All custody news

BNP Paribas Securities Services expands middle-office FX solution

28 October 2021 Australia
Reporter: Rebecca Delaney

BNP Paribas Securities Services has partnered with Northcape Capital to launch an automated FX solution to provide the latter with a new system for asset managers to manage FX transactions with multiple financial services providers

Dutch firm VLK selects BNP Paribas for custody services

18th October 2021 Netherlands
Reporter: Jenna Lomax

As part of the agreement, BNP will also provide Kempen Capital Management with custody depositary bank, fund accounting, regulatory reporting, collateral management and foreign exchange services

U.S. Bank launches cryptocurrency custody services

15 October 2021 US
Reporter: Jenna Lomax

U.S. Bank has launched its cryptocurrency custody services which will be available to its global fund services clients

Citi gains custody mandate from BEA Union Investment

05 October 2021 Hong Kong
Reporter: Maddie Saghir

Citi has been appointed by BEA Union Investment Management as fund custodian and administrator for its first mutual fund restructure comprising five funds into an open-ended fund company structure

SLIMTC picks Citi as its Philippines middle-office service provider

30 September 2021 Philippines
Reporter: Jenna Lomax

Sun Life Investment Management and Trust has appointed Citi as its middle-office service provider in the Philippines

Under-investment in post-trade has caused a lack of industry visibility into custodian expenses, survey finds

27 September 2021 UK
Reporter: Jenna Lomax

The lack of firm-wide visibility into brokerage, custodian, exchange and clearing expenses is the result of under-investment in post-trade processes, a recent report by Meritsoft has concluded, after the group conducted an industry wide survey