Securities Servicing

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Taiwan pension fund PSPF seeks local bank to provide trustee services for investments

Taiwan’s Public Service Pension Fund (PSPF) is looking to hire a local bank to provide trustee services for its investments

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Nippon Life appoints Master Trust Bank of Japan to manage investments

Japan’s Nippon Life Insurance and its subsidiary Taiju Life Insurance are outsourcing management of their securities investments to Master Trust

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People Moves

Claudine Gallagher appointed as new head of BNP Paribas Securities Services effective 2026

Going Places: Gallagher will report to Patrick Colle, who will become BNP Paribas’ executive chairman of Securities Services
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Pension Funds

Korea’s GEPS seeks trading agencies for foreign investments

Market Access: The winning bidders will be chosen by June 30
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Pension Funds

Korea’s GEPS seeks bids for alternative investment services mandate

Market Access: Applicants must have at least three years of experience providing investment custody services for foreign alternatives
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Sovereign Wealth Funds

Singapore’s GIC buys stake in US asset servicing firm Citco in “strategic partnership”

Investments: The acquisition is part of a “long-term, strategic partnership” between GIC and Citco
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Regulation & Compliance

Hong Kong plans to enhance post-trade securities infrastructure

Government Funds: HKMA seeks to transform its Central MoneyMarkets Unit into an international central depository in Asia
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Digital Assets

Singapore digital asset exchange DigiFT gets custody services licence

Market Access: DigiFT says the custodial licence is a key step to build a “robust” digital asset ecosystem
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Sovereign Wealth Funds

Korea wealth fund KIC seeks bids for global custody mandate

Government Funds: Applicants must have at least US$10 trillion of assets under custody globally
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Pension Funds

Korea construction worker group seeks firm to transact investments

Market Access: International tender applicants must have maintained an office in Korea for more than a year
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Digital Assets

Singapore fintech firm Rakkar gets digital asset custodian licence in Thailand

Investments: The licence will allow Rakkar to offer digital asset custody services to institutions in Thailand
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Sovereign Wealth Funds

Korea wealth fund call bids for private equity service mandate

Government Funds: Applicants must be experienced in providing valuation services to institutional investors that have over US$180 billion of assets
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