Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 101 - 110 of 667 results for "Custody"

Conflicts of interest risk in funds management still high: ASIC

ANNABELLE DICKSON  |  FRIDAY, 24 SEP 2021
... they have bargaining power when paying fees to intermediaries such as platforms," it said. Another cost to consider is custody, fund administration and unit registry which can make up to 50% of the total cost of managed funds companies and around 40% ...

State Street acquires custodian for $4.7bn

KARREN VERGARA  |  WEDNESDAY, 8 SEP 2021
State Street Corporation will acquire the custody business of a competitor for $4.74 billion (US$3.5bn). New York-headquartered Brown Brothers Harriman & Co. (BBH) has entered into a definitive agreement with State Street to sell BBH Investor Services ...

State Street bolsters cybersecurity, recruits 400

KARREN VERGARA  |  MONDAY, 6 SEP 2021
... professional development to check out our new roles," he said. State Street is the largest provider of fund administration and custody services in Ireland with US$1.7 trillion in assets under custody.

BNP Paribas wins China custody agreement

ELIZABETH MCARTHUR  |  MONDAY, 9 AUG 2021
... support institutional investors from Australia and elsewhere investing in China's equities and bonds markets, under a new custody agreement. BNP Paribas today announced it has been granted a licence to provide custody services for China's Qualified Foreign ...

Custody assets reach new heights

ANNABELLE DICKSON  |  FRIDAY, 6 AUG 2021
Assets under custody rose 11% to a record $4.4 trillion in the six months to 30 June 2021 on the back of valuations, new research from the Australian Custodial Services Association (ACSA) shows. J.P. Morgan came in first having grown 9.8% to $1,068.3 ...

Australia's first Filecoin fund launches

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 AUG 2021
... up. And it's important for investors to know the partnership with Gemini gives them confidence in one of the best custody solutions in the world," Behncke said. Gemini will provide the fund with institutional-grade crypto storage and security. This ...

ACSA chief executive steps down

ANNABELLE DICKSON  |  WEDNESDAY, 7 JUL 2021
... proud of his contribution to the association and believes ACSA is well-positioned to continue its role as the voice of custody and the administration sector. "ACSA does an amazing job through our voluntary working groups in promoting systemic efficiency ...

ASIC looks to tighten crypto ETP oversight

JAMIE WILLIAMSON  |  WEDNESDAY, 30 JUN 2021
... identifying cryptoassets that are appropriate underlying assets and establishing good practice in respect of pricing, custody, risk management and disclosure. For example, ASIC is proposing the basis of a pricing mechanism should be an index published ...

Citi bolsters equities team

ELIZABETH MCARTHUR  |  THURSDAY, 27 MAY 2021
... Citi's product capabilities across cash, prime and FCX on its platform. Nissan will also assist with expanding Citi's custody business after it acquired Royal Bank of Canada's custody business last year, making it the third largest custodian in Australia. ...

Fund manager hit with serious charges

KARREN VERGARA  |  FRIDAY, 21 MAY 2021
... the books of the fund. Grofski ran Global Merces, which provided responsible entity and trustee for hire services, and custody and administration services between December 2012 and January 2020. The Commonwealth Director of Public Prosecutions, which ...