[ C O N T E N T S ]
 REGULARS
 03 Welcome message | Jonathan Watkins
 Consider the agenda set !
 06 News round-up 07 People moves
 74 Final thoughts | E , S and G aren ’ t going anywhere
 The separate investment categories of environmental , social and governance are unlikely to go away regardless of what moniker they will collectively or separately fall under in the future , writes Virginie O ’ Shea .
 NEWS REVIEW
 16 Shift to T + 1 ‘ more significant than any other change before it ’
 Reduced settlement cycles were under the microscope at a TNF Americas panel in New York last month .
 GC LEGENDS
 24 ROMAN REGELMAN
 Consultant turned securities services legend , Roman Regelman has become synonymous with innovation in the custody industry , spearheading multiple initiatives at BNY Mellon and rising through the ranks to the new role of CEO of securities services and digital .
 44 TERESA PARKER
 Northern Trust stalwart Teresa Parker discusses her impressive career at the bank and her expectations for the future of asset servicing .
 54 SAMIR PANDIRI
 Global Custodian catches up with Samir Pandiri to discuss the lessons of a career involving senior executive roles both as a custodian and as a provider to the custody industry .
 66 ALVARO CAMUNAS
 Global Custodian sits down with securities services expert Alvaro Camuñas to discuss some of his career highlights , market trends and the current direction of travel for BNP Paribas
 72 VIRAJ KULKARNI
 Viraj Kulkarni speaks to Global Custodian about his journey from custody intern to running a multi-market consultancy .
 IN DEPTH
 20 Flipping the script in 2022 : Custodian banks can now measure success by revenues rather than assets
 After years of focusing on the rising custody and fund administration assets figures of custodians , revenues are now taking the spotlight as securities services providers are making more money , despite seeing the total assets they service drop significantly .
 54 Slow out the blocks : Industry still acclimatising to life under CSDR
 Delays , amendments , lockdowns , war – CSDR ’ s Settlement Discipline Regime began life at a time when unprecedented events have become the norm . Confusion , miscommunication and errors have plagued the regulation ’ s early days , but are its most challenging days now behind us ?
 4 Global Custodian Fall 2022