CEO Rick Waddell says the firm does not intend to seek a licence to conduct onshore custody business in China, but is targeting Asian family offices.
Tag : custody
Domestic securities firms and locally incorporated foreign banks are jostling for sunshine fund business as the mainland's securities regulator awaits applications.
Amid rising cross-border investment from Asian asset managers, BNP Paribas Securities Services argues it can complement managers' existing trading desks through outsourcing.
AmInvest has outsourced middle-office functions to State Street in response to its offshore expansion plans and a trend for Malaysian institutional investors to select their own custodians.
Standard Chartered is rolling out trustee services in four markets, hoping to capture more of the local mutual-fund custody business.
We announce the winners in asset services. This week we will recognise the best in prime broking, indexing services, legal and accounting practices, and trading and execution.
The Korean bank’s custody unit recently upgraded its infrastructure, started working with JP Morgan and gained a couple of sizeable new clients.
Sumitomo Mitsui Trust Bank’s proposed purchase of Daiwa Securities’ hedge-fund admin and trustee business should provide it with access to new client segments.
