SIBOS Day 2: Financial institutions look to outsource the “vanilla”.

Written by outsourcing-1

We talk about the vanilla. And then we talk about the “cherries on top”. Why vanilla? Because the post-trade industry is becoming increasingly commoditised. This is partially an effect of T2S, but also due to harmonisation across Europe. Cost pressures on areas such as straight forward settlement safekeeping and deduction of tax – basic custody […]

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China Construction Bank, Zurich Branch, appoints SIX Securities Services as its infrastructure provider for Swiss Renminbi Clearing Hub

Written by bestlogo

  China Construction Bank (CCB), China’s second largest commercial bank and the only authorized Renminbi Clearing Bank in Switzerland, today announced its plans to work more closely with SIX Securities Services, the Swiss post-trade infrastructure.   This cooperation has so far led to CCB and its Zurich Branch working with SIX Securities Services entities: Swiss […]

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SIBOS Day 1: SIX Securities Services – proud to be leading on an international stage

Written by award win

Coffee is flowing, the stands are busy – Sibos 2016 is here. One of the highlights, providing an annual pulse check on the markets for sub-custody services is Global Custodian’s ‘Agent Banks in Major Markets Survey’. This morning, we were delighted to gather our on-site event team together to congratulate them for the part they […]

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Over half (52%) of financial institutions look to outsource tax services to reduce costs

Written by outsourcing

Firms highlight non-differentiated functions, including tax services, clearing and settlement as ripe for outsourcing   London / Geneva, 26 September 2016: Research conducted by SIX Securities Services has revealed that as financial institutions become increasingly capital constrained, almost a third (32%) are looking to outsourcing as a way to reduce costs. The research, conducted amongst […]

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SIX Securities Services revealed as the leading ICSD in industry agent banks survey

Written by bestlogo

  Today at SIBOS, SIX Securities Services was revealed to be the best rated International Central Securities Depository (ICSD), in Global Custodian’s annual Agent Banks in Major Markets Survey. The survey analyses the performance of sub-custodian agents in 27 markets globally, based on responses from the world’s largest custodian banks, broker dealers and depositories.   […]

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