State Street has hired BNY Mellon’s Ann Fogarty as deputy head of the global delivery unit. She has responsibility for State Street’s custody, middle office, transfer agency and client service operations. Fogarty reports to Liz Nolan, head of global delivery. She will also join State Street’s management committee. At BNY Mellon, Fogarty was most recently…
Month: March 2021
AMF approves FundRock’s French AIFM service
FundRock, the European third-party ManCo and AIFM that is owned by Apex Group, has received regulatory approval from AMF, the French financial markets regulator, for FFAM, its new AIFM service in France. The new service will assist international and domestic professional investors in accessing alternative asset classes, including private equity and real estate.
State Street appoints O’Reilly to head alts in EMEA
State Street has appointed Vincent Georgel-O’Reilly as regional segment head for alternatives in EMEA. In this new role, O’Reilly covers hedge funds and private markets and is responsible for advancing the investment services strategic direction, product structuring, sales and operations in EMEA. He reports to Paul Fleming, global head of alternatives and Joerg Ambrosius, chief…
Link Group supports re-launch of Switzer FI fund in Australia
Link Group, the Australia-based administrator, and Switzer Asset Management have re-launched the Switzer High Yield Fund as a quoted managed (active ETF) fund, allowing units to be bought and sold on the stock exchange as well as directly from the issuer. This is the first fixed-income quoted managed fund to be launched on the Australian…
Apex to administer ETC for ETC Group
Apex Group is providing ETC Group with administrative support and trustee services for BTCetc ETC Group Physical Bitcoin, an exchange traded cryptocurrency (ETC) that tracks the price of Bitcoin, distributed by HANetf Limited. The ETC, which is listed on Deutsche Börse’s XETRA and SIX Swiss Exchange, has gathered >USD1.2bn AuM since launch in June 2020.…
BNY Mellon invests in Fireblocks
Fireblocks, a provider of software to store, transfer and issue digital assets, has raised USD133m in Series C venture capital funding. BNY Mellon is one of the investors.
USA Mutuals moves funds to Ultimus
Ultimus Fund Solutions has been selected by USA Mutuals to provide fund accounting, administration, transfer agency and shareholder services for its mutual funds. Ultimus helped USA Mutuals reorganise and convert their mutual funds from their previous provider earlier this year. As part of the conversion, the USA Mutuals funds were moved from their previous standalone…
SS&C launches risk scenario & simulation service
SS&C has launched SS&C Algorithmics Scenarios-as-a-Service (ScaaS), a subscription-based risk scenario and simulation service. Using financial risk modeling and the latest global datasets, ScaaS provides stress testing scenarios on macroeconomic factors. The first scenario in the series focuses on the impact of pandemics such as COVID-19. Pandemic risk is the first of a set of…
HSBC completes first sec lending trade in Saudi Arabia
HSBC has completed the first securities lending transaction in Saudi Arabia. HSBC acted as custodian and agent lender on the transaction for a large regional asset owner, enabling HSBC, in its role of prime broker, to borrow Saudi Arabian equities from the asset owner and provide access to the country’s equities market for a global…
Kay Hayre joins BNY Mellon to co-head IM sales
Kay Hayre has joined BNY Mellon as co-head of investment managers (IM) sales. In this role, Hayre will partner with co-head Laura Steinbach to drive business development activities, advance strategic relationships, and grow the firm’s pipeline of opportunities with IM prospects and clients globally. She will focus on IM business development internationally, whilst Steinbach will…