CSC Global Financial Markets acquired private capital fund administrator PEF Services, as it seeks to grow its fund-services business.
Arthur Hill was named senior vice president, head of product management for asset servicing at Northern Trust Corp.
James Wright was appointed head of the institutional investor group at Northern Trust for Europe, the Middle East and Africa.
TMF Group has acquired U.S. fund administration firm Venture Back Office in an effort to expand into the U.S. market.
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.
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.
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.
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.
Credit Agricole intends to combine its asset servicing businesses, CACEIS, with Santander Securities Services.
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.
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.
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.
SS&C Technologies Holdings plans to acquire trade management software provider Eze Software.
Apex Fund Services agreed to acquire private equity fund administration services provider Ipes alongside Genstar Capital.
Mark Porter is stepping down as CEO of asset servicing firm MUFG Investor Services but will remain with the firm as an adviser.