Crédit Agricole S.A. and Santander have entered into an agreement for the acquisition by Crédit Agricole of Santander’s 30.5pct stake in CACEIS. Following the proposed transaction, Crédit Agricole will control 100% of the share capital of CACEIS. Completion of the transaction is subject to customary closing conditions, including regulatory approvals, and is expected to take…
Category: Bank Providers
Citi launches CSLA in Asia
Citi has struck an innovative deal with Maybank Securities in Singapore, enabling Maybank Securities to facilitate the lending of retail clients’ global equity holdings using Citi’s platform, Citi Securities Lending Access. Maybank Securities will leverage its position in Singapore and its large ASEAN client base to utilise the CSLA platform. Launched in 2021, CSLA combines…
Conway joins SimCorp board
Jeff Conway has joined the board of directors at SimCorp, the Deutsche Börse-owned fintech. Conway spent more than 30 years at State Street, where he was a long-standing member of the firm’s management committee and held positions including head of global delivery and business transformation, as well as CEO for EMEA.
BNPP wins major Aussie mandate
BNP Paribas has been appointed by Insignia Financial, an Australian wealth manager, to provide custody and administration services. Insignia Financial holds AUD319.6bn (USD203bn) under management and administration The service offer will cover Insignia Financial’s MLC and OnePath businesses, with transitions finalised in 2025.
State Street makes senior appointment in ME
State Street has appointed Majed Al Hassoun as country head for Saudi Arabia and Bahrain. Reporting to Oliver Berger, head of emerging growth markets, and Emmanuel Laurina, head of Middle East, Africa and official institutions, for State Street Global Advisors, he is based in Riyadh, and will also act as CEO of State Street Saudi…
NTRS appoints MEA head
Northern Trust has named Kashif Khalid as head of MEA. He joins from SimCorp, where he was managing director of MEA.
NTRS partners with NUS
Northern Trust has signed a three-year memorandum of understanding with the National University of Singapore to drive innovation in green finance and promote the adoption of green finance frameworks and blockchain technology. A centerpiece of the partnership is a tokenisation initiative leveraging Northern Trust’s Matrix Zenith platform, aimed at bringing the green credentials of bonds…
U.S. Bank expands APAC network
U.S. Bank has appointed Citi and HSBC as sub-custodians for its Asia-Pacific network. The initial markets included in this move are Hong Kong, India, South Korea and Taiwan. U.S. Bank is using Citi for India, whilst HSBC will be sub-custodian for Hong Kong, South Korea and Taiwan. Additional Asia-Pacific markets will be added in the…
First Sentier expands with NTRS
Northern Trust has expanded its relationship with First Sentier Investors, an Australia-based asset manager with more than USD157bn AuM. Under the terms of the new mandate, Northern Trust will integrate a range of front-to-back solutions for the manager’s public market fund business in Australia, Ireland, Singapore and the United Kingdom. Services provided include custody, depositary/trustee…
Another new investor for Zodia
Emirates NBD has invested in Zodia Custody, the UK-based digital asset custodian. Earlier this year, NAB Ventures also became an investor for the first time.