All custody news

Ashmore makes HSBC custodian in Saudi Arabia

06 October 2015 Riyadh
Reporter: Mark Dugdale

Ashmore Group has mandated HSBC Saudi Arabia as its local custodian, as it bids to become one of the first asset managers to be approved to invest in Saudi Arabia’s stock market, the Tadawul...

Standard Bank: Pension fund admin shifting to banks

28 September 2015 Johannesburg
Reporter: Stephanie Palmer

An increasing demand for lower costs and more effective administration is leading pension funds to look towards banks for administration functions, according to Charl Bruyns...

State Street gets currency swaps mandate

25 September 2015 Toronto
Reporter: Drew Nicol

State Street has been named as the collateral manager and custodian for the Department of Finance Canada’s currency swap programme...

Clearstream grows its assets pool

10 September 2015 Luxembourg
Reporter: Drew Nicol

Post-trade services provider Clearstream enjoyed an 8 percent increase to its overall assets under custody held on behalf of customers, which rose to 13.2 trillion from 12.2 trillion in August 2014...

Saudi Arabia mandate for Northern Trust

07 September 2015 Riyadh
Reporter: Stephanie Palmer

Northern Trust has been selected to provide global custody, fund valuation and accounting services to Muscat Capital, the Saudi Arabia-based investment banking arm of Bank Muscat...

J.P. Morgan mandated for Aussie super fund

27 August 2015 Perth
Reporter: Stephanie Palmer

WA Super has appointed J.P. Morgan Investor Services as custodian for its $2.5 billion investment portfolio...

Ethical Australian mandate for Northern Trust

10 August 2015 Melbourne
Reporter: Stephanie Palmer

Northern Trust has been selected to provide global custody services for UCA Funds Management, an Australian fund manager dedicated to ethical investment...

Irish Stock Connect custody win for HSBC

06 August 2015 Dublin
Reporter: Stephanie Palmer

HSBC has been appointed custodian for an Irish UCITS fund that has been approved to invest in China A-Shares through the Shanghai-Hong Kong Stock Connect programme...

First RQFII approved in the Americas

06 August 2015 Toronto
Reporter: Stephanie Palmer

HSBC has become the first custodian bank in China to service a Canadian Renminbi Qualified Foreign Institutional Investor (RQFII)...

John Hancock chooses Citi for custody

05 August 2015 New York
Reporter: Stephanie Palmer

John Hancock Group of Funds has chosen Citi to provide fund accounting services and global custody for 27 international US-registered mutual funds, representing assets of $29.1 billion...

Nordic custody win for BNY Mellon

04 August 2015 Copenhagen
Reporter: Stephanie Palmer

BNY Mellon has been selected to provide custody and securities lending services for Danish insurance company Topdanmark A/S...

Indonesian mandate for Deutsche Bank

30 July 2015 Jakarta
Reporter: Stephanie Palmer

Deutsche Bank has been appointed as custodian bank for life, health and accident insurance provider PT Asuransi CIGNA, in Indonesia...

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