Tadawul, the Saudi stock exchange, will restructure to become a holding company ahead of its initial public offering later this year.
Euroclear has agreed to acquire global digital fund distribution platform MFEX Group from private equity firm Nordic Capital.
Bank of New York Mellon has formed a new digital assets unit to provide custodial services for traditional and digital assets.
BNY Mellon agreed to acquire Danish financial firm Nykredit's depository services business for an undisclosed sum.
Money managers and other market players will develop a money management operating platform to streamline middle- and back-office operations.
BNY Mellon and NCB Capital have formed a strategic alliance to provide global custody and asset servicing in Saudi Arabia.
Transition managers have been among the few firms that have benefited during the coronavirus pandemic.
Dennis Bon was named head of Americas at BNP Paribas Securities Services.
UBS agreed to sell a 51% stake in its fund distribution platform to Clearstream, as UBS seeks to focus on its asset management business.
GPIF's halt of international stock lending puts it at the tip of the spear in promoting stewardship standards for voting shares.
Christine Lange was named head of customer solutions for institutional retirement plan services at Prudential Retirement.
Mat Cook and Rob Dixon were named senior transition managers at Northern Trust Corp.
Tina Wilson was named senior vice president and chief product officer at Empower Retirement.
Samir Pandiri, global CEO of BNY Mellon's asset servicing division, has been named president of Broadridge International.
Credit Agricole intends to combine its asset servicing businesses, CACEIS, with Santander Securities Services.
Francisco Aristeguieta was named CEO of State Street Corp.'s international business.
CACEIS Investor Services agreed to acquire Dutch custodian KAS Bank in an all-cash public offer of €188 million or €12.75 per share.
Atlas Merchant Capital is acquiring a 25% ownership stake in Ascensus.
Asset owners are examining Wall Street service providers, including managers and custodians, to ensure they have sound security practices.
Dane Fannin was named senior vice president and global head of securities lending at Northern Trust.
Despite Fidelity's new custody service, institutional asset owners still on sidelines in cryptocurrency investing
Roman Regelman was named senior executive vice president and head of digital at Bank of New York Mellon.
State Street Corp. acquired foreign-exchange analytics provider BestX.
Srinivas Reddy was named a senior vice president within Principal Financial Group's retirement and income solutions unit.
AI and blockchain developments could open the door to more standardization in the asset-servicing industry.