U.S. Bank Investment Services has joined the latest fundraising round by Versana, a fintech focused on the syndicated loan market. As a leading trustee, particularly for CLOs, which make up 70pct of the institutional loan market, U.S. Bancorp is Versana’s first buyside-focused investor, which Versana hopes will assist in creating a network effect with the…
Year: 2023
U.S. Bank hires GFS president
U.S. Bank has appointed Jay Martin as president, global fund services. Martin will join the senior leadership team of U.S. Bank’s Wealth Management and Investment Services (WMIS) division. He will be based in Milwaukee. The position has been vacant since Joe Neuberger left in late 2022. Christine Waldron, chief product officer for WMIS, has been…
Enfusion partners with Qontigo
Enfusion, a provider of cloud-native SaaS solutions for investment managers, has formed a partnership with Qontigo, the provider of Axioma Risk, an enterprise risk management solution, to expand Enfusion’s risk capabilities. Axioma Risk adds exposure measurement, multi-factor risk models, scenario analytics, risk attribution, and a comprehensive VaR framework across all major asset classes and trading…
Deely joins SEI in global role
Michele Deely has joined SEI as head of global solutions, based in Ireland. She was most recently at Coremont, and previously spent 17 years at IFS/State Street.
Arcesium launches data platform
Arcesium, the fintech in which J.P. Morgan holds a stake, has launched Aquata, an “out-of-the-box” data platform. Aquata is engineered to support various client types, including institutional asset managers, private markets investors, custodians, fund administrators, prime brokers, and hedge funds, to manage their investment data. With Aquata’s pre-built data models and connectors, combined with its…
OMMM converts to new Confluence platform
Old Mutual Multi-Managers has completed the conversion to Confluence’s cloud-based Revolution Performance solution, gaining greater operational efficiency and ease of use in performance and attribution reporting. A long-standing client, OMMM, a member of Old Mutual Group, has used Confluence’s legacy performance and analytics platform as an integral component of its data strategy. A cloud-native solution,…
Accelex appoints CCO
Accelex, a fintech with an SaaS platform specialising in alternative investment data acquisition, reporting and analytics, has appointed David Watts to its management team as chief commercial officer, reporting to Michael Aldridge, president and chief revenue officer. He was most recently CRO and global head of research at CreditSights before it was sold to Fitch…
PolySign hires new CTO
PolySign, a U.S.-based provider of blockchain-enabled digital asset infrastructure for institutional investors, has appointed Chuck Ocheret as its new chief technology officer, based in New York. He was previously CTO at Symbiont. The PolySign family of products includes MG Stover and Standard Custody & Trust Co. MG Stover is an alternatives fund administration firm, whilst…
TMF to acquire GFM in Ireland
TMF Group, the Netherlands-based provider of compliance and administrative services, is to acquire Goodbody Fund Management, part of Goodbody Stockbrokers, one of Ireland’s leading financial services firms. Completion of the transaction is subject to regulatory approval. In operation since 2013, GFM and the property investment management team provide fund solutions to AIFs and UCITS, as…
Clearwater appoints first CRO
Clearwater Analytics, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, has appointed Scott Erickson as the company’s first chief revenue officer. He will now oversee Clearwater’s sales efforts in Europe, Asia, and the Americas. This is an internal promotion.