Julius Baer has created a dedicated front unit for its business with Intermediaries and global custody clients. As of 1 January 2019, it will be led by the Bank’s Executive Board member Philipp Rickenbacher. In his new role as head Intermediaries & Global Custody, Rickenbacher will assume international responsibility for this B2B segment, developing a […]
Financial services provider Dolfin has obtained a custody, depositary and execution licence from the Malta Financial Services Authority, which means it can now offer a full range of investment services from its office in Valetta. The company’s business is chiefly targeting collective investment schemes and trust, or other wealth structures that require a local custodian […]
Five weeks. Chinese and Hong Kong fund managers, custodians and distributors have not been given much time when it comes to setting up operational process flows from and into their respective countries. The China Securities Regulatory Commission (CSRC) and Hong Kong’s Securities and Futures Commission (HKSFC) announced the launch date for the Mutual Recognition of […]
British regulator the Financial Conduct Authority has fined the Bank of New York Mellon London branch and the Bank of New York Mellon International Limited £126m (€175m) for failure to comply with custody rules in relation to safe custody assets and client money. The custody rules require firms to keep entity-specific records and accounts. Entity-specific […]
Auriga Global Investors, the independent manger serving the Spanish and US markets, has selected Societe Generale Securities Services (SGSS) to act as custodian, administrator and registrar for its Ucits and Sif funds. SGSS will offer the services out of its Luxembourg office, including multilingual support. Auriga manages some €400m for its clients.