Pirum, the fintech for securities finance automation and collateral management, has hired Rhys Chapman as global customer success director, overseeing customer success, client services, and client onboarding. Based in London, Chapman joins from Rimes.
Year: 2025
Brickwood appoints NTRS
Northern Trust has been appointed by Brickwood Asset Management, a UK asset management firm launched in 2024, to provide asset servicing solutions across front, middle and back-office functions. Solutions to be provided include Northern Trust’s investment data science partnership with Equity Data Science, as well as outsourced trading via Integrated Trading Solutions and a range…
State Street to acquire Mizuho businesses
State Street has agreed with Mizuho Financial Group, Inc. to acquire Mizuho’s global custody and related businesses outside Japan. These businesses support the overseas investments of Mizuho’s Japanese clients. Mizuho currently operates its global custody and related business outside Japan through its local subsidiaries Mizuho Trust & Banking (Luxembourg) S.A., owned by Mizuho Trust &…
Maples advises on new fund
Maples and Calder, the Maples Group’s law firm, has advised on the launch of the Daiwa Blackstone Infrastructure Fund. The fund, which was recently launched, is structured as a Cayman Islands unit trust and is authorised for public offering in Japan. The fund is managed by IQ-EQ Fund Management (Ireland) Limited, IQ-EQ’s Irish fund management…
HGGC buys into Centralis
HGGC, a middle-market private equity firm, is to become the majority investor in Centralis, the Luxembourg-based alternative asset and corporate services provider. The deal is expected to close later in 2025, subject to customary closing conditions. Terms of the transaction were not disclosed.
Generation Life appoints Northern Trust
Northern Trust has been appointed to provide global custody and valuation reporting services for Generation Life, an Australian life insurance company. Northern Trust will provide support to AUD1.5bn (USD950m) of Generation Life’s portfolio assets, including domestic and international equities, bonds, FX, and SICAVs.
IFDS to be restructured in Europe
State Street and SS&C Technologies plan to restructure the European component of their International Financial Data Services (IFDS) LP joint venture arrangement in Luxembourg and Ireland, following an almost 20-year collaboration. Under this plan, transfer agency services delivered by IFDS in Ireland and IFDS in Luxembourg will transition into each organisation’s respective operations. State Street…
SS&C wins in Singapore
Arrowpoint Investment Partners, Singapore’s new multi-strategy hedge fund investment firm, has selected to administer its multi-strategy fund. The fund currently leverages 18 portfolio managers in Hong Kong and Singapore across various strategies.
Zedra appoints Cayman MD
Zedra, the European administrator, has appointed David Mungall as managing director of the Cayman Islands. Based in Grand Cayman, he was most recently head of fund administration, Cayman at Trident Trust.
Euroclear connects with BBH
BBH has partnered with Euroclear to provide SWIFT message transformation and network connectivity for its new bilateral repo service. To effectively communicate with custodians across inter-dealer markets, Euroclear is deploying BBH Infomediary Data Solutions, a set of data management capabilities that help financial institutions overcome their operating model challenges across their network of providers. The…