Asset servicing

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  1. Northern Trust, Bank of Taiwan to team up on global custody offering in Taiwan

    trueNorthern Trust and Taipei-based Bank of Taiwan will collaborate in offering institutional investors in Taiwan asset servicing and global custody services.

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  1. Illinois Student Assistance Commission seeks custodian for 529 plan

    truellinois Student Assistance Commission, Springfield, is searching for a custodian on behalf of the $1.1 billion College Illinois Trust Fund, the state’s prepaid tuition program.

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  2. Illinois State Board picks Deutsche Bank for securities lending

    trueIllinois State Board of Investment hired Deutsche Bank to provide securities lending services for both U.S. and international securities.

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  3. QIC taps Northern Trust as global custodian for its Australian fund offerings

    trueQIC, a Brisbane-based money manager with A$70.8 billion ($55.4 billion) in assets under management, hired Northern Trust to provide global custody, fund accounting, taxation and associated services for QIC's Australian fund offerings.

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  4. Illinois Municipal picks transition managers

    trueIllinois Municipal Retirement Fund selected BlackRock, Loop Capital Markets, Northern Trust, Penserra Capital Management, Russell Investments and State Street to be placed on a list of transition managers to be chosen on a case-by-case basis.

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  5. UniSuper taps BNP Paribas as new custodian

    trueUniSuper hired BNP Paribas Securities Services as master custodian for the A$50 billion ($38.8 billion) superannuation fund.

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  6. Transition managers answer call for sophistication

    trueTransition managers are adding new capabilities to transfer assets in complex derivatives, futures and options, along with traditional transfers of securities.

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  7. Maitland acquires U.K. fund administrator Phoenix Fund Services

    trueMaitland, an advisory, fund administration and fiduciary services firm, acquired U.K.-based fund administrator Phoenix Fund Services, marking its entry into the U.K. fund administration market.

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  8. BNY Mellon settles with U.K.'s Financial Conduct Authority on custody rule violations

    trueBank of New York Mellon will pay £126 million ($188 million) in a settlement with the U.K.'s Financial Conduct Authority for violations of the agency's custody rules regarding the custodian's records.

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  9. Cantor Fitzgerald starting transition management unit

    trueCantor Fitzgerald on Monday announced it's creating a transition management business.

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  10. Japan's GPIF hires Nomura, BlackRock and Russell to handle transitions

    trueJapan’s Government Pension Investment Fund hired Nomura Asset Management, BlackRock Japan and Russell Investments Japan as transition managers.

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  11. WSP Parsons Brinckerhoff selects Mercer to provide actuarial services for 7 plans

    trueWSP Parsons Brinckerhoff, London, hired Mercer to provide actuarial services to its seven U.K. retirement plans.

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  12. Nunavut Trust signs Northern Trust as global custodian

    trueNunavut Trust hired Northern Trust as global custodian for the trust's C$1.6 billion ($1.27 billion) in assets.

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  13. Access to liquidity key concern for equity traders, survey finds

    trueEighty-four percent of institutional equity traders are either “concerned” or “very concerned” about sourcing liquidity in the current market, according to a Liquidnet survey.

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