The draft agreement between BNP Paribas’s securities services business and CACEIS to combine their issuer services businesses, first announced in March 2022, has received approvals from the competition and regulatory authorities. The JV will be called Uptevia.
Month: January 2023
BNP Paribas invests in AccessFintech
BNP Paribas has invested in AccessFintech, a fintech focused on the capital markets’ operating model through data and workflow collaboration. The investment is being made by BNP Paribas’s securities services unit. Clients will be able to enhance operational efficiency through the deployment of AccessFintech’s Synergy data collaboration network. Synergy helps market participants reduce collateral needs…
Apex completes Maitland deal
Apex has completed its acquisition of the fund services and third-party ManCo business operations of Maitland International Holdings plc, the South Africa-based fund services provider. Maitland provides services for 120 direct investment managers and 25 fund sponsors, with >USD200bn AuA and USD17bn AuM. Maitland’s 570 employees will join the group, expanding Apex’s existing presence in…
Formidium launches crypto tax service
Formidium, the U.S.- based administrator (formerly Sudrania), has launched Crypto Fund Tax, a suite of tax services, including tax allocations, reporting, and filings for funds invested in digital assets. Crypto Fund Tax is aimed at managers and funds that invest in cryptocurrency, DeFi, blockchain, mining, staking, NFTs, tokens, private equity, venture investments, and real estate…
State Street consolidates client & product oversight
State Street has confirmed the creation of two new senior management roles that are designed to consolidate and streamline oversight of the product and client lines globally. Both positions report to Lou Maiuri, president and head of investment services. Jörg Ambrosius is chief commercial officer, responsible for achieving financial and strategic objectives for clients, as…
Securrency hires Chakar as CEO
Securrency, the U.S.-based developer of institutional-grade, blockchain-based financial and regulatory technology, has appointed Nadine Chakar as CEO. Her appointment will allow Dan Doney, Securrency’s founder, who has served as the company’s CEO and lead architect since its inception, to focus on innovation, technology delivery, and commercialisation by continuing to serve as chief technology officer. Most…
State Street hires UBS senior for European role
State Street has appointed Dr. Andreas Przewloka as CEO for State Street Bank International GmbH (SSBI). Based in Frankfurt, Przewloka reports to Joerg Ambrosius, chief commercial officer for State Street and chairman of the board of SSBI. He will lead State Street’s custody and investment servicing business across continental Europe. He joins State Street from…
Knadel Software appoints new chairman
Paul Miller is joining Knadel Software as its new chairman. This reunites him with Dean Lumer and the team behind Suppliervision, the supplier management system for the financial services industry.
Finbourne builds APAC presence
Finbourne, the UK-based data management fintech, has opened an office in Singapore and has made its first APAC appointments. Trinanjan Sengupta has joined as head of client delivery, APAC. He was previously at Enfusion. Harry Rana joins from Broadridge as head of APAC sales.
MUFG hires from Citi for APAC push
MUFG Investor Services, has appointed Fi Dinh as head of fund finance for the APAC region. She joins from Citi Private Bank, where she led a portfolio of private equity fund finance relationships and directed the ESG-linked financing initiative for the business globally. In her new role, Dinh will focus on expanding the fund financing…