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AAM Magazine
February 2024
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July 2023 Vol.28 No.7


New horizon for custody

State Street’s decision at the end of last year to terminate its acquisition of Brown Brothers Harriman’s investor services unit may have been a casualty of an unforgiving M&A climate, or due to problems with a highly priced deal, but it does highlight the stresses placed on the custody business by the need to innovate and develop services. One more stress to be added to the list is the need to accommodate the booming demand for crypto custody services.

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