New products

JTC wins Luxembourg depositary licence

JTC, a publicly listed provider of fund, corporate and private wealth services to institutional and private clients, reports that it has been granted a depositary licence by Luxembourg's Ministry of Finance as the firm looks to assert its capabilities to support a growing number of fund managers in...
Commerzbank and Deutsche Börse execute repo using DLT

Commerzbank and Deutsche Börse have just reported that they have for the first time successfully used distributed ledger technology to execute a legally binding settlement of a repo transaction. The prototype transaction based on delivery versus payment was executed as part of a joint proof of...
Union Bancaire Privée obtains wholesale bank licence in Singapore 

Geneva-based Union Bancaire Privée, UBP SA (UBP) announced today that its Singapore branch, Union Bancaire Privée, UBP SA Singapore Branch (UBP Singapore), has received regulatory approval from the Monetary Authority of Singapore (MAS) for a wholesale bank licence. UBP Singapore expects to commence...
Northern Trust establishes EU bank in Luxembourg

Northern Trust reports that it has today established its European Union bank in Luxembourg, marking a significant milestone in the expansion of the company's 50-year presence across Europe, Middle East and Africa (EMEA). The bank says the establishment of Northern Trust Global Services Societas...

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