Marketnode, the digital assets joint venture between the Singapore Exchange (SGX) and Temasek, has partnered with fixed income issuance and data firm, Covalent Capital, to build what they claim is Asia Pacific’s first end-to-end digital infrastructure in the fixed income space. This latest development follows the JV announcement by SGX and Temasek. As part of…
Month: February 2021
Northern Trust makes senior management moves
Northern Trust has hired Kelley Conway to lead its corporate and digital strategy, based in Chicago and reporting to Mike O’Grady, CEO. She joins from Accenture, where she was a partner in the financial services practice. The firm has also established a new unit within its asset servicing business, Investment Data Science, which will be…
SGSS rationalises UK fund servicing operations
Société Générale Securities Services has confirmed that it will no longer offer fund administration services to UK-domiciled funds. SGSS will continue to service offshore-domiciled funds of UK managers through its operations in Ireland and Luxembourg.
IQ-EQ establishes real estate team in Asia
IQ-EQ, the Luxembourg-based administrator, has established a dedicated real estate team in Asia. This follows the recent relocation of real estate-focused client director Neil Synnott to Singapore and the appointment of team manager Denish Leang, who was previously with PwC’s financial services asset and wealth management division.
Apex provides IPO support for Victory Hill energy fund
Apex has provided IPO support to VH Global Sustainable Energy Opportunities plc (GSEO) ahead of its listing on the London Stock Exchange. GSEO raised GBP242m to invest in a portfolio of global sustainable energy infrastructure assets. Apex offered a single-source solution encompassing pre-IPO support, company secretarial, fund administration and accounting and depositary services. Victory Hill…
Northern Trust to support AMX & DWS initiative
Northern Trust has been appointed to support an initiative between the Asset Management Exchange and DWS to offer a pooled funds service in the UK that enables pension schemes to actively engage in stewardship. The service aggregates investor stewardship preferences and seeks to execute votes in alignment with these preferences. Northern Trust will support the…
Coremont and Carne launch Luxembourg UCITS platform
Coremont, the UK-based provider of portfolio management technology and outsourced services to investment managers, and Carne Group, which claims to be the industry’s largest third-party fund management company, have launched Coremont Investment Fund. The fund is a UCITS-compliant SICAV, incorporated in Luxembourg, providing investment managers with a gateway to raising assets from institutions globally.
Robert Stenmark joins Northern Trust in Norway
Robert Stenmark has joined Northern Trust to head its new Norwegian branch and lead its depositary services business in Norway. He joins from Handelsbanken.
Apex appoints van Asselt to ambassador role
Apex has appointed Henk Pieter van Asselt to the role of Apex Ambassador. Reporting to Renaud Oury, chief revenue and data officer, van Asselt will draw on his global network built during his career in the financial services industry to support the growth of Apex’s new and existing client relationships. Van Asselt spent a decade…
BNY Mellon opens branch in Madrid
BNY Mellon has opened a new branch in Madrid, Spain. Mariano Giralt will assume the role of branch manager, with Ana Arias as deputy branch manager. Both are internal appointments.