All Securities Services articles – Page 29
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Special Report
Down with pension silos
Peter Drucker was in town recently. Well, at least electronically, as at a ripe 93 years of age, the world-renowned business philosopher doesn’t fly anymore. He was the final speaker in a series on ‘integrative thinking’ at the University of Toronto. Drucker observed that in both higher business education, and ...
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Features
Promised land draws nearer
State Street says it still has “work to do” on integrating the Global Securities Services business it bought a year ago – but insists the integration was going well. “We still have work to do in Europe, where client conversions are currently underway,” said chairman and chief executive David Spina. ...
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Features
Keeping on top of technology
Most pension funds acknowledge the importance of technology to their business, whether they install applications in-house or outsource their requirements. However, technology is not a one-time decision like choosing an office or organisational logo. The questions then arise of how often a fund should review its technology, how it should ...
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Features
Getting the best from custodians
Has your custodian ever lost any of your assets? Probably not. Should you worry about such risks? Surely yes. But how much should pension fund directors get involved in custody issues? In fact, there are normally no major problems that would require the attention of pension fund boards. Custody seems ...
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Features
'Pension funds better investors than asset managers'
European pension funds should manage the core of their business internally, and outsource only the specialist areas of asset management to external managers. This is because pension funds understand their liabilities better than anyone else. Broadly, this was the conclusion of six managers in the pension industry when they debated ...
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Features
HSBC 'on a roll'
After years of drift, few would dispute that Global Investor Services, HSBC’s global custody division, is now on something of a roll. The custodian’s ranking as the number one player in R&M Consultants recent UK trustee and depository survey will certainly have come as a welcome fillip to Mike Martin ...
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Features
Moulding yourself to the system
As pension funds and investment firms come to rely more heavily on technology, they need to know how to get the best out of what can be a considerable investment. Part of the trick is making the right choice of system, but much can also be gained or lost in ...
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Features
State Street unveils 'virtual pooling'
Global custody group State Street is introducing a ‘virtual’ product for multinational pension fund asset pooling. “This enables pension fund assets to be legally, beneficially and directly owned by the funds participating in the pool,” William Slattery, head of State Street’s business in Ireland, said at the IPE Multi-pensions conference ...
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Features
Consolidating platforms
Industry utilities have a reputation for procrastination and entropy, but over the past five years Euroclear, the Brussels-based international depository, has displayed an admirable determination to seize the initiative and, even more unusually, to bite the bullet when it comes to making tough choices. The merger between fellow ICSD Cedel ...
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Features
Making the most of risk
Strategic asset allocation is the key decision for pension funds. How much to allocate to equities and to bonds is and always has been the most important driver of returns for funds. The long term nature of pension investing has dictated that funds typically review their strategic allocation every three ...
