J.P. Morgan has reported an 11pct YoY drop in AuC, from USD32.1trn to USD28.6trn. Securities services revenue rose by 6pct compared to 2Q21.
Category: J.P. Morgan
Ocorian hires global head of investor services
Ocorian, the C.I.-based provider of corporate, fiduciary and fund services, has appointed Don Ross as global head, investor services. He will report to Ocorian’s head of global funds, Garrett Breen. Ross was previously at J.P. Morgan, and has also worked for Quintillion.
State Street Digital hires senior tech managers
State Street Digital has appointed Rob Otter as head of blockchain engineering and Nitin Gaur as digital technology strategy lead. Otter, based in London reports to Aman Thind, chief technology officer of State Street Digital. Gaur, based in Austin, Texas, will report to Otter. Otter joins State Street from JPMorgan Chase, where he was CTO…
J.P. Morgan launches data platform
J.P. Morgan’s securities services business has launched Fusion, a data platform that delivers end-to-end data management and reporting solutions for institutional investors. Fusion will allow clients to integrate and combine data from multiple sources into a single data model that delivers the benefits of scale and reduced costs, along with the ability to more easily…
J.P. Morgan hires senior RBC manager
Dave Scanlan has joined J.P. Morgan as executive managing director, fund services EMEA operations, based in Dublin. Scanlan joins from RBC Investor & Treasury Services, where he spent more than eight years, most recently as global head of specialist product services. His move follows the recent departure of Padraig Kenny, formerly the head of RBC’s…
Saphyre completes fundraising round
Saphyre, Inc., a U.S.-based fintech that leverages patented AI technology to structure all pre-trade data while eliminating post-trade inefficiencies, has completed its Series A round of USD18.7m, led by HCAP Partners, with J.P. Morgan and BNP Paribas participating in the round.
Ultimus hires for PE sales
Ultimus LeverPoint Private Fund Solutions has hired John Lumley as an SVP responsible for new business across the alternative investment practice, with a focus on private equity administration. He joins from J.P. Morgan.
Michelle Butler joins J.P. Morgan
After several months of gardening leave, Michelle Butler has joined J.P. Morgan as head of sales, UK & Ireland, for its securities services business. Butler spent 13 years at HSBC, most recently as Europe head of business development & client management for its securities services business.
Arcesium opens in Delhi
Arcesium, the U.S.-based administrator that claims to have USD675bn AuA, has expanded its India-based operations with a new office in Delhi NCR. The Delhi office will initially have over 300 employees and is expected to triple in size to 1,000 employees over the next two years. The office will be located in DLF Cyber Park,…
Sandie O’Connor joins BNY Mellon’s board
BNY Mellon’s board of directors has elected Sandie O’Connor as an independent director. With the addition of O’Connor, the board will have 13 directors, 12 of whom are independent. O’Connor retired as the chief regulatory affairs officer for JPMorgan Chase, where she set the firm’s regulatory strategy and led engagement with G-20 policymakers. Prior to…