[ C O N T E N T S ]
REGULARS
03 Welcome message | Jonathan Watkins
The good , the bad and the ugly
06 People moves
07 News round-up
98 Final thoughts | Statistics , surveys and the truth
Do our survey exercises bring us close to an accurate view of the state of things in our industry ? “ Yes , but …,” says Richard Schwartz .
NEWS REVIEW
16 Sanne deal rounds off extraordinary five-year acquisition spree for Apex
Since the backing of Genstar Capital five years ago , Apex Group has completed 31 acquisitions to bring the value of its assets serviced to almost $ 3 trillion .
GC LEGENDS
28 Jay Peller
In the last three decades , hedge funds have morphed from being a purely cottage industry into something far more diverse and institutional in nature – with the asset class currently sitting on $ 4 trillion + of client cash . As the head of fund services at Citco , Jay Peller has witnessed the sector ’ s remarkable transformation .
46 Jon Yalmokas
With a 26-year career spanning equities , financing and derivatives , Jon Yalmokas , global head of prime services at Cantor Fitzgerald , has been at the centre of some truly exceptional changes in the industry .
IN DEPTH
20 A shifting prime brokerage landscape
A tumultuous two years for the prime brokerage space have seen exits , scandals and a renewed approach to risk management which has truly shaken up the industry . But don ’ t think for a second primes are struggling , as opportunity beckons for those willing to invest and appeal to funds with market share up for grabs .
48 Fireside chat with … SS & C ’ s Bill Stone
Global Custodian sits down with the founder and CEO of SS & C , Bill Stone , to discuss the origins of the company and the development of the fund administration industry .
56 Fireside chat with … MUFG Investor Services ’ John Sergides and Joseph Latini
MUFG Investor Services has launched a business consulting group , hiring in expertise from Credit Suisse Prime Services . Global Custodian speaks to John Sergides , CEO , and Joseph Latini , global head of business development , about their ambitions for the new unit .
4 Global Custodian Fund Services Annual 2022