Apex Group, the Bermuda-based administrator, has appointed Valerie Mantot-Groene as head of APAC. Based in Singapore, she joins from SANNE and reports to the global head of fund solutions, Srikumar T.E. She replaces Maggie Chan.
Richard
SS&C to acquire Innovest for USD120m
SS&C has entered into a definitive agreement to acquire Innovest Systems for USD120m. New York-based Innovest builds systems for trust accounting, payments and unique asset servicing. The parties expect that the transaction will close in Q2 2020. The acquisition adds more than 150 full-time employees in New York, California, and Texas. Innovest’s flagship product, InnoTrust,…
U.S. Bank hires seniors for CLO and O&T roles
Two new hires for U.S. Bank. Sean Kelley joins as head of collateralized loan obligation data analytics and research, based in Chicago. Most recently, he built and managed the CLO infrastructure at PPM America, Inc. Darren Hodges comes in to lead the global trust technology and support services custody operations team, based in Milwaukee. Hodges…
SGSS makes two sales appointments in UK
Société Générale Securities Services has appointed Stewart Gladstone as head of segment & solutions for banks and financial intermediaries, and Steve Gutowski as director of sales and relationship management for broker dealers. Based in London, they report locally to Matt Davey, head of coverage, marketing & solutions for SGSS UK, and functionally to Gildas Le…
Northern Trust partners with IdealRatings for ESG analytics
Northern Trust has partnered with IdealRatings to enhance its analytical capabilities for investors’ environmental, social and governance (ESG) risk exposures. The ESG Analytics Summary provides investors with periodic snapshot analysis across their equity and corporate bond portfolios, setting out investment scores against a range of ESG factors, UN global compact principles and business activity flags.
SMP to buy RBC Corporate Services in Hong Kong
The SMP group of companies, a global professional and financial services group based in the Isle of Man, has agreed to acquire RBC Corporate Services Hong Kong Limited, a division of RBC Investor & Treasury Services. The transaction is subject to regulatory approval. The deal is supported by Palatine Private Equity LLP, a UK private…
Lester Owens moves to Wells Fargo from BNY Mellon
Lester Owens is to join Wells Fargo in the newly created role of head of operations. Owens, who joins Wells Fargo in late July 2020, will report to COO Scott Powell and will sit on the company’s operating committee. Owens joined BNY Mellon from J.P. Morgan at the end of 2018 as head of operations.
HI HO SILVER LINING: Asset values may have dropped off a cliff, but inserv administrators see opportunities in the midst of the pandemic
The trust banks enjoyed the first quarter of 2020. FX earnings were up across the board as volatility returned. After a generally undistinguished 2019, the banks bounced back in Q1 2020. But how is the rest of the year going to play out? When your social and business lives are conducted through Zoom, Teams, FaceTime…
Northern Trust hires Alison Pain as CTO for EMEA
Northern Trust has named Alison Pain as chief technology officer (CTO) for Europe, Middle East & Africa. Based in London, Pain will lead the planning, organisation, direction and control of the enterprise technology business unit across EMEA. She reports to Tom South, chief information officer at Northern Trust, with a local reporting line to Teresa…
MUFG IS hires Fabrice Mas to head PERA in Luxembourg
MUFG Investor Services has appointed Fabrice Mas as head of private equity & real assets in Luxembourg. Mas will be based in MUFG’s Luxembourg office and will report to David Rochford, global head of hedge funds and PERA. Mas joins from TMF Group, where he was head of fund administration and shareholder services.