2022 marks the second year of the ‘Race to Equality in UK Financial Services’ report, which surveys 800 financial services workers who have more than a decade of experience in the industry
State Street agreed that “it is not in the best interests of clients, shareholders or employees to continue to invest time and resources in the transaction in this challenging financial services M&A environment”
State Street has been appointed by China’s Harvest Fund Management to provide onshore CNY foreign exchange hedging services for the Qualified Domestic Institutional Investor investment funds
Flexibility and adaptability are key for the corporate actions divisions to keep up with event changes, reclassifications and a rapidly changing wider industry environment, said panellists
The mandate will see State Street provide back office services, including custody, accounting and unit pricing, performance and analytics, tax and regulatory reporting and loan servicing
State Street is to open a new office in Chile to help the firm serve and support institutional clients in South America, with a focus on custody, fund administration and securities lending
The conclusion was reached at a panel entitled ‘Servicing digital assets: Who will win the battle?’, a name at odds with the observations, insights and future plans that the speakers presented