O HANLEY RONALD P sold (to issuer) $405K of STT

HSBC has secured a £21bn mandate from State Street for custody, depositary, and fund administration services for two Ireland-based funds. This expands a long-standing relationship with the asset management arm of the mutual, dating back 20 years.

UK companies have spent over £1.3 billion in 2026 buying their own offices, driven by falling prices and rising rents. Barclays' £750 million deal for its HQ was the largest. High fit-out costs and supply shortages also motivate purchases. Other buyers include State Street, State Bank of India, Bank of New York Mellon, and Lloyds Banking Group.

State Street Investment Management launched the SPDR UC Investments 90/10 Endowment Strategy Index ETF (UCBG) with a $2.5 billion anchor investment from UC Investments. The ETF tracks an index combining 90% S&P 500 and 10% short-duration investment-grade corporate bonds. UC's $236 billion portfolio inspired the strategy, aiming for long-term, low-cost, diversified public market exposure.

Q2 earnings for custody banks showed revenues 3.2% above estimates. BNY (NYSE:BNY) reported $5.7B revenue, up 13.3% YoY, beating expectations. Hamilton Lane (NASDAQ:HLNE) saw 56.5% revenue growth, outperforming estimates. StepStone Group (NASDAQ:STEP) missed expectations with a 3.9% shortfall. Federated Hermes (NYSE:FHI) and State Street (NYSE:STT) also reported strong results.

ST Telemedia Global Data Centres (STT GDC) said it secured up to $1.75b (US$1.37b) in green financing to develop its STT Johor data centre campus in Johor, Malaysia, at Nusa Cemerlang Industrial Park. The campus is planned for up to 166 MW of IT load for cloud, AI and HPC. UOB Malaysia coordinated and led; OCBC, Standard Chartered and CIMB joined as lead arrangers.

State Street signed an initial agreement to acquire the Santander CACEIS Latam Securities Services joint venture in Brazil, Mexico, and Colombia. The JV, owned by Santander Group and CACEIS, has about US$470B in assets under custody and US$225B in assets under administration. Closing is expected in 2027, subject to regulatory approvals.