Custody, clearing etc

PGGM first pension fund manager to centrally clear repos at Eurex

Eurex has today welcomed Dutch PGGM as the first pension fund manager to its centrally cleared repo markets using the central counterparty's ISA Direct service. With this direct clearing connection, Eurex says it addresses repo market liquidity concerns as well as the regulatory-driven challenges of...
BNP Paribas loses out on DWS deal

A continental European newspaper has reported that BNP Paribas Securities Services has surprisingly lost a large order from the Deutsche Bank subsidiary DWS. Handelsblatt says that BNP Paribas Securities Services was supposed to have taken over responsibility for fund administration and custody and...
BNP Paribas appoints new Head of Asia Pacific

BNP Paribas recently announced that Mostapha Tahiri will succeed Philippe Benoît as Head of BNP Paribas Securities Services Asia Pacific, effective February 1. It says that in his new role, Tahiri will continue to expand BNP Paribas Securities Services' business in the Asia Pacific region, where it...
Absa to take over Societe Generale securities services in South Africa

Absa has agreed to acquire Societe Generale's custody, trustee and clearing services operated in South Africa, enabling Absa to advance its growth strategy. The announcement was made at the same time as the banks reported that they had reached a commercial agreement signed to launch a unique...
State Street plans to cut 1,500 jobs


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