in this issue...
[ C O N T E N T S ]
IN-DEPTH MARKET REVIEW
26 HOW ESG FRIENDLY IS SECURITIES
LENDING? 54 ASIA’S FUNDS ARMS RACE
As environment, social and governance (ESG)
factors become ingrained in investment decisions,
a landmark move by a Japanese pension fund has
sparked a wide debate over sustainability and
securities lending.
42 WHY I LEFT MY JOB AT A CUSTODY
BANK
Custodian banks are losing talent to FinTechs,
digital asset firms and more flexible start-up
cultures at an alarming rate. Should this be a worry
for the world’s largest organisations and what are
they doing to reverse this trend?
Australia, Hong Kong and Singapore have recently introduced
new corporate fund structures designed to be international
competitive and encourage asset managers to domicile
investment funds in Asia-Pacific. But what are their chances of
taking on UCITS?
60 IS THERE STILL ROOM FOR THE
BOUTIQUE FUND ADMINISTRATOR?
In the fund administration world, the big are getting bigger,
meaning the largest players have more assets, technology
investment and economies of scale, so is there still a role to
play for the boutique provider?
64 FUND MANAGERS BEGIN TO SEE
REVENUE GENERATION OPPORTUNITIES
FROM TREASURY OPERATIONS
As effective cash management becomes increasingly critical
to the operations of fund managers in light of new rules such
as EMIR and bilateral margining of OTCs, more firms are
beginning to build up their in-house treasury operations
REGULARS
3 EDITORIAL | JONATHAN WATKINS
With global presence comes great responsibility
6 NEWS ROUND-UP AND PEOPLE MOVES
12 UPDATES
18 LEADERS IN CUSTODY
Global Custodian announces Leaders in Custody awards
shortlist 2020, as celebration is rescheduled to 3 September
later this year due to the COVID-19 pandemic.
82 FINAL THOUGHTS | VIRGINIE O’SHEA
Operations teams: under-resourced, under-appreciated and
now under increased pressure