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Sal. Oppenheim selects CACEIS


27 May 2014 Luxembourg
Reporter: Stephen Durham

CACEIS has been selected by Sal. Oppenheim to handle its physical asset depository activities in Germany. The migration volume amounts to some €12 billion in physical assets...
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Northern Trust goes all the WAY


23 May 2014 London
Reporter: Tammy Facey

WAY Fund Managers has appointed Northern Trust as depository and custodian for more than 60 funds valued at $1.9 billion...
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Faster settlement for international securities


20 May 2014 Brussels
Reporter: Stephen Durham

A number of operators of European securities markets have announced that they will implement the migration to T+2 from T+3 for cash transactions and to T+1 from T+2 for repo transactions...
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Land Securities chooses Citi


20 May 2014 London
Reporter: Stephen Durham

Citi has been appointed by Land Securities Group, the UK’s largest commercial property company, as depositary bank for its sponsored Level 1 American Depositary Receipt (ADR) programme...
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BNP Paribas extends IBG relationship


16 May 2014 São Paulo
Reporter: Mark Dugdale

Interactive Brokers Group (IBG) in Brazil has mandated BNP Paribas Securities Services for local custody, settlement and FX...
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Clearstream improves again


14 May 2014 Frankfurt
Reporter: Stephen Durham

Clearstream have surpassed their 2013 custody results by posting increases for the year ending April 2014...
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BNP Paribas acquires Spanish depo bank


01 May 2014 Madrid
Reporter: Stephen Durham

BNP Paribas Securities Services has acquired Banco Popular’s depositary banking business. The transaction is expected to close in early summer 2014, subject to regulatory approval...
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Deutsche appoints Moral to new IS division


15 April 2014 London
Reporter: Georgina Lavers

Deutsche has created an investor services business within its trust and securities services/cash management financial institutions, appointing Rafael Moral as global head of the business...
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Clearstream custody rises 5 percent


11 April 2014 Frankfurt
Reporter: Georgina Lavers

Clearstream’s March 2014 figures saw a continued peak of assets under custody at €12.1 trillion, and significant growth across all four Clearstream business streams of custody, settlement, global securities financing, and investment funds service