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

Search Results

Showing 291 - 300 of 770 results for "Custody"

State Street cops $125m penalty

JAMIE WILLIAMSON  |  WEDNESDAY, 3 JUL 2019
... State Street has paid more than $125 million to settle charges for adding undisclosed markups on expenses related to the custody of client assets. In a settlement, State Street Bank and Trust Company has paid $125 million (USD88 million) after the Securities ...

New boutique awards mandate to RBC I&TS

KARREN VERGARA  |  WEDNESDAY, 3 JUL 2019
... boutique fund manager has appointed RBC Investor & Treasury Services (RBC I&TS) as its new custodian. RBC I&TS will provide custody and fund administration services for Melior Investment Management, which launched its flagship Melior Australian Impact ...

J.P. Morgan wins custody mandate

KANIKA SOOD  |  TUESDAY, 11 JUN 2019
A global investment manager has extended its custody and funds administration relationship with J.P. Morgan with a new mandate. Neuberger Berman used J.P. Morgan as custodian when it launched its $413 million high-yield fixed income listed investment ...

Cashwerkz, Praemium ink deal

HARRISON WORLEY  |  WEDNESDAY, 5 JUN 2019
... efficiency opportunities with Cashwerkz across each of the other managed accounts solutions on the one integrated platform for custody and non-custody," Walker added. Cashwerkz chief executive Hector Ortiz said the partnership was a win for Australian ...

Perpetual wins trustee mandate

KANIKA SOOD  |  WEDNESDAY, 29 MAY 2019
... executive director at IFM Investors' infrastructure team. "Perpetual Corporate Trust is one of the leading providers within custody and wholesale trustee services. We have been impressed with their capability and expertise in this area, especially during ...

Kapstream looks to Chi-X for active ETF

KANIKA SOOD  |  MONDAY, 27 MAY 2019
... traded up to 40% of the local ETF market. It is also looking to add additional TracRs (locally-tradeable transferable custody receipts for US stocks), including for Amazon and Berkshire Hathaway. Kapstream's distribution is done by Challenger's ...

OneVue, Mainstream automate cross-platform transfers

HARRISON WORLEY  |  TUESDAY, 14 MAY 2019
... immediate benefits had been noticed by clients. Netwealth has used the solution since its roll out, and the platform's head of custody Paul Hagger said the ability to transfer holdings across platforms was important for competition in the sector. "The ...

Northern Trust wins two mandates

KARREN VERGARA  |  MONDAY, 13 MAY 2019
... from an Australian-based $14.7 billion investment manager. Maple-Brown Abbott appointed Northern Trust to provide global custody, middle-office trade matching, fund administration, foreign exchange and associated services worth $14 billion. For the second ...

Morningstar adds Chi-X

KANIKA SOOD  |  FRIDAY, 10 MAY 2019
... the exchange. Chi-X Australia's real-time data covers Australian cash equities, exchange-traded funds and transferable custody receipts through which local investors can access US tech stocks like Apple. The eight-year-old exchange has achieved over ...

Pendal profits plunge, advisers remain positive

KANIKA SOOD  |  THURSDAY, 2 MAY 2019
... relationships over the next two or three years. "We are still receiving those services through Westpac. We will be looking for HR, custody, registry, accounting and custody providers," he told Financial Standard. He said Pendal has not started the process ...