State Street has appointed Benjie Fraser as the regional segment head for asset owners in EMEA. Fraser led the global pensions practice at J.P. Morgan, and has previously worked in sales roles for BNY Mellon and State Street.
Category: J.P. Morgan
J.P. Morgan deploys DLT for first intraday repo trade
J.P. Morgan has completed a live, blockchain-based intraday repo transaction. The transaction was conducted between J.P. Morgan’s broker/dealer and banking entity, using an in-house developed blockchain application which supported instantaneous settlement and maturity of the transaction in hours, as opposed to days. Using blockchain enables borrowers and lenders to execute shorter-term, intraday repo transactions with…
Northern Trust hires Caroline Hwang to lead client services in Hong Kong
Northern Trust has appointed Caroline Hwang to lead client services for its asset servicing business in Hong Kong, Macau and Taiwan. Hwang is responsible for managing Northern Trust’s client service team for institutional asset owners as well as developing and implementing strategy across these markets. Based in Hong Kong, Hwang reports to Michael Wu, country…
J.P. Morgan chooses H4 to improve document management
J.P. Morgan has chosen H4 to help improve the client contract onboarding experience, reuse data contained in documents, and build a digital library. H4 and J.P. Morgan have piloted the new documentation platform in the global custody business, with a view to rolling it out across the securities services business. In May 2020, J.P. Morgan…
Saphyre adopted by J.P. Morgan and BlackRock
J.P. Morgan Securities Services and BlackRock have adopted Saphyre’s platform to digitise the account opening workflow, eliminating manual processes, improving scalability and enabling buy-side clients to be ready to trade more quickly. Saphyre’s technology provides BlackRock and other buy-side firms with an efficient process for opening accounts with custodians and broker-dealers. Saphyre is a U.S.-based…
Fir Tree Partners selects Arcesium for MO & BO support
Fir Tree Partners, a private investment firm based in New York, has selected Arcesium‘s integrated technology platform and services solution to support its operational model. Arcesium’s platform will provide Fir Tree with a single repository to manage all of its middle and back office workflows, including reconciliation, portfolio analytics, data management, treasury, and cash functions.…
BNY Mellon adds senior talent across asset servicing business
BNY Mellon has made some significant hires across its asset servicing business. Mark McKeon joins as global head of front-to-back solutions, based in Dublin. He is charged with expanding asset servicing’s front-to-back solutions platform globally, connecting the front, middle and back office to deliver a seamless platform for clients. His remit will include OMS partnerships,…
Intertrust hires J.P. Morgan’s Whaley to head Lux fund client service
Intertrust Group had added three managers to its Luxembourg client service team. Allison Whaley comes in as head of fund client service in Luxembourg, responsible for the overall client experience. Prior to joining Intertrust, Whaley was with J.P. Morgan for six years in London where she was global head of funds custody. She has also worked at Citco Fund…
BNY Mellon hires Caroline Butler as global head of custody
BNY Mellon has hired Caroline Butler as global head of custody, reporting to Roman Regelman, head of asset servicing & digital. She will be based in New York. Butler spent nearly two decades at J.P. Morgan, where she was most recently head of global custody product for the Americas. She replaces Tom Casteleyn, who is…
J.P. Morgan forms alliance with Bloomberg
J.P. Morgan Securities Services and Bloomberg have formed an alliance that brings together Bloomberg AIM, an investment and order management system, with J.P. Morgan’s back-office technology. The offering is now live and in production with the first joint client and is being made available to other buy-side clients.