight Jersey Fund Report

Paxos starts settling US securities for Credit Suisse and Instinet
24 February 2020 New York
Reporter: Maddie Saghir

Paxos Settlement Service is a private, permissioned blockchain solution designed to allow two parties to bilaterally settle securities trades directly with each other

Northern Trust bolsters alternatives fund business
24 February 2020 Luxembourg
Reporter: Maddie Saghir

Northern Trust's new hire will drive business development for its alternatives asset servicing business in Europe

CACEIS survey finds pension schemes ill-equipped for ESG reporting
21 February 2020 London
Reporter: Maddie Saghir

CACEIS found that 43 percent of trustees and pension fund managers in the UK are unprepared to report on their scheme’s environmental, social and governance policy to a high standard

Hazeltree collaborates with AcadiaSoft to help clients with UMR
21 February 2020 New York
Reporter: Maddie Saghir

The new initiative will provide the Hazeltree buy-side community with seamless margin calculations for their entire margin workflow, all in a single cloud solution

UBS names Ralph Hamers as group CEO
20 February 2020 Zürich
Reporter: Maddie Saghir

In November, Hamers will succeed the current group CEO, Sergio Ermotti. The UBS board of directors thanked Ermotti for his “outstanding contribution to the firm over the past nine years”

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

Euroclear sees increase in assets under custody
19 February 2020 Brussels
Reporter: Maddie Saghir

The Belgium-based post-trade services provider revealed that at year-end it held €31.4 trillion of assets under custody

BitGo acquires digital securities platform
19 February 2020 Palo Alto
Reporter: Maddie Saghir

BitGo is set to acquire Harbor, the digital securities platform, as well as its broker-dealer and transfer agent subsidiaries

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