The mandate highlights the focus of SGSS and its teams in a key and growing segment of the asset management industry, according to Roberto Pecora, CEO of SGSS in Italy
J.P. Morgan’s markets and securities services revenue has totalled $10.1 billion for Q1 2021, which marks an increase of 37 per cent compared to its Q1 2020 figure of $7.3 billion
Citi’s Q1 2021 results have revealed markets and securities services revenues of $6.7 billion, which marks an increase of 2 per cent compared to last year’s figure
“The so-called ‘plumbing’ of the financial markets, including custodians and sub-custodians, prime brokers, and CCP members, many of which are unrated by main agencies, all saw credit quality declines," says David Carruthers
"We are eager to work with the BNY Mellon team and have been impressed by its service model, solutions, deep industry experience and the strategic vision they bring to investor solutions," says Charles Schwab Investment Management's Mark Fischer
The new office comes after TrustQuay significantly invested in Luxembourg-specific corporate services, trust and fund administration functionality such as eCDF and FAIA reporting
