Mammoth Scientific, a health science and technology venture capital firm, has selected SS&C as administrator and technology partner for its inaugural USD100m fund. The fund will provide venture capital to health science and technology companies maturing beyond seed rounds. Mammoth is building a proprietary platform to enable registered investment advisors to access venture capital investments…
Year: 2021
Jason Nabi joins Arqit from Euroclear
Arqit Quantum Inc., a specialist in quantum encryption technology, has appointed Jason Nabi as managing director, financial services. Nabi, who was briefly at Euroclear, has worked for HSBC, SG and BNP Paribas, as well as Bloomberg, IBM and Paxos.
BNY Mellon invests in Quantexa
BNY Mellon has completed an investment in Quantexa, a data management firm. As part of the deal, Joseph Sieczkowski, BNY Mellon’s CIO of engineering and architecture, will be joining the Quantexa board, and Eric Hirschhorn, chief data officer, will join Quantexa’s advisory board. BNY Mellon already uses Quantexa’s platform and will now expand its relationship…
Citi wins first MO mandate in the Philippines
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…
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.