J.P. Morgan has chosen H4 to help improve the client contract onboarding experience, reuse data contained in documents, and build a digital library. H4 and J.P. Morgan have piloted the new documentation platform in the global custody business, with a view to rolling it out across the securities services business. In May 2020, J.P. Morgan…
Year: 2020
Ultimus appointed as transfer agent by Domini Impact Investments
Ultimus Fund Solutions, a U.S. based independent administrator, has been selected as transfer agent by Domini Impact Investments LLC, an impact investor based in New York. Domini appointed Ultimus to provide transfer agency, including customised shareholder services, to the four Domini Impact Funds, with over USD2bn AuM. Ultimus completed the conversion process in June 2020.
Sanne buys Deutsche Bank’s trust & agency business in Japan
Sanne, a UK-listed provider of alternative asset and corporate services, has acquired Deutsche Trust Company Limited Japan, Deutsche Bank’s trust and agency services business in Japan. The company will operate its trust business under the new name, Sanne Group Japan Trust Company.
State Street hires Nils Hoffmann as EMEA client executive
Nils Hoffmann has joined State Street as a client executive for Europe, Middle East and Africa. Based in Frankfurt, he will report jointly to Silvio Angius, a leader of the global clients division, and Stefan Gmuer, chief executive officer for State Street International. In this role, he will be responsible for the strategic direction and…
Samsung Fire & Marine appoints HSBC as global custodian
HSBC has been appointed as global custodian by Samsung Fire & Marine Insurance (SFMI), a non-life insurance company in Korea, for part of its investment portfolio in the U.S., Europe, Japan and China. HSBC completed an asset transition of a portion of SFMI’s fixed income portfolios in these markets. This comes after the bank’s onboarding…
Apex hires Barry Hindmarch for senior real estate role
Apex Group, the Bermuda-based financial services provider, has appointed Barry Hindmarch to the newly created role of head of real estate, UK & Ireland and Channel Islands. Hindmarch was previously at BlackRock, where he was a director with responsibility for managing the finance team reporting on various open and closed-ended EMEA real estate funds.
HSBC chooses Ultumus as ETF PCF provider
HSBC has chosen ETF and index data provider Ultumus to be its portfolio composition file (PCF) solution provider. Ultumus will be responsible for performing PCF creation and distribution for HSBC’s ETF clients globally. The first clients will be switched to the Ultumus platform in Q4 with the rest being completed in early 2021.
American Fidelity migrates insurance accounting to SS&C
American Fidelity Assurance Company, an Oklahoma-based company, will migrate its insurance investment accounting to SS&C Singularity. Additionally, SS&C’s Precision LM platform will support the full loan lifecycle of American Fidelity’s commercial mortgage investments, including origination, servicing and accounting, and risk-based capital reporting.
Crestbridge hires Scott Jones for client operations role
Crestbridge, a UK-based administrator, has appointed Scott Jones as a director of its client operations team. He joins from Ashburton Investments.
Ocorian to acquire Newgate Compliance
Ocorian, the C.I.-based administrator, is to acquire Newgate Compliance, a UK-based compliance consultancy and hosted regulatory solutions provider for funds clients. The deal is subject to regulatory approval.