[ N E W S R O U N D- U P ]
NEWS ROUND-UP
˜ BNY has been mandated by Denmark’ s ATP for custody and asset servicing and by South Africa’ s Futuregrowth for a performance platform. Institutional asset manager GW & K also selected BNY for accounting and performance services. Additionally, BNY entered a multi-year AI partnership with OpenAI and will advance its operating system migration in 2025.
˜ Northern Trust secured multiple mandates, including asset servicing for Igneo Infrastructure Partners, Brickwood Asset Management, and Platinum Asset Management. The custodian also expanded partnerships with Alchemy Partners and Tata Consultancy Services( TCS) to upgrade its global securities settlement platform across 99 markets. Additionally, it was appointed custodian for South Yorkshire Pensions Authority’ s £ 11bn fund and selected to provide global custody and valuation reporting for Australian life insurer Generation Life.
˜ BNP Paribas’ securities services business was mandated to provide custody and fund administration services for Medibank’ s AU $ 3.7 billion($ 2.3 billion) in assets. The asset servicer also selected Broadridge to enhance its global custody offering by providing securities class action services.
˜ State Street onboarded £ 2.8bn asset manager River Global to its new UK transfer agency service, supported by fintech ZILO. The bank also announced a large-scale client migration to Proxymity’ s Investor Portal and plans to restructure its
IFDS joint venture with SS & C Technologies in Luxembourg and Ireland after nearly two decades.
˜ Euroclear acquired a 49 % stake in Inversis from Banca March after regulatory approval and secured approval to establish a Singapore branch. The ICSD also launched a DvP repo service for the US Treasury market and entered a seven-year partnership with Microsoft to enhance its technology infrastructure for capital markets.
˜ CACEIS has been appointed to provide custody and administration services for Nh1816, a Dutch cooperative insurer based in Oudkarspel, Netherlands.
˜ MUFG Investor Services has been mandated by The Public Employees’ Retirement System( PERS) of Mississippi for its securities lending services.
˜ HSBC successfully executed one of the first offshore renminbi( RMB) bond repurchase( repo) transactions using onshore China bonds as collateral, marking a milestone in the continued evolution of the offshore yuan market.
˜ Standard Chartered supported China Asset Management( Hong Kong) in the launch of the first tokenised retail money market fund in Asia Pacific, acting as the Open-Ended Fund Company custodian for the fund.
˜ Brown Brothers Harriman( BBH) has partnered with MUFG Investor Services, a division of Mitsubishi UFJ Trust and Banking Corporation( MUTB), to expand its securities lending services for asset managers and financial institutions globally.
˜ CIBC Mellon, Scotiabank and Manulife Financial successfully executed Canada’ s first domestic buy-side triparty repo trade, marking a milestone for the country’ s secured finance industry.
˜ Apex Group has officially opened a new regional headquarters in Riyadh, Saudi Arabia.
˜ The Depository Trust & Clearing Corporation( DTCC) has opened a new office in Hyderabad, India.
˜ Digital Asset and Euroclear launched the first phase of a tokenised collateral mobility initiative for the Canton Global Collateral Network( GCN).
˜ CIBC Mellon adopted ControliQ, a solution developed by ActiveOps, to enhance its fund accounting operations.
˜ Euronext Amsterdam, Brussels and Paris are set to designate Euronext Securities as the central securities depository( CSD) for the settlement of equity trades from September 2026.
˜ Clearstream and Crypto Finance, both part of Deutsche Börse Group, are introducing a new custody solution that enables institutional investors to access digital assets through Clearstream.
Spring 2025 globalcustodian. com 7