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.” 

BNY closes Archer acquisition With the acquisition closed, Archer’s middle- and back-office solutions are now integrated into BNY, streamlining managed account support for both institutional and retail clients. 

Fireside Friday with… Apex Group Ltd’s Peter Hughes Global Custodian sits down with founder and CEO of Apex Group, Peter Hughes, to discuss the strategic direction of the firm and how the organisation views the increasing retailisation of private markets.  

HSBC granted China domestic fund custody license The new license aims to strengthen HSBC China’s portfolio of custody services in mainland China. 

VIDEO: Building for the future: Nasdaq on mission-critical technology, AI implementation and meeting client challenges. Sophie Marnhier-Foy, vice president, financial technology, and Brad Wilmot, vice president, capital markets technology at Nasdaq discuss the organisation’s eventful year following the acquisition of Adenza, the incorporation of AI functionality into its Calypso platform and solving the industry’s most critical challenges through technology on the sidelines of Sibos 2024. https://lnkd.in/eDFW6NKW

THOUGHT LEADERSHIP: Developing the infrastructure of the future for digital assets An eventful 12 months have seen the industry make great strides in its efforts to create a regulated digital asset ecosystem for traditional market participants. Here, Jack Pouderoyen, who leads digital asset innovation for Swift, discusses the progress being made in scaling the tokenised securities market, and how Swift is working with its community to facilitate interoperability and turn these ambitions into reality.

Euroclear provisions €2.9bn as windfall contribution amid Russian legal hurdles  In its Q3 results, the ICSD reported record custody assets of €40 trillion, all while facing legal challenges in Russia after €1.5 billion payment to the Ukraine fund in July. 

BNP Paribas - Securities Services posts 6% uptick in revenue in Q3 Total represents the highest quarterly revenue total for the business, and the fifth consecutive quarter of growth.  

VIDEO: Sibos 2024: Tracking the trends in the post-trade market Global Custodian catches up with Jos Dijsselhof, CEO of SIX, on the ground in Beijing to discuss the current trends facing the securities services industry and run through some of the key findings of the firm’s recent Fintech Futures study. https://lnkd.in/eChdie2D

VIDEO: Expanding Horizons - Navigating custody opportunities in Saudi Arabia and Egypt. Margaret Harwood-Jones, global head, financing and securities services at Standard Chartered discusses expectations for regional growth in the Middle East and how the custodian is positioning itself to capitalise on the evolving financial markets in Saudi Arabia and Egypt. https://lnkd.in/eQWf7Qhq