Northern Trust is to establish a new electronic foreign exchange (eFX) pricing engine in Singapore, in partnership with the Monetary Authority of Singapore. This will be Northern Trust’s first eFX engine in Asia-Pacific.
Month: April 2021
BNY Mellon adds FICC cleared repo to LiquidityDirect portal
BNY Mellon has made FICC sponsored cleared repo available through its LiquidityDirect short-end investment portal. Institutional clients can now seamlessly invest cash in cleared repo through LiquidityDirect. The addition of cleared repo to LiquidityDirect broadens the range of short-term investments on the platform to include a secured, centrally cleared alternative that provides counterparty diversity and…
Schwab appoints BNY Mellon for TA
BNY Mellon has been appointed by Charles Schwab Investment Management, Inc. to provide transfer agency services. Mark Fischer, CFO of Charles Schwab Investment Management, said: “We are eager to work with the BNY Mellon team and have been impressed by its service model, solutions, deep industry experience and the strategic vision they bring to investor…
State Street plans ESG-aware commingled cash collateral service
State Street plans to roll out its agency lending program’s first ESG-aware commingled cash collateral reinvestment strategy. The agency lending team has partnered with State Street Global Advisors, its asset management business, to provide securities lending clients with a commingled cash collateral reinvestment strategy that follows short-term investment guidelines, while considering R-Factor, a proprietary ESG…
Maverix hires SS&C GlobeOp as administrator for new PE fund
Maverix Private Equity, a Canadian private equity firm, has appointed SS&C GlobeOp as fund administrator for its inaugural growth equity fund. Maverix will use SS&C GlobeOp’s private capital fund services to support the Maverix Growth Equity Fund, including fund accounting, investor services, reporting and data analytics. SS&C’s Toronto team will oversee services for the fund.
Apex hires Debbie Lee as China country head
Apex Group, the Bermuda-based financial services provider, has appointed Debbie Lee as country head, China. Based in Shanghai and reporting to Valerie Mantot-Groene, head of APAC, Lee joins Apex from TMF Group, where she was most recently the market lead for fund services in China. TMF recently hired Derek Chen from Apex as commercial director…
Riyad Capital signs private-label deal with BNP Paribas
Riyad Capital, the investment banking arm of Saudi Arabia’s Riyad Bank, has signed an agreement with BNP Paribas Securities Services to provide global custody, fund services and consolidated data management services in Saudi Arabia under a joint servicing model, thought to be the first of its kind in the Kingdom and the region. Developed over…
Intertrust to service KLAR Partners debut PE fund
Intertrust, the Netherlands-based provider of corporate and administration services, has been appointed as fund administrator and depositary to KLAR Partners, a European private equity firm. Intertrust will provide KLAR Partners with fund administration, depositary and SPV management services across Luxembourg and Sweden. KLAR Partners recently announced the final closing of its debut fund, KLAR Partners…
Archer hires two for client experience team
Archer, a U.S.-based service provider to the asset management industry, has expanded its client experience team, adding Sheryl Kushma as VP of relationship management and DJ Polis as AVP, client platform specialist. Kushma joins Archer with more than 20 years of industry experience, having worked at BNY Mellon, 1838 Investment Advisors, SEI and, most recently,…
MUFG launches private markets ESG reporting service
Following its recent roll-out of an ESG reporting solution, MUFG Investor Services has launched its private markets ESG reporting service. The solution will allow data to be collected in an automated way, with an overlay of ESG expertise from analysts, while being tailored to industry, investment, and client requirements. MUFG will provide reporting services, starting…