CACEIS, the asset servicing banking group of Crédit Agricole, has been appointed to provide depositary bank and related services by Fondazione ENPAIA, the National Social Security Institute for Agriculture Industry Workers in Italy. ENPAIA has over 38,000 subscribers and more than EUR1.5bn in assets under management.
Year: 2019
Noor Adhami appointed MENAT head for HSBC Securities Services
HSBC Securities Services has appointed Noor Adhami as head of MENAT, in addition to her current role as head of global liquidity and cash management for MENAT. She will continue to report on a functional basis to Diane Reyes, global head of global liquidity and cash management, and on an entity basis to Gareth Thomas,…
FD Stonewater appoints CBRE as fund and property administrator
CBRE has been appointed as the fund and property administrator for FD Stonewater, a Washington, D.C.-based real estate brokerage, investment, development and asset management firm. CBRE’s accounting & reporting team will deliver integrated development, property and venture-level accounting and administration services for FD Stonewater’s U.S. investments.
Fidelity wins authorisation for NY state digital currency custody
The New York State Department of Financial Services (DFS) has granted a charter to Fidelity Digital Asset Services, LLC (FDAS) to operate as a limited liability trust company as part of the state’s virtual currency marketplace. DFS has authorised FDAS to provide a virtual currency custody and execution platform, on which institutional investors and individuals…
Intertrust hires Edwin Chan as head of UK funds bus dev
Intertrust has appointed Edwin Chan as head of UK funds business development. Chan joins from DMS, and has also worked at Northern Trust and SS&C.
NES Financial launches admin service for 1031 DST managers
NES Financial, the Silicon Valley-based specialist administrator, has added a new, purpose-built fund administration service to its current lineup of EB-5, 1031 exchange, private equity and opportunity zone offerings. The 1031 Delaware Statutory Trust (DST) administration solution uses NES Financial’s eSTAC administration technology to provide security, transparency, and compliance to DST managers and their clients.
HSS appoints Ciara O’Sullivan as head of trustee & depositary In Ireland
HSBC Securities Services has appointed Ciara O’Sullivan as head of trustee and fiduciary services in Ireland. She joins from Duff & Phelps, where she spent nine years as a director in the regulatory consulting team, and previously worked at Brown Brothers Harriman in several roles, including European compliance officer and head of depositary.
BP2S takes stake in AssetMetrix
BNP Paribas Securities Services has taken a stake in the German fintech firm, AssetMetrix. The partnership will enable BPSS to expand its services for private capital clients and investors. By deploying AssetMetrix’s services within its private capital business, BPSS will give its clients access to analytics and reporting tools dedicated to the analysis of private…
StanChart appoints Simon Kellaway as head of greater China SS
Standard Chartered has appointed Simon Kellaway as head of greater China securities services. Kellaway joins from RBC Investor & Treasury Services, where he was COO for global client coverage and operations. He will report to Margaret Harwood-Jones, global head of securities services.
HSS wins two new mandates
Two mandates for HSBC Securities Services: HSS has been appointed as custodian and administrator for International Asset Management’s UCITS and AIF ICAV multi manager platforms, domiciled in Ireland. As part of the mandate, HSS will provide custody, trustee, transfer agent, fund administration and other related banking services. Kommunalbanken, a local government funding agency wholly owned…