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Showing 431 - 440 of 691 results for "Custodian"

State Street hangs on to REST custody contract

JAMES FERNYHOUGH  |  TUESDAY, 17 JUN 2014
REST Industry Super has kept State Street on as its custodian following a "comprehensive review of service providers." The decision is a major win for State Street as, with $31 billion in funds under management and 1.9 million members, REST is one of ...

BNP Paribas signs up to TARGET 2

JAMES FERNYHOUGH  |  MONDAY, 12 MAY 2014
... will link directly to T2S but still need local support for processing corporate actions, income and tax. As the largest custodian in Europe, BNP Paribas uses its integration in this market as a selling point to institutional investors in Australia.

BNP Paribas appoints custody product head

STAFF WRITER  |  WEDNESDAY, 7 MAY 2014
BNP Paribas Securities Services, a global custodian with over $8 trillion in assets under custody, has appointed Justin Burman as head of product - asset and fund services (AFS) in Australia. Burman is responsible for market research and analysis, service ...

Citi wins custody of Norway's Oil Fund

JAMES FERNYHOUGH  |  TUESDAY, 6 MAY 2014
Citi has replaced JP Morgan as custodian to Norges Bank Investment Management (NBIM), the body that manages Norway's $850 billion Government Pension Fund Global. Colloquially known as 'the Oil Fund', according to Towers Watson it is the second largest ...

Custodians fight hard for big super deals

JAMES FERNYHOUGH  |  MONDAY, 5 MAY 2014
... exchange for strategic long-term deals. One method of doing this is by offering so-called 'fee holidays', whereby a custodian will let a super fund off all or a portion of custody fees for a period of time. Financial Standard understands that State Street ...

BNP Paribas wins $1bn Certitude contract off NAB

JAMES FERNYHOUGH  |  MONDAY, 28 APR 2014
BNP Paribas has won a bid to provide custody and administration to Certitude Global Investment, replacing previous custodian NAB. The deal involves 14 international unit trusts, including Threadneedle Investments (UK), Lighthouse Investment Partners ...

Super fund custody 'fee holidays' revealed

JAMES FERNYHOUGH  |  TUESDAY, 22 APR 2014
... there are a number of deals being done in the market recently that one could argue are less than commercial for the custodian that's breaking those deals," he said. "Typically a custody and fund admin deal has a minimum five-year timeline, mainly for ...

Technology now about connectivity not just firepower

ALEX DUNNIN  |  TUESDAY, 15 APR 2014
Rapidly changing technology isn't a threat to financial services operators, it's just the continuation of long term trends that have always confronted the sector, said global financial services technology specialist Advent. Illustrating how far technology ...

NAB and Deutsche Bank extend custody relationship

ALICE URIBE  |  THURSDAY, 13 MAR 2014
... Australia Bank Asset Servicing has won the Deutsche Bank custody contract after a tender process, taking over from previous custodian J.P. Morgan. Naomi Flutter, head of global transaction banking for Deutsche Bank Australia and New Zealand, said: "We ...

Citi closes gap in custody race

JAMES FERNYHOUGH  |  THURSDAY, 13 MAR 2014
... is increasingly common. Today, for example, NAB announced that it would take over from J.P. Morgan as Deutsche Bank's custodian. Martin Carpenter, managing director of Citi's custody business, said his company's growth was down to a mixture of new clients ...