Nordea will exit its subcustody business in the Nordic nations and has entered into a strategic referral pact with Citi for the services.

Citi named a new head of sales for custody and fund services for Europe, Middle East and Africa.

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.

Benjie Fraser joined State Street as head of asset owners for Europe, the Middle East and Africa.

Wendy Piergolam was named head of client development for the U.S., a new position at asset servicing firm IQ-EQ.

BNY Mellon and NCB Capital have formed a strategic alliance to provide global custody and asset servicing in Saudi Arabia.

Technology services company EdgeCo Holdings agreed to acquire retirement plan provider Unified Trust Co. for an undisclosed sum.

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.

Tim Smollen was named global head of global securities lending solutions at MUFG Investor Services.

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.

Jane Mancini was named head of sales for asset servicing Americas at Bank of New York Mellon.

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.

Ascensus has agreed to buy TPA firm Pension Strategies to gain a footfold in the Arizona market.

Credit Agricole intends to combine its asset servicing businesses, CACEIS, with Santander Securities Services.

Broadridge Financial Solutions has entered into a purchase agreement to acquire the retirement plan custody and trust assets from TD Ameritrade Trust Co.

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.