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Maitland shakes up institutional client team
03 November 2016 Luxembourg
Reporter: Stephanie Palmer

Fund administrator Maitland has restructured its institutional client management team in a bit to better reflect the main services on offer, and to further align with client needs...

State Street sees 7 percent rise in custody fees
26 October 2016 Boston
Reporter: Drew Nicol

Revenue from State Street’s assets under custody increased by 7 percent in Q3 2016...

State Street wins back Keane for AIS in APAC
26 October 2016 Hong Kong
Reporter: Drew Nicol

State Street has enticed Aisling Keane to return to the bank as head of alternative investment solutions for the Asia Pacific...

State Street and PIMCO renew back-office deal
25 October 2016 Boston
Reporter: Drew Nicol

State Street has renewed its 16-year partnership with PIMCO to provide outsourced investment management services including collateral management and derivatives processing...

Exclusive: New CEO named for CIBC Mellon
06 October 2016 Toronto
Reporter: Stephanie Palmer

CIBC Mellon has appointed Steven Wolff as new president and CEO, effective 14 November...

R3 members trial Intel’s distributed ledger prototype
26 September 2016 New York
Reporter: Drew Nicol

Financial innovation company R3 and eight of its largest consortium member banks, including HSBC, Societe Generale and State Street, have successfully tested Intel’s distributed ledger prototype for bond transactions...

Northern Trust gears up for asset servicing expansion
04 August 2016 London
Reporter: Stephanie Palmer

Northern Trust has appointed Ian Hamilton as a sales manager to drive asset servicing in the pensions and sovereign entity sectors in the UK, Europe and Africa...

Mixed Q2 for State Street
04 August 2016 Boston
Reporter: Stephanie Palmer

State Street’s assets under custody and administration remained fairly steady in Q2 2016, compared to Q1, however the business has seen slight declines year-over-year...

State Street settles FX fraud allegations
27 July 2016 Boston
Reporter: Stephanie Palmer

State Street will stump up at least $382.4 million to settle allegations it deceived custody clients through fraudulent foreign exchange (FX) practices...

New senior appointments for Apex
27 July 2016 London
Reporter: Becky Butcher

Apex Fund Services has appointed three new senior staff members from KPMG, State Street and J.P. Morgan...

Illinois pensions agency seeks new custodian
18 July 2016 Chicago
Reporter: Stephanie Palmer

The Illinois State Board of Investment is seeking a new provider for master trust and custody services both on a domestic basis and internationally...

State Street joins margin settlement pilot programme
12 July 2016 Brussels
Reporter: Drew Nicol

Euroclear and DTCC have secured State Street as a participant in a pilot programme to test their joint venture’s margin settlement messaging service...