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Citi Securities Services takes custody of Ausbil

Another former NAS client has found a new home, with Citi Securities Services bringing fund manager Ausbil on board following a “rigorous tender and due diligence process”.

Lachlan Maddock | 19th Feb 2024 | More
‘Reputation is the first casualty’: ACSA warns on cyber risk for super funds, custodians

Local institutions need to be prepared for rising cyber threats while keeping both eyes on the reputational damage that can stem from a successful breach, according to the Australian Custodial Services Association.

Lachlan Maddock | 15th Dec 2023 | More
  • No ‘white knight’ for NAS clients (but good outcomes in sight)

    A big global custodian is unlikely to swoop in and help former NAB Asset Servicing clients as they search for a new provider, but that doesn’t mean they can’t get a better outcome by taking a good look at their business.

    Lachlan Maddock | 8th Dec 2023 | More
    State Street wants to give its clients an AI ‘co-pilot’

    The custodian is exploring use cases for machine learning and generative artificial intelligence to give its clients help in parsing – and visualising – the vast quantities of granular data now available to them.

    Lachlan Maddock | 1st Dec 2023 | More
  • BNP Paribas takes all at Insignia Financial

    BNP Paribas’ securities services division has had a big win after being brought in to keep the preferred candidate honest on price during the tender process for MLC.

    Lachlan Maddock | 22nd Nov 2023 | More
    How Citi wants to use AI to put ‘the cape on Superman’

    The rise of artificial intelligence is one of the most significant developments since the dawn of the internet, and Citi Securities Services is exploring use cases for it both inside and outside its business in an effort to make the work of asset servicing more efficient.

    Lachlan Maddock | 1st Nov 2023 | More
    For internalisation, Aware puts its faith in Odin (and Alpha)

    The creation of a new investment data platform underpins Aware’s march to managing half of its projected $250 billion FUM internally. State Street is providing the glue that holds it all together.

    Lachlan Maddock | 25th Aug 2023 | More
    Citi looks for a growth edge with NAS agreement

    As NAB Asset Servicing ceases its operations and its book of orphaned clients come to market Citi Securities Services hopes that a new referral agreement – and its experience with RBC – will give it an edge over other providers.

    Lachlan Maddock | 16th Jun 2023 | More
    Northern Trust takes the upper hand in Perpetual custody battle

    Just two years after selecting State Street as its custodian, Perpetual is deciding whether to take its business elsewhere in the wake of its acquisition of global fund manager Pendal.

    Lachlan Maddock | 14th Jun 2023 | More
  • Citi wins Mason Stevens custody mandate

    Citi Securities Services has won the custody mandate for Mason Stevens as it looks to expand its platform offerings and its previous custodian, NAB Asset Servicing, winds down its operations.

    Lachlan Maddock | 1st May 2023 | More
    ANZ fund admin outed as big back-office prize

    The biggest NZ funds management administration gig could be up for grabs with the $33 billion ANZ Investments understood to be exploring outsourcing options.

    David Chaplin | 24th Apr 2023 | More
    State of the ART: How State Street won its big new mandate

    Strategic alignment on growth and data capabilities made State Street a good fit for Australian Retirement Trust’s custody needs. Hard-earned experience with mergers helped too.

    Lachlan Maddock | 10th Feb 2023 | More