Hints and tips:
...Florida’s Republican governor Ron DeSantis on Monday announced legislative initiatives targeting financial companies that use ESG in investing....
...State Street is committed to its asset management business and industry conjecture of a deal with a rival was “speculation” at this stage, chief executive Ron O’Hanley said on Monday....
...“The industry’s pain becomes our gain,” said Ron O’Hanley, chief executive of State Street, providing a neat summary of his strategy for the Boston-based custody bank....
...“It’s no longer enough to just say that we’re a great custodian or a great accountant,” he says, noting that servicing accounts for about four-fifths of State Street’s revenues, which came to $11.2bn last...
...Ron Bell, Yahoo’s general counsel, urged the director to confirm whether an order “as described in these media reports” was issued and, if so, declassify the order in whole or in part....
...An MIO spokesman says it is “standard practice” for custodians and administrators to use nominee accounts like Barfield....
...Ron Gruendl, a spokesman for BNY Mellon, said the suit “is without merit,” but declined to comment further on the case....
...The liquidity provided by the custodian of the world’s reserve currency was the main driver of valuations of both EM currency and equity markets as investors sought yield....
...One institution that plays a critical role in the financial system is Bank of New York Mellon, which is a custodian in the repurchase or repo market....
...The parliament has laid down counter-proposals to a European Commission plan for a continent-wide fund to cover payouts to victims of fraud or malpractice by fund managers, brokers and custodians, which...
...“A few pennies of difference can cost a fund complex tens or hundreds of millions of dollars if they’re trading billions of dollars of securities,” says Ron Fernandes, chief executive of Raven Partners....
...“There are still quite a few custodians in the European market,” says Mr Hooley. “There are six to 10 subscale global custodians attached to banks....
...By channelling an increasing portion of the nation’s retirement pool into buy-out funds, the public custodians are feeding the cycle of takeovers, restructurings and sell-offs that define private equity....
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