Citi has been appointed by Sun Life Investment Management and Trust Corporation as its middle office service provider in the Philippines. This mandate makes Citi the first bank in the country to onboard a middle office client. Sun Life Philippines is a financial services institution offering varied business lines including life insurance managed and distributed…
Month: September 2021
Apex rebrands Senasen
Apex Group has launched a digital marketing platform, Apex Profilir, designed to connect LPs and GPs and support the capital raising process. It follows the acquisition of Senasen earlier this year.
J.R. Lowry joins Janus Henderson as COO
J.R. Lowry is leaving State Street to join Janus Henderson Investors as COO. At State Street he was COO of its Alpha business.
Michelle Butler leaves HSBC
Michelle Butler has left HSBC’s securities services business, where she was head of business development & client management for Europe. It is understood she will be moving to J.P. Morgan after a period of gardening leave.
CACEIS strikes deal with FundGlobam for distribution support
CACEIS has struck a deal with FundGlobam, a European provider of fund distribution services, to offer asset management companies an all-in fund distribution support solution. The services on offer are structured around three pillars: Distribution strategy services, covering market characteristics, trends, participants and regulatory frameworks in more than 80 countries to identify the most appropriate…
FundRock appointed as ACD for new Octopus fund
FundRock Partners, part of the Apex Group, has been appointed as the Authorised Corporate Director for a new UK fund, FP Octopus UK Future Generations Fund, operated and managed by Octopus Investments. This is Octopus’ first retail fund with a sustainable investment mandate.
Northern Trust launches UMR solution
Northern Trust has launched an automated solution for initial margin calculation to help asset manager and asset owner clients comply with global regulations governing trading of OTC derivatives. The solution, developed in advance of the deadline for implementation of Uncleared Margin Rules (UMR), is part of Northern Trust’s integration of Acadia’s margin management solutions.
Todd Werner joins Ultimus LeverPoint
Ultimus LeverPoint Private Fund Solutions, part of Ultimus Fund Solutions, has appointed Todd Werner as SVP, private fund operations, a newly created role. Prior to joining Ultimus LeverPoint, Werner was director of SS&C Technologies’ private equity services.
BNY Mellon adds three senior managers to digital business
BNY Mellon continues to build out its digital senior management team, announcing three new hires. Hadley Stern joins as global head of digital custody, responsible for overseeing business and product development for the digital custody offering. He was most recently head of Amazon Web Services’ innovation labs. He will report to Caroline Butler, head of…
Sphera selects SS&C’s EZE front office solution
Sphera, a Tel Aviv and New York-based long/short global investment firm with USD1.9bn AuM, has chosen SS&C’s Eze Investment Suite for its front-office operations. Sphera will use Eze Investment Suite to run its entire investment process, including order management, modelling and simulations, cash projections, trading, compliance checks, historical book of records and reporting. Sphera also…