Ron Logue, who was appointed to the top job at State Street in June after the retirement of David Spina, has already made a number of important changes in an attempt to build the business. Richard Greensted reports on the global custodian's plans to generate more than 50% of its revenues from outside the US and the forays it is making into the hedge fund space.
Northern Trust's strength in the pension fund market
is undisputed, but the bank also wants to compete with the market leaders for outsourcing mandates. By Richard Greensted.
Deutsche Asset Management's new pooled fund allows institutional investors to benefit from the withholding tax breaks previously limited to segregated equity. This could pave the way for greater efficiency in cross-border pension pools. Richard Greensted reports.
HSBC?s UK custody business is the last survivor of a whole host of UK custody players who went the way of the dodo in the 1990s. Now HSBC has developed an ambitious gameplan to put it in the top three global custodians by the end of 2007. Tim Colyer reports.
Big name fund administrators have piled into the hedge funds market in the last three years, leading to speculation that the days of the specialist service provider are numbered. Simon Evans reports.