Ocorian, the C.I.-based administrator, has selected BlackRock’s eFront for its global funds administration platform Ocorian has a long-standing relationship with eFront and will add new capabilities such as fund administration, investor services, AIFM and depositary-lite services. In addition to using eFront for its central administration and transfer agency support, Ocorian will leverage the platform for…
Year: 2022
Copper hires COO
Copper, the UK-based provider of custody and prime services for digital assets, has appointed Sabrina Wilson as chief operating officer. She was previously at Citi, where she was the global co-head of the futures, OTC clearing and FX prime brokerage business.
Eruch Mody joins BNY Mellon
Eruch Mody has joined BNY Mellon‘s asset servicing business in a senior relationship management role. Mody spent nearly 12 years at BBH, most recently as a senior relationship manager in the investor services business. At BNY Mellon, he will be part of the global investment managers team run by Irene Speridakos.
TMF stops services for Russian clients
TMF Group, the Netherlands-based provider of compliance and administrative services, has become the first independent administrator to publicly announce that it will stop services to Russian clients. In a statement, TMF said: “Given the complex interplay between individuals, institutions and government in Russia, TMF Group has decided to exit all work for clients with a…
Capital Group selects State Street for new ETF range
Capital Group, the U.S. manager with USD2.7trn AuM, has appointed State Street as custodian, transfer agent and administrator for its first suite of active, transparent ETFs, recently listed on the New York Stock Exchange. The six ETFs include one fixed income core plus income strategy, three equity strategies that invest primarily in the U.S., and…
HSBC hires ANZ sales head from State Street
HSBC is expanding its Australian sales team with the appointment of Sinclair Scholfield as head of sales and client management for its securities services business in Australia and New Zealand. Scholfield spent the last 18 years at State Street, where he was most recently head of platform solutions for Asia Pacific. HSBC estimates that it…
Ultimus hires from BBH
Paul Wahmann has joined Ultimus Fund Solutions as an SVP in the middle office products team. Based in Colorado, he joins from BBH, where he spent over 16 years, most recently as an SVP in investment operations.
Elevar appoints SS&C GlobeOp
Elevar Equity, an emerging markets-focused venture capital firm, has appointed SS&C GlobeOp as its fund administrator. The Cayman Island-based venture capital firm has a range of funds domiciled in the Cayman Islands, Canada, Mauritius and India. SS&C’s India-based team will support the business.
BCI invests in ZEDRA
ZEDRA, the Switzerland-based provider of fund and corporate services, has reached an agreement to receive a strategic minority investment from British Columbia Investment Management Corporation, one of Canada’s largest institutional investors. This investment will be made in partnership with ZEDRA’s management team, and the company’s existing majority investor, Corsair, which will remain the majority shareholder.
Anchorage expands asset coverage
Anchorage Digital, the U.S.-based, federally chartered bank that acts as a digital custodian, has added custody support for 31 new digital assets from Q4 2021 to date. Anchorage recently completed a USD350m Series D funding round led by KKR, valuing it at >USD3bn.