BBH has launched enhancements to its TA capabilities. The latest developments enhance the global service model with: New UK investor servicing capabilities in partnership with Cashfac. This partnership allows BBH to support a broader range of UK products on the existing platform and reduces operational and regulatory complexity for asset managers on the CASS regime.…
Month: November 2024
NatWest supports Beechbrook’s latest fund
NatWest Trustee and Depositary Services has been appointed as depositary provider for Beechbrook Capital LLP’s latest fund in its non-sponsored strategy, UK SME Credit IV LP. Beechbrook, a specialist direct lender founded in 2008, invests in the lower-mid market/SMEs across a range of industries in the UK and Europe through two separate debt strategies.
BNY hires for D&A
BNY has hired two senior managers for its data & analytics business. Jay Hinton joins from Forge as global head of product, and Muthian Ratinasabapati joins from AWS as global head of services.
Phoenix deploys Allvue
Phoenix Fund Services Group, LLC, a woman and minority owned and led fund administration provider, has selected Allvue Systems to enhance its fund administration services. Phoenix is now live with Allvue’s fund accounting and investor portal solutions.
BNY expands in ADGM
BNY has been granted a category 4 licence by the Financial Services Regulatory Authority for the Abu Dhabi Global Market. This increased offer will include custody and administration of collective investment funds, inter alia.
FundBank granted U.S. licence
FundBank, a bank for alternative asset managers, has been approved by the U.S. Department of the Treasury’s Office of the Comptroller of the Currency to operate a national bank. FundBank, N.A. is headquartered in Texas, with a relationship management office in New York. The bank will begin operations with a limited number of initial clients…
Euroclear hires CFO
Euroclear has appointed Nils Jean-Mairet as CFO, completing the ExCo under the new group CEO, Valérie Urbain .He joins from McKinsey & Company where he most recently led the European financial services principal investors practice. He succeeds Bernard Frenay, who has been appointed to a newly established role as the CEO of European Assets.
Liontrust expands with BNY/Aladdin
Liontrust, the UK-based asset management company with GBP26bn AuM (USD33bn), has strengthened its data management, delivery and analysis through the implementation of an enterprise portfolio management system that is integrated with a new data ecosystem. The new technology solution improves investment and risk tools, enables productivity gains and enhances the information supplied to Liontrust’s investment…
Northern Trust upgrades with CloudMargin
Northern Trust has launched an enhanced active collateral solution designed to help institutional investors manage their collateral more efficiently while meeting the demands of market change. The capability, delivered in collaboration with CloudMargin, a collateral management fintech, will provide enhanced service capabilities, increased transparency on a real-time basis and platform resiliency. This includes automated asset…
Ultimus hires senior managers
Ultimus Fund Solutions has hired several new senior managers. Jessica Chase joins as SVP, relationship management. She was previously at Apex. Lance Christofferson joins from SS&C as SVP, retail alternatives transfer agent. Kerric Kynard joins from ACA Group as SVP, business development. Jennifer Myers joins from Citi as SVP, fund accounting.