Aztec Group, the C.I.-based administrator, has appointed James Gow as chief client officer, a newly created role. He will lead the business development, marketing and client experience teams. He will sit on the Aztec group executive committee and will be based in the UK. Gow joins from JLL, the real estate firm, where he held…
Year: 2020
WHEB AM appoints FundRock as ManCo for new ICAV
WHEB Asset Management LLP, a UK manager, has appointed FundRock Management Company S.A. as the ManCo for a new Irish-domiciled ICAV. FundRock will provide oversight of the delegated functions, risk and compliance monitoring, as well as distribution support services for the new structure and its sub-fund. FundRock already acts as the authorised corporate director for…
Paul McDonough joins State Street’s asset owner sales team
Paul McDonough has joined State Street as a managing director in the asset owner sales division. He joins from Northern Trust, where he spent 13 years in the corporate & institutional services group as a new business development officer within the asset servicing division.
Federated Mutual selects Northern Trust for USD7bn custody mandate
Northern Trust has been selected by Federated Mutual Insurance Company to provide global custody and cash management services for over USD7bn of insurance assets.
BP2S and Curv complete PoC for security token transfers
BNP Paribas Securities Services and Curv, a cloud-based digital asset security infrastructure for financial institutions, have completed a proof of concept to transfer security tokens securely between market participants. As part of this engagement, BNP Paribas Securities Services and Curv transferred a security token using Curv’s multi-party computation solution to ensure the security of the…
Apex hires Ross Webber as head of Bermuda
Apex has appointed Ross Webber as managing director, Bermuda, where the firm is headquartered. Webber reports to Georges Archibald, head of Apex Americas, working alongside Graham MacDonald, director of operations for the Bermuda office.
BNY Mellon & NCB Capital strike white label deal in Saudi Arabia
NCB Capital, the asset management and investment banking arm of Saudi Arabia’s National Commercial Bank, has struck an alliance with BNY Mellon to deliver global custody and associated asset servicing activities to institutional and large asset owners based in the country. The alliance will provide clients of NCB Capital, Saudi’s largest custodian and asset manager,…
Citi wins USD600m servicing mandate for Russia’s first ETF issuer
Citi has been awarded the mandate to provide ETF services for the full fund range of FinEx ETF, Russia’s first ETF issuer. Under the agreement, Citi will service FinEx’s 13 ETFs, coveringUSD600m in assets. Citi will provide a range of services across custody, fund administration and basket services, as well as distribution support through Citi…
TMF hires Kwame Lewis to head NA fund services
TMF Group, a UK-based professional services firm, has appointed Kwame Lewis as head of fund services for North America. Previously Lewis was chief financial officer for ACON Investments, a middle-market buyout private equity manager. Lewis will report to Andrew O’Shea, global head of fund services, and to Jan Willem van Drimmelen, market head for North…
BNY Mellon hires Laura Steinbach as head of Americas IM sales
BNY Mellon has hired Laura Steinbach from State Street as head of investment managers sales in the Americas for its asset servicing business, based in New York. She reports to Jane Mancini, global co-head of asset servicing sales. At State Street, she was responsible for business development with global investment managers.