Significantly behind all its major competitors, J.P. Morgan’s securities services division is setting up a new data solutions business. Gerard Francis, who was head of enterprise data solutions at Bloomberg, will head the business, reporting to Teresa Heitsenrether, global head of securities services.
Month: July 2021
FAB and State Street form MENA alliance
First Abu Dhabi Bank and State Street have formed a strategic alliance that combines FAB’s regional securities services expertise, incorporating the largest direct custody network in the Middle East and North Africa (MENA), with State Street’s global footprint. The alliance will create a full-service offering for institutional investors in the region. It will provide MENA…
Manaos onboards two ESG data providers
BNP Paribas Securities Services’ ESG marketplace, Manaos, has onboarded two new partners – Util and V.E., part of Moody’s ESG Solutions – to supplement its sustainability data and analytics offering. Now live on Manaos, Util’s machine learning models quantify the degree to which every listed company positively and negatively impacts the 17 UN SDGs and…
NPS renews agreement with State Street
The National Pension Service of Korea, the world’s third largest pension fund, has renewed its service agreement with State Street, which will continue to provide back-office and middle-office services for the NPS’ global equity and alternatives portfolios which have KRW222trn (USD195bn) and KRW49trn (USD43bn) AuM respectively. State Street has been providing custody, fund accounting, performance…
Covario to deploy METACO Harmonize
Covario, an independent prime broker for digital asset managers based in Switzerland, has selected METACO Harmonize as its digital asset orchestration engine. Harmonize acts as the overarching policy layer to ensure oversight and management of Covario’s operations, coupled with a single point of integration for its various internal systems. Covario offers trade execution services including…
InvestX appoints Great Lakes for investor services
Great Lakes Fund Solutions, a U.S.-based administrator for alternative investment fund sponsors, has been appointed to provide investor services for InvestX, a North American marketplace delivering access and liquidity to the private equity asset class through investments in pre-IPO companies on its trading platform, lnvestX GEM.
Aztec supports Nordic Capital’s new EUR1.2bn fund
Aztec, the C.I.-based administrator, has supported Nordic Capital, a private equity firm and longstanding client, on the first and final close of its Evolution Fund at >EUR1.2bn (USD1.4bn). Aztec has been appointed to provide ongoing administration, financial reporting, depositary and investor services to the fund.
Genstar acquires majority stake in Foreside
Genstar Capital, a private equity firm, has signed a definitive agreement to acquire a majority stake in Foreside Financial Group, LLC from Lovell Minnick Partners. Foreside provides distribution, governance, risk management and compliance solutions to clients in the global asset and wealth management industries. Genstar is the majority owner of Apex Group.
BNY Mellon to acquire Milestone
BNY Mellon has entered into a definitive agreement to acquire Milestone Group, a U.S.-based provider of fund management technology, including the widely adopted pControl platform. The deal comes just over a year after the two companies formed an alliance to create a suite of oversight and contingent NAV services for asset managers and owners seeking…
BP2S appoints Paul Daly to head distribution products & solutions
BNP Paribas Securities Services has appointed Paul Daly as head of distribution products and solutions. Daly will be responsible for developing and promoting fund distribution products for institutional fund buyers and fund promoters. He will also drive the development of BP2S’s transfer agency solutions. He was previously head of territory for Ireland at BP2S. Based…