Citi has appointed Chay Thurlow as global head of custody operations. Based in London, he reports to Brian Ovaert, global head of securities services & issuer services operations. He joins from Deutsche Bank, where he spent more than 10 years, most recently as the head of securities and trust & agency operations. He fills the…
Year: 2020
CACEIS and Amundi joins forces for front-to-back solution
CACEIS has partnered with Amundi, the French asset manager, to offer a front-to-back outsourcing solution for asset owners and managers. This brings together Amundi Services’ ALTO portfolio management platform with CACEIS’ middle office and back office services. Both CACEIS and Amundi are owned by Crédit Agricole.
NES to administer OZ funds for Opp Zone Capital
NES Financial, the Silicon Valley-based administrator, has been mandated to provide opportunity zone fund administration services to Opp Zone Capital, a U.S.-based OZ fund manager and sponsor with real estate and operating business investment offerings. NES recently announced that it is being acquired by JTC.
Ultimus to service new FI fund for Red Cedar IM
Ultimus Fund Solutions, the U.S.-based independent administrator, has been selected as the fund administration service provider for Red Cedar Investment Management, LLC, an asset manager and Registered Investment Adviser. The new fixed income fund, launched with Ultimus’ assistance, is part of a standalone proprietary trust and is comprised of high-quality, short duration bonds with a…
Cambria IM appoints SS&C ALPS as ETF service provider
Cambria Investment Management, a U.S.-based independent manager, has selected SS&C ALPS to provide full fund administration, accounting and distribution services for its range of 11 ETFs.
BBH appoints Keith Haberlin as head of fintech
Brown Brothers Harriman has appointed Keith Haberlin as head of fintech, with responsibility for fintech products, execution, relationship management and sales. The fintech business provides middle office technology and services to asset managers, including Infomediary technology for data messaging and connectivity. Haberlin takes over from Mike McGovern, who has served in the role since 2017.…
CIBC Mellon appointed as custodian for two more Bank of Canada programs
Following its recent appointment as custodian for the Bank of Canada’s commercial paper purchase program, CIBC Mellon has been mandated to provide custody for the Bank of Canada’s corporate and provincial bond purchase programs.
Bill Gourlay joins Carne Group as global head of RM
Carne Group, a Luxembourg-based provider of ManCo and related services, has appointed Bill Gourlay as global head of relationship management. Gourlay was previously a partner at Aon with global responsibility for its investment solutions business. He has also worked at Royal Bank of Canada, SWIFT, Deutsche Bank, State Street and Bankers Trust. Gourlay will be…
BNY Mellon launches end-to-end solution for ActiveShares ETFs
BNY Mellon has launched an end-to-end technology solution to support ActiveShares non-transparent actively managed exchange-traded funds. This solution delivers a digital workflow from order placement through execution of underlying securities associated with creation and redemption activity. It incorporates the authorized participant representative (APR) and verified intraday indicative value agent (VIIV Agent) in daily ETF workflows…
Citi appoints Larissa Sototskaya to head Lux custody & fund services
Citi has appointed Larissa Sototskaya as the Head of Luxembourg custody and fund services (CFS). She will report to Pervaiz Panjwani, EMEA head of custody and fund services, and locally to Alberta Brusi, Luxembourg country head. She joined Citi in 2010 and most recently led global client service across the securities services franchise. The post…