Category: Headlines

Perpetual Investment Management Limited, the Australia-based asset manager, has appointed State Street to provide custody and fund administration services. State Street will provide core custody, middle office, administration, valuation, accounting and tax reporting services to the funds managed by Perpetual. In addition, Perpetual will leverage State Street’s enterprise data platform to manage data across the…

Zürcher Kantonalbank (ZKB) and Clearstream have processed their first live blockchain-based end-to-end fund transactions, using FundsDLT, a decentralised platform for fund transaction processing. ZKB is the first client to leverage the joint FundsDLT and Clearstream solution, with an end-investor placing a fund transaction request through a mobile app directly on the private blockchain. The order…