AccessFintech, the data management network in which BNP Paribas and BNY Mellon have a stake, has partnered with J.P. Morgan’s securities services business to enable tax reclaims data set on Synergy, the AccessFintech multi bank network. J.P. Morgan becomes the first custodian to provide this solution to the market, increasing the efficiency of tracking tax…
Month: September 2023
New CEO for Waystone
Sanjiv Sawhney has been appointed global CEO of Waystone. He joins from Citi, where he has led global and regional investor services teams for the last 15 years, most recently as global head of client coverage, securities services. Earlier this year, Waystone abruptly parted company with Derek Delaney, CEO, Paul Cahill, COO, and Glen Magee,…
Gen II appoints group president
Gen II Fund Services, an independent private capital fund administrator with USD1trn AuA, has appointed Bob Caporale as group president. Caporale assumes this role after serving as head of corporate development for the past three years. Gen II is in the process of acquiring the private capital administration business of Crestbridge.
North Square moves to Ultimus
Ultimus Fund Solutions, a U.S.-based administrator, has been appointed by North Square Investments as fund administrator. As part of the mandate, North Square transitioned 12 mutual funds to Ultimus, which is now providing fund accounting, fund administration, transfer agency, shareholder servicing, distribution and compliance services.
Altum expands in Lux
Altum Group, the UK-based financial services provider, has been granted an Undertaking for Collective Investment (UCI) extension by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. This enables Altum to provide a fully integrated fund administration and transfer agency solution to alternative investment funds. This news follows the recent announcement of its agreed…
Jaid appoints CXO
Jaid, a provider of AI-as-a-service focused on client service automation, has appointed Lauren Hayes as chief experience officer. She was most recently head of client experience strategy and operations at FIS.
Northern Trust wins in Singapore
Northern Trust has been appointed by Chartered Asset Management Pte Ltd to provide custody, fund administration, foreign exchange and cash management services to the manager’s three funds constituted as Variable Capital Companies (VCCs). CAM was established in 1994 in Singapore, and is one of the 18 fund managers in the VCC Pilot Programme launched in…
New CRO for BNY Mellon
Hollis Merritt has joined BNY Mellon as chief risk officer for the asset servicing business, and chief risk officer for the UK. She joins from Northern Trust, where she spent 17 years, most recently as chief risk officer for EMEA.
Maddock joins MUFG
Gilbert Maddock has joined MUFG Investor Services as an executive director, business development, based in New York. He previously spent six years at Citi and has also worked for BNY Mellon.
BBH gets new sec lending chief
Brown Brothers Harriman has appointed Sarah Holmes as global head of securities lending. She joined BBH in 1995 and previously worked as chief administrative officer within BBH’s systems and technology division. Tom Poppey has assumed the role of head of product strategy in securities lending. In 2022 Marney McCabe, then co-head of global securities lending,…