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State Street selected as fund administrator for Iconic Funds bitcoin-backed ETN
20 April 2021 United Kingdom
Reporter: Becky Bellamy

State Street will perform administrative services to support the issuance of the ETN by calculating the net asset value of the bitcoin portfolio consuming crypto market data from various crypto depositories

Clearstream and Bourse Direct to passport German-issued securities into France
19 April 2021 France
Reporter: Maddie Saghir

Clearstream says Germany is the largest market for structured products in Europe with around 4 million structured products issued annually

J.P. Morgan’s Q1 results reveal revenue increase in securities services
19 April 2021 US
Reporter: Maddie Saghir

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

Infra Impact picks Prescient Fund Services to service its first infrastructure fund
19 April 2021 South Africa
Reporter: Maddie Saghir

Infra Impact Mid-Market Infrastructure Fund 1 aims to provide growth capital for South African focused mid market infrastructure businesses, which own real assets that provide essential services

Hex Trust enhances custody security with PARSIQ partnership
19 April 2021 Estonia
Reporter: Maddie Saghir

“Onboarding a company like Hex Trust and getting custody support for PRQ tokens adds a new level of validity to PARSIQ and underlines just how much security means to us and our holders,” says PARSIQ’s CEO Tom Tirman

Former Investec Bank executive joins Apex in newly created role
19 April 2021 UK
Reporter: Maddie Saghir

Apex has bolstered its digital banking team with the hires of Alistair Stuart, Ankit Shah, and Neale Croutear-Foy

State Street gains $343 billion new servicing wins, Q1 results reveal
16 April 2021 US
Reporter: Maddie Saghir

Servicing wins were strong across all regions State Street says, with particular areas of strength in the asset manager client segment

Securities services revenues on the up for Citi
16 April 2021 US
Reporter: Maddie Saghir

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

BNY Mellon Q1 earnings reveals YoY decline in asset servicing revenues
16 April 2021 US
Reporter: Becky Bellamy

The results show BNY Mellon’s asset servicing revenues totalled $1.42 billion compared to $1.53 billion in Q1 last year

Invesco migrates to State Street’s Alpha platform
16 April 2021 US
Reporter: Maddie Saghir

The migration to Alpha is intended to simplify Invesco’s investment infrastructure to improve scale, reduce risk and improve operating efficiency

SS&C GlobeOp selected for Maverix Private Equity’s inaugural fund launch
16 April 2021 UK
Reporter: Maddie Saghir

Maverix will use SS&C GlobeOp’s full suite of private capital fund services to support the Maverix Growth Equity Fund

Symphony’s CEO David Gurle steps down
16 April 2021 Hong Kong
Reporter: Maddie Saghir

Gurle will continue to remain on the board of directors to support the company on strategic matters, while Brad Levy will take on the role as CEO from 1 June 2021