BNY Mellon has appointed Emily Portney as CEO of Asset Servicing, its largest business unit, effective Feb. 1, 2023. She will report to Roman Regelman, CEO of Securities Services and Digital, and continue as a member of the ExCo. Portney will also lead the company’s client commercialisation efforts, responsible for driving improved commercial margin outcomes…
Month: December 2022
Ocorian appoints co-heads of global funds
Ocorian, the C.I.-based provider of services to financial institutions, asset managers, corporates, high net worth individuals, and family offices, has appointed Ben Hill and Yegor Lanovenko as co-heads of global funds Hill will focus on Ocorian’s fund clients and Lanovenko will concentrate on the fund services product and operating model. Hill is currently MD of…
IQ-EQ acquires Laven Compliance
IQ-EQ, the Luxembourg-based fund services provider, has acquired Laven Compliance Limited, formerly part of Laven Group. Laven Compliance is a UK and U.S.-based provider of regulatory compliance, regulatory application support and operational due diligence, servicing financial services clients. The acquisition does not involve any other part of the Laven Group.
Apex hires Cayman country head
Apex has appointed Anne Storie as country head for the Cayman Islands. She has previously worked at Waystone/DMS.
Phoenix American wins DST mandate
Phoenix American Financial has onboarded Delaware Statutory Trust (DST) fund sponsor Parking Vault for fund administration. Phoenix American will support Parking Vault with its investor relations platform featuring the STAR-XMS transfer agency system.
Apex appoints Goji for onboarding
Apex has appointed Goji, a UK-regulated fintech offering investors digital access to alternative investments, to enable alternative asset management clients to manage all stages of the investor lifecycle. Apex’s digital onboarding solution, powered by Goji, provides alternative fund managers with the ability to onboard their investors from any jurisdiction via a single, secure online platform,…
Weitz transitions to Ultimus
Weitz Funds, a U.S.-based manager, has transitioned transfer agency of its nine mutual funds to Ultimus Fund Solutions, the U.S.-based provider of fund administration, accounting, and investor solutions. Ultimus claims that this is the 20th TA conversion project since early 2020, representing over 100 funds converted on to its platform.
Stonegate appoints CIO
Stonegate Global Fund Services has appointed Adam Alesandro as chief information officer. He was previously in private practice.
Fnality & HQLAx complete DVP repo PoC
Fnality and HQLAᵡ have completed the first PoC DvP repo settlement across the Fnality Payment System (FnPS) and HQLAᵡ’s Digital Collateral Registry, bridging the DLTs of Enterprise Ethereum and R3 Corda. The proof of concept was supported by the project participants – Banco Santander, Goldman Sachs and UBS – and achieved by connecting HQLAᵡ with…
Genus extends relationship with RBC
Genus Capital Management has implemented the middle office end-to-end post-trade execution service from RBC Investor Services. Genus, a longstanding RBC client, is a Vancouver-based independent investment management firm. The trade management service delivers 24/6 coverage for all markets, providing near real-time transparency on the complete post-execution trade lifecycle, broker performance, and settlement risk. Stephen Au,…