Neuberger Berman has appointed JP Morgan to provide custodial and fund administration services to its $2 billion of Australian unlisted unit trust assets. The agreement extends a custody relationship with the two parties which stretches back to 2010. The new mandate from the asset manager...
Could a new EU rule on collateral re-use, within the upcoming Securities Financing Transactions Regulation (SFTR), actually expose the underlying buy-side trading book? Some actors voice fear over just that.
The proportion of buy-side institutions that sees technology like blockchain, artificial intelligence and robotics as growth drivers for their industry, went up in the last year from only 18 percent to near 50, shows a State Street survey.
British investment manager Fundsmith is letting Northern Trust provide the fund administration and global custody services for UK-listed Smithson Investment Trust, which raised a record £822 million at its launch last October.