State Street has hired Bob Dollard as head of U.S. asset owner relationship management. He reports to Rob Baillie, the recently appointed head of North American asset owners. Dollard joins from BNY Mellon, where he was U.S. segment head for the public fund, Taft-Hartley, and the outsourced business.
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MEAG executes bond trade in China via HSBC
MEAG, the asset manager for Munich RE and ERGO, has become the first German investor to execute a bond trade in the Chinese capital market via Bond Connect. HSBC in Germany enabled settlement of the underlying transaction as well as the related FX. Tradeweb was used as the electronic trading system to execute the transaction…
IQ-EQ hires Cecilia Cheung as HK country head
Cecilia Cheung has joined IQ-EQ (formerly SGG Group) as country head of its Hong Kong business. She will also serve as a member of the Asia executive leadership team. Before joining IQ-EQ, Cheung was country head for SANNE in Hong Kong.
BNY Mellon CEO Scharf moves to Wells Fargo
Charles Scharf has been appointed president and CEO of Wells Fargo. Scharf is leaving his job as chairman and CEO of BNY Mellon, which he joined in 2017. BNY Mellon has announced that Todd Gibbons, vice chairman and CEO of clearing, markets and client management, has been appointed as interim CEO and a member of…
CUNA Mutual selects SS&C Precision LM for loan admin
CUNA Mutual Group has selected SS&C Precision LM to streamline the origination, servicing, accounting, asset management and regulatory reporting of its commercial mortgage loan portfolio.
GSAM appoints BNY Mellon for European ETF admin
Goldman Sachs Asset Management has appointed BNY Mellon to provide asset services for its newly launched European UCITS ETF fund range. In addition to BNY Mellon’s ETF solutions supporting order management, PCF production and AP servicing, it will also provide fund accounting, transfer agency, depository, custody, paying agent and common depository. GSAM launched its first…
SGSS appoints Matt Davey to senior UK role
Société Générale Securities Services has appointed Matt Davey as head of coverage, marketing and solutions (CMS) UK, a newly created role. He is based in London and reports to Christophe Baurand, global head of CMS, and to Bertrand Blanchard, head of SGSS UK. Davey was previously head of business solutions, based in Paris, and will…
SGSS hires Harold Keller from CACEIS as head of sales & RM in Germany
Société Générale Securities Services has appointed Harold Keller as head of sales & relationship management in Germany. He replaces Jochen Meyers, who has left the group. Keller was previously head of asset owners and managers for CACEIS in Germany. He will focus on expanding strategic partnerships with institutional investors in the German-speaking region, reporting locally…
Northern Trust hires three for product & bus dev teams in UK
Northern Trust has made three London-based appointments across its institutional product and business development teams: Howard Rapley has been appointed global product lead, securities services, responsible for the strategy and capabilities supporting client assets held by Northern Trust. These include safekeeping, settlement, income, corporate actions and tax reclamation services. Rapley spent two decades with Citi…
IMF Bentham appoints SS&C GlobeOp for closed-end fund
IMF Bentham Cayman Advisory Services Ltd, a subsidiary of Australia-headquartered IMF Bentham Limited, has appointed SS&C GlobeOp to administer its newly launched USD500m closed-end fund that was established to underwrite non-US disputes around the world. IMF is a global dispute resolution funder. A current client, IMF appointed SS&C GlobeOp to provide fund administration, AML services…