Northern Trust has appointed Olivier Noël as country head of Luxembourg and leader of its Luxembourg-based asset servicing business. He replaces Steve David, who left to join FundBank. Noël also assumes the position of CEO of Northern Trust’s European Union (EU) bank, Northern Trust Global Services SE, following approval by its board. He will become…
Year: 2024
Foley makes partner at BBH
Orla Foley is amongst six new general partners announced by BBH. Foley joined BBH in 1997 and is currently global head of relationship management for investor services, based in Boston.
SAMI consolidates with NTRS
Sanlam Asset Management (Ireland) Limited (SAMI) has appointed Northern Trust to provide fund administration, transfer agency, custody, depositary and FX services. SAMI is an investment management platform managing funds domiciled in Ireland valued at USD8.7bn. It is part of the Sanlam financial services group headquartered in South Africa. Northern Trust is now the sole provider…
BNPP appoints new head of APAC M&FS
BNP Paribas has appointed Benoit Uhlen as APAC head of market & financing services. Based in Hong Kong, he is responsible for further strengthening securities services’ M&FS offering in APAC, including securities lending, FX, triparty collateral management and financing. Uhlen has worked for BNPP’s securities services for more than 25 years.
ROYC selects LemonEdge
LemonEdge, the UK-based fund accounting and administration solution for private markets, has signed a deal with ROYC (Return on Your Capital), which has chosen LemonEdge as its back-end accounting solution. Headquartered in Sweden, ROYC is a B2B digital solution providing a one-stop shop for private market investments. ROYC services private wealth advisors and asset managers.
Napier secures new funding
Napier AI, the UK-based financial crime compliance regtech, has received a GBP45m (USD57m) investment from Crestline Investors, Inc., a US based, credit-focused institutional alternative asset manager. Napier AI is a provider of AI-enabled financial crime and regulation technology compliance software, providing AML solutions across the banking, payments and wealth & asset management industries.
FHLBank signs with SimCorp
SimCorp, the Deutsche Börse-owned investment management fintech, has signed an eight-year agreement with the Federal Home Loan Bank of Pittsburgh (FHLBank) to provide front-to-back installation of its investment management platform, SimCorp Dimension. FHLBank has selected SimCorp’s platform to streamline workflows, facilitating the retirement of multiple legacy technology solutions.
Alter Domus partners with T-REX
Alter Domus, the Luxembourg-based administrator, has partnered with fintech firm T-REX to enhance data management capabilities and automate regulatory reporting. U.S. credit asset managers will be the first to take advantage of the automation, streamlining ESMA reporting. T-REX’s technology will automate data pipelines from all parties, including issuers, servicers, agents and trustees, standardising formats and…
Lunate appoints BNY Mellon
Lunate Capital, the Abu Dhabi-based alternative investment manager with >USD50bn AuM, has appointed BNY Mellon as administrator, transfer agent and global custodian for all its funds. In 2023 Lunate and BNY Mellon invested in a new company, Alpheya, that will develop a wealth management technology platform for wealth and asset managers in the Middle East…
Vistra hires global head of funds
Vistra, the Singapore-based fund services provider, has appointed Abdel Hmitti as managing director and global head of funds. He reports to William Douglas, Vistra’s chief commercial officer, and intends to relocate to the U.S. later this year. Hmitti will lead Vistra’s funds business, overseeing the teams responsible for commercial, relationship management, product development, and digital…