Chainalysis, the UK-based blockchain data platform, has announced that BNY Mellon will be the first GSIFI to use Chainalysis’s compliance software as part of its risk management program. This integration will form a component of BNY Mellon’s strategy to develop cryptocurrency services for its clients. BNY Mellon plans to integrate the full Chainalysis compliance software…
Year: 2022
Northern Trust supports 5CP’s USD144m fund launch
Northern Trust has been appointed by 5th Century Partners (5CP), a purpose-driven private investment firm based in Chicago, to provide fund administration and related services. The relationship includes banking, investor services and support for the launch of 5CP’s oversubscribed debut fund, which closed to investors earlier this year with USD144m in capital commitments. Northern Trust…
BNY Mellon promotes asset owner executive
BNY Mellon has appointed Xavier van den Brande as asset owner segment lead for Europe, based in London. This is an internal promotion.
Archer hires industry veteran
Archer, a U.S.-based service provider to the asset management industry, has hired Andy Mika as vice president of solutions. In his role, Mika will be responsible for developing solutions that investment managers need to expand distribution, launch new products, and streamline operations. Mika has more than 35 years’ experience in investment operations. He has worked…
Two senior appointments at IQ-EQ
Two senior appointments at IQ-EQ, the Luxembourg-based administrator: Greg Kok has been named as the new MD of IQ-EQ Guernsey. Prior to joining IQ-EQ, Kok was group head of the ManCo at JTC. Sophie Hubert has been named as the new chief commercial officer for IQ-EQ France. She joins from Amundi.
Homestead appoints Ultimus for TA
Homestead Funds has appointed Ultimus Fund Solutions as its transfer agent. RE Advisers, the USD8.4bn AuM investment adviser of Homestead Funds, transitioned its fund family of ten mutual funds from the previous provider to Ultimus. Homestead Funds represents over 42,000 shareholder accounts. Homestead Funds is a mutual fund manager with roots in rural America, formed…
Itau Unibanco appoints BP2S in Colombia
Itau Unibanco S.A., Latin America’s largest bank, has appointed BNP Paribas Securities Services to provide local custody and settlement services for its assets in the Colombian market.
Bitpanda acquires Trustology
Bitpanda, the Swiss-based crypto asset services provider, has acquired Trustology, the UK-based provider of trust and custody services for digital assets. Bitpanda will rebrand as Bitpanda Custody as a result of the deal. Bitpanda’s digital asset exchange now commits to offset custody fees, bringing them down to zero for users on Bitpanda. The deal also…
AXA IM expands SimCorp relationship
AXA Investment Managers has expanded its relationship with SimCorp, the Denmark-based provider of SaaS investment management solutions, to include SimCorp’s recently launched investment accounting services. The services include an investment accounting advisory overlay with access to a team of local accounting experts. It enables clients to access reports via an intuitive cloud-based self-service portal, consolidating…
Northern Trust supports AMF transition to IORP II status
Northern Trust has supported AMF Tjänstepension AB (formerly AMF Pensionsförsäkring AB) with its transformation to become one of the first occupational pension providers in Sweden under the European Institutions for Occupational Retirement Provision (IORP) II Directive. IORP II aims to improve the governance and communication standards of occupational pension schemes. Over an 18-month period, Northern…