State Street

Jessica Donohue has a 20-year pedigree with the asset servicing and fund management firm, with leadership roles in its asset owner, investment services and academia segments. She replaces retiring Rick Lacaille as head of global investment insights, sustainability and impact.

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.

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.

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.

Institutional investors love private equity but it’s bringing them down. They’re sweating everything from valuations to overcrowding and “private equity bubble risk”.

Link Fund Solutions CEO Paul Khoury has been shown the door following a restructure of the business.

Australia’s last domestically-owned custodian is winding down its operations after an on-off effort to sell the business.

BNP Paribas Securities Services has gone with local knowledge and experience for the new head of its Australia and New Zealand business, appointing a 24-year State Street veteran to the role.

Philip Hope has joined specialist investment and wealth management consulting firm KONU, founded by Paul Toepfer and Greig Nicholson, as a partner.

The investment arm of State Street has forecast a bonanza ahead for environmental, social and governance (ESG) investment service providers as the sector explodes into the mainstream.