Mandates, people etc.

Northern Trust appoints Conlon Chen

Northern Trust has this week appointed Conlon Chen as Hong Kong-based Head of operations for its Global Fund Services business in Asia, responsible for middle-office outsourcing solutions and fund administration business across the region. Chen, who has more than 25 years of experience in financial...
Credit Agricole and Santander join custody forces

French bank Credit Agricole and Spain's Santander say they have signed a Memorandum of Understanding to join forces and combine their custody and asset servicing operations. Crédit Agricole and Santander will hold 69.5 percent and 30.5 percent respectively of the combined entity that will keep the...
BNY Mellon reports first quarter earnings

BNY Mellon has now reported its first quarter earnings. It highlights the following items of interest. Total revenue of US$3.9 billion, decreased 7 percent. Fee revenue decreased 9 percent Net interest revenue decreased 8 percent. Total non-interest expense of $2.7 billion, decreased 1 percent....
Citi expands ETF servicing to EMEA

Citi reports that it has expanded its ETF (exchange-traded fund) custody and fund services capabilities to include EMEA-domiciled ETFs, following the build-out of its ETF Services platform in the US, Latin America and Asia. Citi says its core offering of ETF custody and fund services is supported by...
PTL appoints Dawn Harris as first Chief Operating Officer

Citigroup reports revenues down

Northern Trust claims blockchain breakthrough

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