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Showing 51 - 60 of 239 results for "Asset Servicing"

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 ...

Assets under custody take a hit: ACSA

JAMIE WILLIAMSON  |  MONDAY, 22 AUG 2022
... Citigroup is third but saw the largest overall drop in assets, declining 17.5% to $678.8 billion. State Street and NAB Asset Servicing round out the top five with $625.4 billion and $509.4 billion, respectively. State Street's numbers increased by ...

Northern Trust adds to local leadership

JAMIE WILLIAMSON  |  THURSDAY, 12 MAY 2022
Northern Trust has a new head of asset servicing operations for Australia, effective this month. Robert Poulter has taken on the role, promoted from the position of practice lead, payment operations. The role was previously held by Leon Stavrou who ...

HSBC nabs State Street veteran

ELIZABETH MCARTHUR  |  FRIDAY, 4 MAR 2022
... company. "We're excited to have Sinclair join our team, where his high-calibre experience in institutional asset servicing, global markets and technology will prove a real asset for the bank," he said. "Sinclair will focus on ensuring that HSBC is ...

Assets under custody hit $4.7tn

ELIZABETH MCARTHUR  |  TUESDAY, 15 FEB 2022
... mandates on the part of some members evident in the relative movements during the half." ACSA statistics showed that asset servicing providers settled over 13 million trades during the six months to 31 December 2021. This equates to approximately 101,000 ...

Pendal expands Northern Trust mandate

KARREN VERGARA  |  MONDAY, 29 NOV 2021
... began in 2009. Nicholas Good, Pendal's chief executive said following extensive due diligence, Northern Trust's asset servicing business was chosen. "Their expansive service offering will allow us to consolidate the number of providers we have across ...