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Showing 11 - 20 of 204 results for "Asset Servicing"

NZ Super Fund secures stake in Euroclear

CASSANDRA BALDINI  |  MONDAY, 4 SEP 2023
... annual securities transactions, Euroclear offers a range of post-trade services, including transaction settlement, asset servicing, and collateral management. The Euroclear group includes the Euroclear Bank and the International Central Securities Depositories. ...

Leigh Watson caps four decades in industry

ELIZABETH FRY  |  FRIDAY, 14 JUL 2023
... for Australia & New Zealand. Before that, he worked at National Australia Bank as executive general manager of asset servicing and then of financial institutions, but also doing a stint as chief operating officer in Asia. Previously he served as chief ...

Rising costs bite asset owners

KARREN VERGARA  |  MONDAY, 3 JUL 2023
... in flat fees for institutional clients via non-fee costs or performance-based fee structures. On the flip side, asset servicing providers, like custodians, can easily introduce price hikes to asset owners. As a result, about one in three asset managers ...

NAB progresses closure of custody arm

CASSANDRA BALDINI  |  WEDNESDAY, 21 JUN 2023
NAB has confirmed it is on track with the wind down of its asset servicing business, including helping its existing clients in selecting a new custodian. As part of an agreement, NAB Asset Servicing is referring some of its clients to Citi and giving ...

Liontrust, GAM to create $100bn fund manager

KARREN VERGARA  |  FRIDAY, 5 MAY 2023
... to all third-party fund management services clients serviced out of Luxembourg and Switzerland to a specialist asset servicing company active across Europe, with further details to be announced by GAM in due course. GAM chief executive Peter Sanderson ...

Assets under custody stagnant: Data

CASSANDRA BALDINI  |  FRIDAY, 10 FEB 2023
... billion, while NAB saw a small climb of 0.4% to $511.4 billion. In November 2022, NAB confirmed it would close its asset servicing business, citing continued mandate losses. The largest drop came from HSBC, which ranked seventh in Australia for its assets ...

NZ sovereign wealth fund, Northern Trust extend relationship

CHLOE WALKER  |  TUESDAY, 20 DEC 2022
New Zealand Superannuation Fund (NZ Super Fund) has extended its longstanding asset servicing and custody relationship with Northern Trust, following a review process earlier this year. Northern Trust will continue to provide the $58.7 billion super ...

JANA names new principal consultants

ELIZABETH FRY  |  FRIDAY, 18 NOV 2022
... Leaper has over 14 years of experience in financial services, having previously worked for National Australia Bank Asset Servicing as a client relationship manager and for Access Capital Advisers in the asset consulting and performance teams. She noted ...

NAB to wind up custody business

JAMIE WILLIAMSON  |  FRIDAY, 18 NOV 2022
The big four bank has confirmed it will close NAB Asset Servicing, following years of mandate losses. The move comes as part of the bank's ongoing strategic review, having tried to offload the business for several years now. It will be wound up ...

BNY Mellon appoints Australian executive

ANDREW MCKEAN  |  FRIDAY, 30 SEP 2022
... said Hodge will take a seat on its Asia Pacific Leadership Council. BNY Mellon Asia Pacific chair and head of asset servicing and digital Fangfang Chen commented: "With a broad global outlook, complemented by deep operations and technology management ...