Crestbridge, the C.I.-based provider of private equity and real estate administration solutions, has been granted its depositary licence by CSSF, Luxembourg’s financial services regulator. The new depositary offering is underpinned by the fintech, Depowise. Depowise’s automated technology-enabled processes improve accuracy and efficiency for clients, by mitigating many of the risks inherent in the manual processes…
Month: March 2023
Clearstream launches Collateral Mapper
Clearstream has launched a new data-based solution to optimise collateral management: the Collateral Mapper. This provides clients with an automated and complete view of their collateral positions. It summarises complex sets of reports on collateral usage in an intuitive dashboard and evaluates the collateral potential of an equity portfolio. It also identifies the spare capacity…
Apex partners with Crypto Finance
Apex has formed a partnership with Crypto Finance AG, a provider of institutional-grade investment solutions, custody, and brokerage for digital assets, and part of Deutsche Börse Group. Crypto Finance will provide Apex with an infrastructure in the digital assets markets, starting with an issuance program for structured products backed by digital assets. The partnership will…
J.P. Morgan to acquire Aumni
J.P. Morgan has entered into a definitive agreement to acquire Aumni, a provider of investment analytics software to the venture capital industry. Financial terms of the transaction were not disclosed and closing is expected in the first half of 2023. Founded in 2018, Aumni’s proprietary data analytics engine structures, tracks and analyses legal and economic…
Accelex launches automated document acquisition
Accelex, the UK-based SaaS platform specialising in alternative investment data acquisition, reporting and analytics, has launched automated document acquisition capabilities, bringing speed, accuracy and efficiency in collecting and analysing data. Investors and administrators can now leverage Accelex for connectivity with document sources. Private market fund managers deliver documents to investors using a variety of channels…
U.S. Bank launches European ETF services
U.S. Bank has launched its new ETF services in Europe, as well as signing its first client for this offering. U.S. Bank will support Horizon Kinetics’ European version of its Inflation Beneficiaries ETF, an actively managed fund that seeks to address one of the most important economic and investment drivers – inflation – by identifying…
State Street to acquire outsourced trading firm
State Street has entered into a definitive agreement to acquire CF Global Trading, a firm specialising in outsourced trading on an agency basis for a variety of asset classes including equities, listed derivatives and fixed income. The transaction is expected to be completed by the end of 2023, subject to customary closing conditions. Financial terms…
Northern Trust adds to Poulter’s role
Northern Trust has appointed Glenn Poulter as global head of brokerage, based in London. He remains global head of Integrated Trading Solutions, reporting to Guy Gibson, global head of capital markets.
TMF acquires in the U.S.
TMF Group, the Netherlands-based provider of fund administration services, has acquired PartnersAdmin LLC, a full-service fund administration provider based in the U.S. PartnersAdmin has a strong U.S. west coast footprint. Following the deal, TMF will administer more than USD215bn. The acquisition represents a further step in TMF’s expansion in the North American market, where in…
Pace moves to U.S. Bank
Dan Pace has joined U.S. Bank as a relationship manager in its institutional trust & custody team, based in Boston. He previously spent more than 15 years at BBH.