Akbar Sheriff has joined Coremont, the UK-based fintech, as COO. Coremont, which was spun off from Brevan Howard in 2018, provides portfolio management technology and support across all investment management and trading functions. Its flagship software, Clarion, provides risk analytics and data across all asset classes, including rates, fixed income, credit, FX, equities, commodities and,…
Month: July 2022
HSBC wins GBP50bn Aviva RE mandate
HSBC and Mount Street Group have entered into a 10-year strategic agreement with Aviva Investors for asset servicing arrangements for its real assets business, covering GBP50bn (USD60bn) AuM. The mandate will see HSBC and Mount Street assume all fund administration and debt servicing functions on behalf of Aviva Investors’ real assets strategies. The mandate follows…
BP2S appoints new head of NZ
BNP Paribas Securities Services has appointed Iain Martin as head of New Zealand with effect from 1 October 2022. He is based in Wellington and reports to David Banks, the acting head of securities services Australia and New Zealand. Martin, who joined the bank in 2003, was most recently head of relationship management and sales…
Apex supports Foord’s new Australia fund
Apex has been appointed by Foord Asset Management to support its expansion into the Australian market. Apex will provide fund administration, transfer agency and custody services to Foord’s new Australia-domiciled fund, the Foord Global Equity Australian Feeder Fund. This follows the recent announcement that Foord had appointed Equity Trustees as the Responsible Entity (trustee) for…
PFS wins new platform mandate in Bermuda
Pacific Fund Systems, the Isle of Man-based portfolio platform provider, has been selected by Kensington Fund Services Ltd, a newly established fund administrator based in Bermuda, for the PFS-PAXUS fund administration system for its third-party fund administration business operations. Pacific Fund Systems has a client base with >USD1trn of assets on PFS-PAXUS. Graham MacDonald, Managing…
Aon appoints BNY Mellon executive as Netherlands CEO
Aon plc, a global professional services company, has appointed Leonique van Houwelingen as chief executive officer for the Netherlands, effective November 1, 2022, subject to regulatory approval. In 2021 van van Houwelingen was replaced as CEO of BNY Mellon’s European bank and took on a new role as EMEA head of strategic growth and regional…
Inversis to acquire stake in Adepa
Inversis, a 100ct subsidiary of Spain’s Banca March specialising in global solutions for financial asset distribution, has agreed to acquire 40pct of Adepa, a Luxembourg-based group providing management and administration services for investment vehicles (UCITS and alternative funds, including real estate and venture capital), which has operations in Luxembourg, Spain, Italy and Chile. The agreement…
Paul Heffernan joins Waystone
Paul Heffernan has joined Waystone as CEO of its ETF business. He previously spent six years at HSBC in senior European sales roles for the securities services business. He is based in Ireland.
Another BBH defection to BNY Mellon
Clare Donnellan has joined the UK & Ireland sales team at BNY Mellon, based in London. She was previously at BBH.
Broadridge appoints new CTO
Broadridge Financial Solutions, a U.S.-based fintech provider, has appointed Tyler Derr as chief technology officer. He will be responsible for overseeing Broadridge’s global technology teams, including enterprise-wide software engineering, product delivery, architecture, infrastructure, cybersecurity, and technology operations. Derr will report to CEO Tim Gokey. He has been with Broadridge for 10 years. Derr succeeds John…