Global Custodian

BREAKING: BNY surpasses $50 trillion milestone in assets under custody and administration. Coveted target reached for BNY, six years after becoming the world’s largest custodian, in a quarter where the bank also posted a record for fee revenue. Full story here: https://lnkd.in/eWkyNCS6 “As the financial services industry evolves, our clients are increasingly interested in working with partners that can deliver innovative solutions across the entire financial ecosystem,” Emily Portney, global head of asset servicing at BNY, told Global Custodian. “Crossing the $50 trillion mark underpins BNYs value in that ecosystem, both in terms of how much of the worlds assets we touch, but also in the breadth of our capabilities that continue to make money work for the world.” 

Sneak preview of our new securities finance podcast series coming soon!

Standard Chartered mandated as OKX’s third-party custody partner The new partnership builds on Standard Chartered’s recent digital asset announcements, including last week’s collaboration with inter-dealer broker TP ICAP and the launch of its digital asset custody service in the UAE. 

HSBC securities services revenue drops 7% in Q3 Custodian attributes the decline to the sale of its hedge fund administration business to BNP Paribas.  

Fireside Friday with… BNY’s Alan Flanagan Global Custodian sits down with Alan Flanagan, head of global client coverage for asset servicing at BNY, to discuss the major trends currently facing the asset servicing industry.

How private equity investment has supercharged the fund admin space The fund administration sector has been an irresistible lure for private equity investors over the last decade. Here’s why. https://lnkd.in/epMgRSyP

Securities finance round-up: SEC, PASLA, CSD Prague and more This week’s securities finance round-up features the South Korean National Assembly, Pan Asian Securities Lending Association, US Securities and Exchange Commission, Options Clearing Corporation, Central Securities Depository Prague, Securities and Exchange Commission of Thailand, and Wematch.  

For the third year in a row Global Custodian’s Agent Banks in Major Markets survey has seen an increase in overall scores. With a record number of respondents on both the provider and client side, this years ABMM is full of exciting insights. The latest results are now available to subscribers here: https://lnkd.in/ekWzuqn2

Fireside Friday with… BNY’s Alan Flanagan Global Custodian sits down with Alan Flanagan, head of global client coverage for asset servicing at BNY, to discuss the major trends currently facing the asset servicing industry.

Standard Chartered to collaborate with TP ICAP on digital assets Partnership will see Standard Chartered’s asset servicing clients gain access to TP ICAP’s UK-based spot cryptoasset exchange. https://lnkd.in/ewb84BNz