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Showing 71 - 80 of 268 results for "Custodians"

J.P. Morgan dominates custody market

KARREN VERGARA  |  THURSDAY, 18 FEB 2021
... remain resilient," he said. During the national lockdown last year, exception processing emerged as a weak link for custodians. Some transaction types depended on wet-ink signatures and physical documents, Brown said, adding that such transactions require ...

Northern Trust wins First Sentier mandate

KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021
The $219 billion global manager has appointed Northern Trust for middle-office outsourcing services, after it separated from Commonwealth Bank. First Sentier Investors' middle-office functions were handled by CBA subsidiary Colonial First State ...

Class action launched against OnePath

ELIZA BAVIN  |  TUESDAY, 5 JAN 2021
Slater and Gordon have filed a class action against ANZ and its former subsidiaries OnePath Custodians and OnePath Life as part of its #GetYourSuperBack campaign. Filed in the Federal Court in December 2020, this makes the fifth class action launched ...

Retail superannuation funds grilled on member priorities

KARREN VERGARA  |  TUESDAY, 24 NOV 2020
... overarching owner who's taking profit out of the fund." He asked Victoria Weekes, the chair of ANZ's trustee OnePath Custodians, why its members were paying as much as 23% more for a low-cost, Vanguard indexed Aussie shares option that charged ...

Superhero sets eyes on managed accounts

ALLY SELBY  |  WEDNESDAY, 7 OCT 2020
... an "omnibus account" structure and regulatory regime (RG133 and RG148) typically imposed upon big banks and global custodians. "It's a single structure that holds all of the assets pooled, but we're holding it through a HIN on CHESS, so you get ...

Robo advice solution set to launch

ALLY SELBY  |  TUESDAY, 22 SEP 2020
... separately managed account. Assets on the platform will be liquid and held in the client's name. J.P. Morgan and HSBC are custodians of the service. "The Nucleus Wealth platform we have adopted as part of the Arrow family of options means for as little ...

Northern Trust races up custody league tables

KANIKA SOOD  |  FRIDAY, 28 AUG 2020
... support for transactions that require wet ink signatures and physical cheques all triggered changes to process for custodians, registries and other key players in the service chain".

COVID-19 clogs custody mandate pipeline

ELIZABETH MCARTHUR  |  FRIDAY, 24 APR 2020
Switching custodians is one of the tasks being put on the back burner as the COVID-19 pandemic disrupts businesses and markets. The biggest custody businesses are experiencing delays in implementing new mandates, as volatility makes clients hesitant ...

Citi to expand local securities team

HARRISON WORLEY  |  MONDAY, 16 MAR 2020
... years. At the end of the process, Citi anticipates its market share will have grown such that it is one of the leading custodians in the Australian market. Its clients will stand to benefit from the eventual sheer scale of the bank's local asset ...

More engagement with custodians needed: Report

ELIZA BAVIN  |  TUESDAY, 11 FEB 2020
... Australian Custodial Services Association (ACSA) is urging institutional investors to forge closer relationships with custodians to ensure better outcomes are achieved. ACSA released a report describing the evolving role custodians play in Australia's ...