State Street has agreed to pay over $88 million to US regulators to settle charges for overcharging clients through ‘secret markups’ tacked on to the cost of SWIFT messaging. According to the Securities and Exchange Commission (SEC), mutual funds and other registered investment companies were...
State Street Bank and Trust has agreed to pay over $88 million to settle charges for overcharging mutual funds and other registered investment company clients for expenses related to the firm’s custody of client assets http://www.assetservicingtimes.com/assetservicesnews/article.php?article_id=9629
The Washington State Investment Board (WSIB) has launched a “competitive search” to find a company to provide a range of back-office services to its private markets and innovation portfolio investments http://www.assetservicingtimes.com/assetservicesnews/article.php?article_id=9626
Net sales of UCITS and alternative investment funds totalled €43 billion, up from €6 billion in March, according to the European Fund and Asset Management Association http://www.assetservicingtimes.com/assetservicesnews/article.php?article_id=9625
Groupama Group has entered into an agreement with CACEIS for custodian bank services on its dedicate… https://www.finextra.com/pressarticle/78995/caceis-wins-groupama-mandate?utm_medium=rssfinextra&utm_source=finextrafeed
Traditional fund administration services have been commoditised very far. So far, in fact, fund managers now evaluate providers on the basis of their value-add offers in front- and middle-office functions, a survey shows.