HSBC has made major changes to the senior management team of its markets & securities services business. Following the integration of its M&SS operations teams into a single unit, HSBC has now moved to unify elements of the front office, which involves the elimination of some co-head roles. Richard Godfrey, who was co-head of securities…
Month: November 2022
CRD collaborates with DirectBooks
Charles River Development, a State Street company, is collaborating with DirectBooks, enabling investment firms to manage primary issuance workflows in the Charles River Investment Solution (Charles River IMS). DirectBooks optimises primary issuance of fixed income securities by streamlining communications workflows between underwriters and institutional investors. Currently, 22 underwriters and over 250 institutional investors, including 17…
XP selects SS&C for trade management
XP Investments US, a subsidiary of XP Inc., a financial services provider based in Brazil, has chosen SS&C’s trade management solutions to optimise its operations. The firm will use a combination of SS&C MarketTrader and SS&C Eze EMS as its sell-side order and execution management platform. The solution allows XP to run real-time trade cost…
IQ-EQ supports new Ansor fund
Ansor, a private equity firm based in London, has completed a first close of its second fund withGBP63m (USD70m) of commitments, with administrative, compliance and regulatory support provided by IQ-EQ. IQ-EQ has been supporting Ansor since the launch of its first fund, Ansor Fund I, in 2019.
IDR launches MLRO service
IDR, a fintech specialising private markets investor onboarding, has launched an international MLRO service. Led by Ian Hotton, who has a long career in the anti-financial crime space, IDR’s MLRO service helps fund managers to navigate the complexities of AML and CFT compliance with a scalable technology-enabled solution. IDR’s MLRO service covers all principal fund…
BBH announces four RMs for inserv business
In the clearest signal yet that the State Street deal to acquire Brown Brothers Harriman’s investor services business in far from certain, BBH has announced four new senior relationship managers. Mariana Kelly joins from BNY Mellon where she worked as a relationship manager for Latin American clients and held roles in business development, project and…
Glennmont extends RBS relationship
Glennmont Partners, the UK-based manager which focuses exclusively on investment in clean energy infrastructure, has appointed RBS International Depositary Services as depositary for the Nuveen European Core Renewable Infrastructure Fund. The new open-ended fund, which has an initial raising of EUR700m (USD683m), will invest in brownfield, renewable energy assets and projects across continental Europe. In…
Vistra appoints new CEO
Vistra, the Hong Kong-based fund and corporate service provider, has appointed Simon Webster as its new CEO. Based in Hong Kong, Webster will lead the business across 47 jurisdictions and will also join Vistra’s board following regulatory approval. He replaces Alan Brown, who has led Vistra since 2019. Webster was most recently group CEO of…
Saphyre adds new client
American Century Investments has selected Saphyre, the U.S.-based fintech using patented AI technology to solve pre-trade setups and post-trade issues, for custodial and broker fund onboardings, as well as maintenance.
Aztec appoints NED
Aztec Group, the C.I.-based alternatives administrator, has appointed New York-based Eric Bernstein as a non-executive director. Bernstein is currently COO at EquityZen, a technology start-up that connects shareholders of private companies with investors seeking alternative investments. Prior to this, he was president at Broadridge Asset Management Solutions. Aztec, which opened its first U.S. office in…