Holding the horses - Asset Servicing Times
WEBHolding the horses. 10 July 2024. As the race for technology and AI innovation continues to shroud the financial services industry, two industry players call for patience. Image: Jitterbit & Alter Domus. How the financial services industry will develop its technology and automation processes has long been the centre of many conference panel ...
Beyond the surface - Asset Servicing Times
WEBThe new rules aim to offer clarity to investors by making firms demonstrate more truthfully that they are complying with regulation,demonstrating they are in accordance with the four C’s — Correct, Clear, Complete, and fair Comparisons. The new rules have been embraced by Martina Macpherson, head of ESG product strategy and management ...
Asset servicing news and commentary - Asset Servicing Times
WEBSep 13, 2024 · News and people moves roundup Regulatory Reporting. Significant change is afoot in the SFT and money markets reporting space in the coming years. Kaizen’s money markets reporting director Jonathan Lee reviews the upcoming reporting obligations as regulatory pressures build once again. Turbulent times.
Looking back on 2022 - Asset Servicing Times
WEBLooking back on 2022. Lucy Carter speaks to industry experts on some of 2022’s most pressing issues, valuable updates, and the essential preparations for the road ahead. It would be more than fair to say that 2022 has been an eventful year. As we emerged from the COVID-19 pandemic, the future looked somewhat brighter at the end of 2021.
iFAST appoints Standard Chartered as custodian
WEB13 June 2024 Singapore. Reporter: Klea Neza. Image: Dilok/stock.adobe.com. iFAST Fund Management has reinforced its partnership with Standard Chartered, appointing the company as trustee, fund administrator and custodian for seven Collective Investment Scheme (CIS) retail funds managed by iFAST. The companies say …
Yassir Benjelloun-Touimi - ARTEX - Asset Servicing Times
WEBAfter its successful inaugural trading session in March, ARTEX’s CEO Yassir Benjelloun-Touimi talks to Jack McRae about seeking to create a new asset class and democratise art. Image: ARTEX. Leonardo da Vinci’s ‘Salvator Mundi’ was sold for just over US$450 million in 2017, making it the most expensive painting in history. The 500-year ...
Bank of America to exit parts of its institutional custody business
WEBMay 23, 2022 · The Bank of America has made the decision to exit certain aspects of its institutional custody business. The Global Custody and Agency Services line of business provides global custody, escrow and issuing and paying agency services. A source at the bank told Asset Servicing Times: “We made a strategic decision to exit certain aspects of …
Emerging battlegrounds for the White House - Asset Servicing Times
WEBThe H.J.Res. 109 bill, a Congressional Review Act aimed at nullifying SAB 121, was first introduced in the House of Representatives, where it passed by a vote of 228-182, with 21 of the approving votes coming from the Democratic party. No Republican member of the House voted the bill down. In the Senate, the bill was successfully passed with a ...
Advent of change - Asset Servicing Times
WEBAdvent was founded in 1983 under the name Advent Software, and was acquired by SS&C. Technologies in 2015. Providing financial technology services and solutions to asset managers, wealth managers and clients in the alternative investment space, its range of products has made it a well-known presence in the industry.
NDF appoints Northern Trust as custodian provider
WEBAug 22, 2024 · The National Development Fund (NDF) has chosen Northern Trust Company of Saudi Arabia as its custodian for assets under management. The agreement aims to enhance the NDF’s capabilities and achieve its strategic objectives.
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