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| | | 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 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 ... |
| | | | ... 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 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 ... |
| | | | ... 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 ... |
| | | | 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... as a consultant and was instrumental in helping us with the selection and transition to State Street Australia, our custodian," he added. |
| | | | ... experience in the provision of fund accounting and tax reporting services to investment management clients gained at National Custodian Services in Melbourne. Mann's appointment indicates that the Future Fund board has decided against combining the managing ... |
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