First Abu Dhabi Bank (FAB) and State Street have entered into an alliance to create a full-service enterprise offering for institutional investors in the region
State Street has been providing custody, fund accounting, performance and analytics, mandate compliance and securities lending services to the NPS’ global equity and alternatives portfolio since 2014
Canoe’s open API will integrate with State Street’s technology ecosystem, creating a more cohesive client experience for the processing of all alternative investment data across clients’ complex portfolios
State Street has published its findings from a survey looking into the actions alternative asset managers plan to take in order to meet the growing needs of institutional investors
The new division will build on State Street’s current digital capabilities and will expand to include crypto, central bank digital currency, blockchain, and tokenisation.
In this leadership role, Higgins will oversee Northern Trust’s asset servicing business activities across the three markets and assume executive management responsibilities for the bank’s Hong Kong office
State Street will provide the full scope of ETF servicing, including custody, fund accounting, basket creation/settlement, order-taking, transfer agency and regulatory reporting to ASI
As part of the arrangement, State Street will provide a range of servicing solutions including ETF basket services, fund accounting, fund administration and custody