Deal announced in June 2018 halts after joint decision not to move forward.
New dual leadership at HSBC Securities Services makes changes with aim to simplify its structure.
PGGM is the first pension fund manager to centrally clear repos at German exchange group Eurex.
Todd Johnson has previously worked as head of international prime brokerage at Deutsche Bank, and head of European prime brokerage at Citi.
Assets under custody fall for State Street as do servicing revenues.
With a new wave of initial margin rules on the horizon, BNY Mellon says clients are already more prepared.
New State Street CEO begins the year by announcing job cuts in earnings release.
Absa to re-enter South African custody services after five years, as Soc Gen sells business and closes securities lending offering in the country.
Cypriot financial services firm selects French bank for fund services and custody.
Rapidly-growing fund administrator selects Citi to provide custody services to its asset management clients.
BNY Mellon's Scharf explained to investors the pipeline for new clients of Pershing is bigger than it has seen over the past five years.
A number of custodians and fund administrators have targeted the front-office as a new growth opportunity and expand from its traditional back-office services model.
BNP Paribas has more than tripled its assets under custody over the past five years under the leadership of Philippe Benoit.
MUFG has looked to increase its presence in the illiquid alternatives fund services space, after it hired two senior private equity fund services executives last year.
The consolidation of the US assets, representing $39 billion, with Citi as its single provider successfully went live in December last year.
BNY Mellon attributed the fall in revenue to “lower client assets and activity and the unfavourable impact of a stronger US dollar.”