BNY Mellon has facilitated better investor utilisation of Chinese fixed income assets following the introduction of the bonds as eligible collateral on BNY Mellon’s triparty platform through Hong Kong’s Bond Connect. BNY Mellon’s new solution enables clients to deploy these assets as collateral. Once the assets are within the bank’s triparty platform, clients can use…
Year: 2021
SS&C offers counter-bid for Australia’s Mainstream
SS&C has entered into a conditional Scheme Implementation Deed with Mainstream Group Holdings Limited, an Australian administrator. SS&C proposes to acquire 100pct of the shares and outstanding equity rights in Mainstream at a price of AUD2.00 per security, pursuant to a scheme of arrangement. Mainstream had previously entered into a Scheme Implementation Deed with Vistra…
Laurium launches Irish UCITS fund on Prescient ICAV platform
Laurium Capital (Pty) Ltd, a South Africa hedge fund and long-only fund manager with R26bn (USD1.5bn) AuM, has launched its first Irish-domiciled UCITS fund, the Laurium Africa USD Bond Fund, on the Prescient Global Funds ICAV platform.
Vistra launches loan market solutions business
Vistra, the Singapore-based administrator, has launched a loan market solutions business, coinciding with the relocation of Navita Yadav, global head of capital markets, to London. Vistra already provides services for debt market issuances, securitisation and structured finance, aviation ABS and tailored loan administration services.
Horseshoe appoints Kathleen Faries as CEO
Horseshoe, the Bermuda-based subsidiary of Artex, has appointed Kathleen Faries as CEO. Based in Bermuda, Faries will work closely with Andre Perez, the founder and current CEO, who will assume the new role of executive chairman. Faries was most recently the head of Tokio Millennium Re AG, Bermuda. Horseshoe is a specialist administrator of insurance-linked…
State Street to provide MO services to M&G via Aladdin platform
State Street has been appointed by M&G Corporate Services Limited, part of M&G plc, the UK-based asset manager with >GBP367bn (>USD500bn) AuM, to provide outsourced middle office services. The agreement builds on a 10-year strategic partnership with M&G that will see State Street extend its current fund accounting and custody services for the wholesale fund…
Pure Digital to deploy State Street’s Currenex platform for digital asset trading
Puremarkets Ltd, a UK-based business trading as Pure Digital, has entered into an agreement with State Street to deploy Currenex, State Street’s FX trading technology, as the infrastructure for Pure Digital’s new wholesale digital currency trading platform. Additionally, Pure Digital and State Street intend to further explore opportunities in the digital currency trading space. Pure…
TMF acquires Venture Back Office in the U.S.
TMF Group, a Netherlands-based provider of administrative services, has completed the acquisition of Venture Back Office (VBO), a U.S.-based provider of solutions to private equity, real assets, credit, and emerging manager funds. Following this deal, TMF Group will administer >EUR150bn of client assets. VBO was founded in 2007 and provides a range of fund administration…
John Stern to head U.S. Bank’s global corporate trust business
U.S. Bank has appointed John Stern as president of its global corporate trust and custody business. Stern currently leads the team that executes all of U.S. Bank’s treasury functions. Reporting to Gunjan Kedia, head of wealth management & investment services, he succeeds Joseph (Joe) Giordano, who is retiring.
Penny Biggs to retire from Northern Trust
Penny Biggs, who has had a stellar 20+ year career at Northern Trust, is to retire. Biggs, who was most recently chief strategy officer for the corporate & institutional services business, has held a variety of senior roles, including head of the institutional investor group for EMEA, and head of international distribution for asset servicing…