Consolidation is inevitable among exchange-traded fund providers that don't attract sufficient volumes to turn a decent profit, argue fund managers.
Tag : street
Regulatory uncertainty still clouds parts of the exchange-traded funds market, says a new report from State Street Global Advisors.
The Chinese fund houseÆs prospectus for its Asian equities product, slated for launch next week, indicates it will manage the fund without MOU partner State Street.
Michael Wu moves over from State Street to help strengthen Northern Trust's presence in China, as global custodians capitalise on rising opportunities from overseas investments.
Pension reform continues to spur investment managers to outsource back and middle office functions.
Overseas Assurance Corporation drops Northern Trust.
Its next ambition is to provide back-office services for regional fund managers.
David Travers is to replace Peter Baker who heads to London.
Mark Lazberger is promoted to CEO of Japan following the departure of Milton Isa.
This represents the first conversion of State Street''s purchase of Deutsche Bank''s custody business.
With the $1.5 billion purchase of Deutsche''s global securities business bedded down, State Street begins the process of systems integration and cost reductions.
Scott Gilman is the firm''s new COO.