State Street has appointed Michael Knowling to head of its global clients division (GCD). Knowling will report jointly to Joerg Ambrosius and Chris Coleman. In this role, Knowling will manage a team of senior client executives, global relationship managers, and client analysts as part of State Street’s client coverage model focused on delivering cross-enterprise solutions…
Month: April 2022
Sudrania hires SVP of client success
Rob Naka has joined Sudrania Fund Services as SVP of client success. He will lead client advocacy, a service escalation point and consultancy resource for clients. Prior to joining Sudrania, Naka served as COO at Altegris/Artivest where he was responsible for the operational infrastructure of systems, processes, and personnel.
Convergence acquires DNA
Convergence Inc. has acquired Double N Advisers, LLC (DNA). Carl Versella, DNA’s founder & CEO, will assume the role of managing director to lead its capital markets segment and its management consulting practice. DNA is an independent management consulting firm that delivers operations and business strategy to financial services companies and their service providers. Services…
LGL to deploy Allvue solutions
LGL Group, the C.I.-based provider of alternative fund, corporate, and family office services, has selected Allvue Systems, a provider of technology solutions for the alternative investments sector, to provide its fund accounting and investor portal platforms to support its fund administration business. Based in the U.S., Allvue was established in 2019 through the merger of…
EFA wins new Corsican fund
EFA, the Luxembourg-based administrator, has been selected by FemuQui Ventures, a Corsica-based manager, for the administration and accounting of its new fund, FIP Corse Suminà n°5. The investment policy of the fund is to achieve long-term capital gains on a diversified portfolio of investments consisting in particular of unlisted SMEs operating mainly in Corsica.
PolySign to acquire MG Stover
PolySign Inc., the U.S.-based digital assets fintech, has agreed to acquire MG Stover, a U.S.-based alternatives administrator with >USD40bn in digital assets under administration, believed to the world’s largest. The acquisition will enable PolySign “to deliver a comprehensive, vertically integrated custody, trading and administration offering to institutional investors for cryptocurrency and digital assets”. PolySign expects…
Securrency secures FSP for ADGM
Securrency Capital, a broker-dealer based in the Abu Dhabi Global Market (ADGM), has secured a Financial Services Permission (FSP) from ADGM’s Financial Services Regulatory Authority (FSRA) to deal in investments as a matched principal and provide custody for those investments. The license enables Securrency Capital to provide trading of digital assets to a variety of…
SG supports Generali digital bond purchase
Generali Investments – through Generali Insurance Asset Management, on behalf of the French company Generali IARD – has purchased, on the secondary market, security tokens of the digitally native bond issued by the European Investment Bank (EIB) in 2021 (with Société Générale as Joint lead manager). The transaction was performed over the blockchain infrastructure of…
Aon and BNY Mellon collaborate on ESG
Aon and BNY Mellon have signed a multi-faceted data and digital collaboration focusing on supporting the ESG needs of clients globally, leveraging both firms’ collective ESG data and analytics capabilities and data sets. In addition, Aon and BNY Mellon will work to further enhance solutions in the areas of digital assets and data and analytics.…
EFA owners agree to sell
Universal Investment Group and the shareholders of European Fund Administration (EFA) – Banque de Luxembourg, Banque et Caisse d’Épargne de l’État, Oddo BHF, Quintet Private Bank (Europe) S.A. –have entered into an agreement for the acquisition of EFA by Universal Investment Group. The transaction is subject to regulatory clearance by CSSF and is expected to…