Northern Trust has appointed Clive Bellows, currently head of EMEA Global Fund Services (GFS), as president, EMEA. The move is pending regulatory approval. Bellows will succeed Teresa Parker, who plans to retire at midyear, following a 42-year career at Northern Trust. Upon taking the EMEA president role, Bellows will join Northern Trust’s management group and…
Year: 2024
BNPP wins Indeval U.S. mandate
BNP Paribas has been appointed by Indeval as its local custodian for the U.S., representing USD60bn of assets. Indeval is the Mexican CSD, responsible for trades on the Mexican Stock Exchange and money market instruments. It is owned by the Mexican Stock Exchange (Grupo BMV). In 2018 Citi was appointed as custodian and tax services…
MUFG reaches USD1trn AuA, but…
MUFG Investor Services has issued a press release that can only be described, at best, as economical with the truth. In announcing that AuA has surpassed USD1trn, MUFG claims that it is a “global leader” in asset servicing and one of the largest fund administrators in the world, neither of which stands up to scrutiny.…
Ocorian completes Bovill deal
Ocorian, the C.I.-based provider of financial and corporate administration services, has completed the acquisition of Bovill, a UK-based specialist regulatory consultancy. Bovill is a global financial services regulatory partner to over 580 clients with offices in the UK, Singapore, Hong Kong and the U.S. Bovill’s team of over 80 specialists will combine with Newgate, Ocorian’s…
SEI appointed as trustee for Pictet CITs
SEI Trust Company will serve as trustee for four collective investment trusts (CITs) established by Pictet Asset Management for the U.S. institutional retirement market. Pictet Asset Management manages USD237bn globally.
Altum hires from Apex
Altum, the C.I.-based administrator, has hired Marian Suguitan as a director in the funds & institutional business, based in Jersey. She was previously at Sanne, which was acquired by Apex in 2022.
JTC hires UK & Ireland regional head
JTC, the C.I.-based administrator, has appointed Melanie Herbert as the regional head of UK & Ireland for its institutional client services division. She joins from Aztec Group, where she was jurisdictional head of private equity.
Suntera hires M&A head
Suntera Global, the C.I.-based administrator, has appointed James Harries as head of M&A. Before joining Suntera, he worked at a payments and software business. Recent M&A deals for Suntera have included the acquisitions of Guernsey-based Carey Commercial Limited, Socium Fund Services in the U.S., and Nedgroup Trust in Guernsey and Jersey, following the acquisition of…
Northern Trust hires from BNY Mellon
Jacquelynne Anderson has joined Northern Trust to head relationship management for the asset owners business line, based in London. She was most recently at BNY Mellon, where she spent more than 12 years, both in UK and South Africa.
GemCap promotes for COO role
GemCap, the Ireland-based administrator, has promoted Sinéad Sheehan to COO for Gemini Capital Management (Ireland) Limited. Reporting to Conor Hoey, CEO, she will manage the day-to-day operations of the company. She has been at GemCap for five years.