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Luxembourg funds hit €4 trillion in AUM
31 October 2017 Luxembourg
Reporter: Theo Andrew

The figures represent a 7.9 percent increase since the start of the year, a result that has been attributed mainly to an increase it net asset sales

Allfunds develops MiFID II tool suite
31 October 2017 London
Reporter: Theo Andrew

The fund platform’s offerings now include an share class analysis tool, compliant access to over 54,000 funds and exchange-traded funds, and additional tools enabling clients to add value

State Street appoints new head of global services
30 October 2017 Chicago
Reporter: Jenna Lomax

State Street has appointed Michelle Grundmann as head of global services for Continental and Southern Europe, effective from February 2018

SEC cements Peter Driscoll as director of OCIE
30 October 2017 Washington DC
Reporter: Theo Andrew

The US Securities and Exchange Commission has promoted Peter Driscoll to director of the office of compliance inspections and examinations

Clearstream partners with Citi to increase Chinese bond trades
30 October 2017 London
Reporter: Jenna Lomax

Starting from 20 November, Bond Connect will extend China’s Interbank Bond Market (CIBM) to Clearstream clients throughout the rest of the world via Hong Kong

LCH names new COO
27 October 2017 New York
Reporter: Jenna Lomax

John Horkan, who will based in New York, will take up the COO role alongside his current responsibilities as head of North America at LCH

SEC grants relief to US brokers on MiFID II
27 October 2017 New York
Reporter: Theo Andrew

The division of investment management issued three no-action letters, providing 30 months relief, allowing US broker-dealers to receive payments in hard dollars

Northern Trust sees custody earnings increase
27 October 2017 Chacago
Reporter: Jenna Lomax

The bank's custody and administration earnings have increased by 13 percent, from $299.4 million in Q3 2016 to $338.1 million in Q3 this year

Kengeter steps down as Deutsche Boerse CEO
26 October 2017 Frankfurt
Reporter: Jenna Lomax

Kengeter, who has been CEO since 2015, has agreed to step down, amid the ongoing investigation into insider trading activity

RBC I&TS picked as custodian for Ireland fund
26 October 2017 Dublin
Reporter: Jenna Lomax

RBC I&TS will provide custody, fund administration, treasury, collateral management and related UCITS fund services from its operations in Dublin

Euroclear welcomes ICE as new shareholder
26 October 2017 Brussels
Reporter: Jenna Lomax

Euroclear approved the acquisition of shares equivalent to 4.7 percent of its total shareholdings

DTCC enhances its European GTR for SFTR
25 October 2017 New York
Reporter: Jenna Lomax

The new bolstered SFTR offering will be a significant addition to the existing reporting capabilities, affecting 45 regulators around the world who have access to GTR data