HSBC has led a Series A investment round for Marketnode, the Singapore-based digital market infrastructure operator, alongside contributions from existing shareholder Temasek. The investment will be used to scale Marketnode’s platforms and realise the shareholders’ ambitions to develop a multi-asset ecosystem, starting in Asia-Pacific. Since 2020, HSBC and Marketnode have co-developed a digital market infrastructure…
Year: 2024
Archax integrates Fireblocks
Archax, the FCA-regulated digital asset exchange, broker and custodian, has expanded its custody service by integrating Fireblocks, the enterprise platform for building blockchain applications and managing digital asset operations, and is using the Fireblocks Network, a digital asset transfer platform for digital asset transactions and payment workflows. The integration enables Archax to effectively manage its…
State Street appoints head of sec finance
State Street has appointed Taryn Siglain as head of financing solutions. Siglain will lead State Street’s agency lending, prime services, and secured (repo) financing businesses. She succeeds Gino Timperio who will retire from State Street at the end of June, and will report to Tony Bisegna, head of Global Markets. Siglain joined State Street from…
Gen II appoints European RA head
Following the completion of its acquisition of Crestbridge, Gen II Fund Services has appointed Alex Le Quesne as head of real assets – Europe. He was head of governance services at Crestbridge.
Varys appoints FundRock for ADGM fund
Varys Capital has appointed FundRock Investment Management Services (ME) Ltd, the Apex-owned fund management company, to manage a feeder fund, Varys Capital Ventures (CEIC) Limited in the Abu Dhabi Global Market. Apex Fund Services (AD) Limited has been appointed as fund administrator.
Citco launches fails management service
Citco has launched a standalone, settlement-exception management service that may help to prevent trade fails. Æxeo FailSafe provides alternative asset managers with an overview of all pre-and post-settlement trading information for their funds across multiple brokers, without the need to review several reports or access multiple portals. Covering pre-and-post-settlement, Æxeo FailSafe provides consolidated oversight across…
BBH launches liquidity management tool
BBH has launched a liquidity management tool (LMT) for traditional and alternative funds, allowing asset managers to supervise multiple fund liquidity scenarios based on investor flows in a fully digital, customisable and controlled environment. LMT receives real-time transactional feeds and proactively notifies asset managers if their custom thresholds have been exceeded. LMT supports liquidity management…
Universal hires CTO
Universal Investment Group, the European fund services platform and Super ManCo, has appointed John Burns as its group chief technology officer and a member of the executive board, He joins from DWS Group, where he most recently served as global head of technology and operations.
MUFG completes Link deal
The acquisition of Link Group by Mitsubishi UFJ Trust & Banking Corporation has been completed. Under its new ownership, Link Group will be rebranded as MUFG Pension & Market Services, comprised of two business lines, MUFG Corporate Markets and MUFG Retirement Solutions. MUFG Retirement Solutions has recently opened an office in Hong Kong.
J.P. Morgan hires ETF SME
J.P. Morgan has hired Ciarán Fitzpatrick as global head of ETF product management, based in Dublin. He was previously at State Street.