The pandemic has spurred an uptick in the adoption of technology, but for some private equity managers and investors implementing the change has not been easy.
Like some of its big rivals, the bank has repositioned its securities services arm, appointing a new head in Asia and putting more emphasis on collateral and clearing, and on cross-selling opportunities.
Hedge funds in Asia are said to be sizing up the need for using shadow administrators as a secondary check, amid heightened regulatory and compliance demands.
Mark Porter, global head of fund services at UBS, says regulation and tax compliance is eroding profits and forcing administrators to rethink their business aims.
Northern Trust's Paul Finlayson and Peter Sanchez analyse the source of stress faced by investors in the administration of alternative assets, and how to evaluate outsourcing decisions.
Northern Trust's Paul Finlayson and Peter Sanchez will set out to explain what asset owners need to pay attention to when administering alternative investment portfolios.
The Australian fund administration firm aims to expand to North Asia and boost its existing operations in Singapore.
Following its purchase of Daiwa Securities' hedge fund administration unit, Sumitomo Mitsui Trust Bank is building its fund servicing business into a global platform.
The latest executive shuffle at the custodian bank sees it parting ways with Chong Jin Leow, who headed the bank's asset servicing business in Asia.
The recent departures of Andrew Gordon from BNY Mellon and Stewart Bent from Credit Suisse underline an industry trend of cost-cutting and consolidation.
The US bank has brought in a dedicated resource to provide operational support to what it puts at three-dozen hedge funds – and counting – that are running credit strategies in Asia.
They eagerly await regulatory approval for the first fund admin outsourcing deal, while some see the opening of local custodian business to foreign banks as imminent.