SimCorp has hired Jason Pietrafitta as head of customer success for Asia Pacific, based in Singapore. He was previously at CRD, a State Street company.
Year: 2024
JTC to acquire Citi Trust
JTC, the C.I.-based services provider, plans to acquire Citi Trust, the global fiduciary and trust administration services business, from Citigroup. Citi Trust provides trust solutions from New York, Delaware, South Dakota, Jersey, Singapore, Switzerland and the Bahamas. Total AuA serviced by Citi Trust is >USD70bn across over 2,000 UHNW client relationships, with an average tenure…
ZEDRA appoints deputy CEO
ZEDRA, the Switzerland-based services provider, has appointed Dean Blackburn as deputy CEO. He joins from JTC, where he began in 2019 as group director to the CEO’s office. He later served as JTC’s chief commercial officer before taking up the group head of institutional client services role in 2022.
Northern Trust launches carbon credits trading platform
Northern Trust has launched the Northern Trust Carbon Ecosystem with the first live transactions on the blockchain-based platform which enables institutional buyers to digitally access carbon credits from leading project developers. The transactions were initiated by Water Recovery Systems IP Limited and CUT Carbon Distributed Technologies AG, which sold carbon credits to institutional buyers for…
SS&C to acquire Battea
SS&C has signed a definitive agreement to acquire Battea-Class Action Services, LLC, a provider of securities class action claims management and settlement recovery services. The purchase price is c. USD670m, subject to certain adjustments. Battea helps more than 900 banks, asset managers hedge funds and proprietary trading firms to receive the maximum distribution of entitled…
Northern Trust launches APAC FI desk
Northern Trust has launched its Integrated Trading Solutions fixed income outsourced trading capability in APAC, provided through Northern Trust Securities in Australia. Northern Trust now offers 24/6 fixed income trading coverage from desks based in Chicago, London and Sydney.
Ultimus partners with Cascata
Ultimus LeverPoint Private Fund Solutions, which services nearly 220 alternative managers with USD235bn AuA, has formed a partnership with Cascata Solutions, the provider of automated distribution waterfall and management solutions, to launch uWaterfall. uWaterfall elevates carried interest and fee management through data transfer, automated high-precision waterfall calculations, and full-formula transparency.
Kohli joins Pirum
Pirum, the UK-based fintech focused on securities finance and collateral management, has appointed Amit Kohli as EMEA key account management director. He joins from KPMG, where he helped to build the firm’s capital markets consulting business.
IQ-EQ hires for UAE
IQ-EQ has appointed Joe Ives as commercial director in the UAE. He previously worked at TMF and, briefly, CBD Corporate Services.
Northern Trust makes senior management changes
Northern Trust has announced a number of leadership changes, effective Oct. 1, 2024. Pete Cherecwich, president of asset servicing, will become chief operating officer. In this newly created role, Cherecwich will focus on ensuring operational excellence and resiliency, effective risk management and controls, and scalable growth. Teresa Parker will defer her previously announced retirement and…