A major breakthrough for Citi in the ’40 Act space, where John Hancock Investment Management has transferred the custody of USD9bn in fund assets to Citi from State Street. Citi has assumed custody for three Hancock funds: the Fundamental Large Cap Core, the Balanced and the Disciplined Value International, Citi has an existing mutual fund…
Year: 2020
BNY Mellon adds senior talent across asset servicing business
BNY Mellon has made some significant hires across its asset servicing business. Mark McKeon joins as global head of front-to-back solutions, based in Dublin. He is charged with expanding asset servicing’s front-to-back solutions platform globally, connecting the front, middle and back office to deliver a seamless platform for clients. His remit will include OMS partnerships,…
Citi hires BNY Mellon’s Jay Lipman as client executive
Jay Lipman has joined Citi as a client executive for custody & fund services. He joins from BNY Mellon, where he was the global lead for many of the firm’s most complex client relationships. Based in New York, he reports to Irimga McKay, global head of client services for custody & fund services.
SANNE rehires Zoubeir Khatib as director of CoE in Mauritius
SANNE, the UK-listed administrator, has appointed Zoubeir Khatib to the newly created role of director of the centre of excellence in its Mauritius business. Khatib has previously worked for SANNE and Ocorian in Mauritius.
Dean Blackburn appointed chief commercial officer at JTC
JTC, the C.I.-based administrator, has promoted Dean Blackburn to chief commercial officer. He takes over the post from Tony Whitney, who has retired from all executive roles at JTC after 23 years with the group. He joined JTC 18 months ago from HSBC, where he led the growth of its global HNW expatriate wealth management…
Northern Trust & BondEvalue complete first fractionalised bond trade in Singapore
Northern Trust and BondEvalue have completed the first trade of a fractionalised blockchain-based bond. The trade of a blockchain-based bond, known as BondbloX, was executed on BondEvalue’s platform, with Northern Trust as the exclusive asset servicing provider. This comes after the two parties established a strategic partnership in 2019 to deliver integrated asset servicing and…
BNY Mellon wins EUR40bn fund admin mandate for Deka Immobilien
BNY Mellon has been appointed by Deka Immobilien, a subsidiary of Germany’s DekaBank, to provide global fund administration coordination and oversight for its special purpose vehicles. Much of Deka’s EUR40bn in real estate assets is invested globally through SPVs. BNY Mellon’s role will be to coordinate accounting data from the SPVs around the world in…
Duff & Phelps launches Super ManCo in Ireland
Duff & Phelps, a U.S.-based provider of governance, risk and transparency solutions, has been authorised by the Central Bank of Ireland as an AIFM and UCITS management company (Super ManCo) in Ireland. The Irish Super ManCo joins Luxembourg as the second hub in Duff & Phelps’ European operations to offer a full portfolio of independent…
Fidinam and Hex Trust partner on digital assets
Fidinam, a Switzerland-based consultancy firm providing corporate tax and accounting services for digital assets, has partnered with Hex Trust, the Hong Kong-based digital asset custodian and infrastructure platform for banks and financial institutions, to enter the digital asset ecosystem. The partnership enables Fidinam to provide digital asset services to their global clients, leveraging Hex Trust’s…
Maples deploys Geneva for Irish AIFM business unit
MPMF Fund Management (Ireland) Limited, the Maples Group‘s alternative investment fund manager and UCITS management company, has launched technology enhancements. MPMF has implemented Advent Geneva, the portfolio accounting system owned by SS&C, to maintain investment books of record. Geneva is a fully integrated multicurrency portfolio accounting system. In addition, MPMF has implemented MSCI Risk Manager…