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NA asset managers will unbundle ahead of MiFID II


06 January 2017 New York
Reporter: Mark Dugdale

A staggering 82 percent of North American asset managers plan to fully unbundle all of their brokers globally, despite many not expecting the EU’s MiFID II to directly affect them...
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QIC extends mandate with Northern Trust


14 December 2016 Melbourne
Reporter: Stephanie Palmer

Northern Trust has been reappointed to provide global custody, fund accounting, taxation and investment operations outsourcing services for Australian fund manager QIC Limited...
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AFME issues new sub-custodian questionnaire


08 December 2016 Brussels
Reporter: Mark Dugdale

The Association for Financial Markets in Europe has published a new due diligence questionnaire in a bid standardise and simplify them for sub-custodians...
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GCF: Depository banks need more grilling


30 November 2016 London
Reporter: Drew Nicol

Neither investors or counterparties are doing enough to challenge depository banks on their ability to weather so-called 'black swan' events, according to delegates at Global Custody Forum in London...
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BNY Mellon acts as trustee on Aberdeen bond


23 November 2016 Aberdeen
Reporter: Mark Dugdale

BNY Mellon has been appointed as trustee and paying agent on Aberdeen City Council's £370 million bond for infrastructure projects...
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SGSS wins European custody mandate


22 November 2016 Paris
Reporter: Stephanie Palmer

Societe Generale Securities Services has been selected by publicly-owned French bank SFIL, and its financing institution CAFFIL, to provide global custody for assets in Europe...
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RBC I&TS mandated for innovative biotech fund


17 November 2016 Paris
Reporter: Stephanie Palmer

iBionext has chosen RBC Investor & Treasury Services to provide custody services for its new innovation fund, the iBionext Growth Fund for institutional biotech investors...
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State Street and PIMCO renew back-office deal


25 October 2016 Boston
Reporter: Drew Nicol

State Street has renewed its 16-year partnership with PIMCO to provide outsourced investment management services including collateral management and derivatives processing...
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New York pension funds taken to task by DFS


18 October 2016 New York
Reporter: Drew Nicol

The New York State Common Retirement Fund, the investment arm of several New York state pension funds, has been accused of running “misguided investment scheme” and failing to “adjust and anticipate potential future losses” in a scathing repo
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BNY Mellon wins Swedish custody mandate


18 October 2016 Stockholm
Reporter: Stephanie Palmer

Swedish financial services group Nordea has appointed BNY Mellon to provide custody services for its US debt and equity portfolios, valued at over $7 billion...