All latest asset servicing news

FSB tells market to act now on USD LIBOR transition

27 April 2023 Switzerland
Reporter: AST

With the end date for USD LIBOR transition now less than three months away, the Financial Stability Board is encouraging the market to finalise the transition of legacy contracts to prevent a “pile up” as the cut-off approaches

Tradeweb expected to acquire Australia’s Yieldbroker

27 April 2023 Australia
Reporter: Jenna Lomax

The mandate is expected to draw on both firms’ trading solutions and industry experience to create more liquid, transparent and efficient fixed income markets

JBWere NZ chooses Duco for reconciliation

27 April 2023 New Zealand
Reporter: Lucy Carter

Using the platform, cash and securities held with sub-custodians, share registries and banks can be built and reconciled without code or a dedicated technology team, Duco says

GCEX and Komainu extend partnership to staking services

27 April 2023 UK
Reporter: Lucy Carter

The expansion of the partnership will allow clients to earn rewards on their digital assets while remaining under secure and segregated custody, GCEX says

Reliance on third-party vendors for alternative data to rise, Exabel report says

27 April 2023 Norway
Reporter: Lucy Carter

71 per cent of investment managers and analysts with a focus on fundamental investing are already using third-party software systems, a recent report from data fintech Exabel says

J.P. Morgan Securities Services becomes ISSA member

27 April 2023 UK
Reporter: Jenna Lomax

As part of the agreement, J.P. Morgan’s Hannah Elson, managing director and global head of custody, will represent the company as a member of the board

Deutsche Börse to table bid for Simcorp

27 April 2023 Germany, Denmark
Reporter: Bob Currie

The German market infrastructure giant has entered into a binding agreement with Simcorp, through which it will make an cash offer for the buy-side technology company as part of development plans for its Investment Management Solutions segment