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…
Year: 2024
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.
Universal hires chief product officer
Universal Investment Group, the Europe-based fund services platform and Super ManCo, has scored a major coup with the appointment of Ronan Doyle as chief product officer. Doyle joins from CACEIS, where he was global head of product management, based in Dublin, having transferred from RBC following the takeover. U-I has also promoted André Jaeger to…
BBH partners with BestX
BBH has partnered with BestX, the State Street-owned FX TCA vendor, to provide its currency administration platform users with independent TCA. This will improve transparency through independent execution analysis, adding to BBH’s existing FX hedging solutions, which include multi-bank agency execution and performance analytics.
Brown Advisory selects SEI ETF platform
Brown Advisory has selected SEI’s Advisors’ Inner Circle Fund series trust as its operational platform to launch the Brown Advisory Flexible Equity ETF, the firm’s first ETF. The ETF was created through the conversion of taxable SMAs.
Apex partners with 1fs Wealth
1fs Wealth, a UK-based global wealth intelligence provider, has established a strategic partnership with Apex. 1fs Wealth’s AI-driven platform enables wealth owners to consolidate their assets, control risk, manage ownership and derive insights around their portfolio. Through the partnership, Apex clients will have access to 1fs Wealth’s digital infrastructure, which has the potential to help…
Taskize appoints CEO
Taskize, the Euroclear-owned fintech, has appointed Diederik Geeraerts as CEO. He was most recently, global head of client service within Euroclear Bank and deputy branch manager of Euroclear’s Poland branch office. James Pike, currently Taskize’s interim CEO, will assume the role of chief revenue and business strategy officer. He replaced Philip Slavin, who decided to…