Mellon Global Securities Services has been awarded contracts for outsourcing and custody to support TIAA-CREF Asset Management’s new institutional asset management unit. Under the contract, Mellon will provide middle and back-office outsourcing, accounting and custody, while its affiliate, Russell/Mellon, will supply performance measurement and analytics. TIAA-CREF Asset Management will manage assets for endowments, foundations, pensions, and other institutional clients.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.