FNZ, the end-to-end global wealth management platform, has appointed a new senior management team following the decision of Adrian Durham, FNZ’s founder, to transition from his role as group CEO to a non-executive role as founding director and senior advisor. He will continue to sit on the group board and will remain a significant shareholder…
Category: Bank Providers
NTRS adds energy to platform
Northern Trust has upgraded its platform to support asset managers who trade spots, forwards, futures and physical contracts in energy and physical commodities. The new energy and physical commodities offering will be available through Omnium, Northern Trust’s middle office and accounting platform.
NDF appoints Northern Trust
The National Development Fund (NDF) has appointed Northern Trust in Saudi Arabia as custodian. Northern Trust will support consolidation of the assets and books and records of all development funds and banks in the Kingdom of Saudi Arabia under a unified portfolio estimated at more than SAR60bn (USD16bn). The NDF was established to improve the…
State Street signs with Taurus
State Street has signed an agreement with Taurus SA, the Switzerland-based provider of digital asset infrastructure, to deliver digital assets capabilities for State Street’s clients. Subject to receipt of applicable regulatory approvals, State Street will leverage Taurus’ custody, tokenisation and node management solutions to automate the issuance and servicing of digital assets, including digital securities…
Nedgroup Investments selects Northern Trust
Northern Trust has been selected to provide outsourced trading via its Integrated Trading Solutions (ITS) for Nedgroup Investments, a global asset management firm with >USD20bn AuM. Nedgroup Investments is a division of Nedbank Group Ltd. Northern Trust will support Nedgroup Investments’ new in-house multi-boutique platform which specialises in fixed income. The premier fund on the…
JTC acquires Buck businesses
JTC, the C.I.-based professional services provider, plans to acquire the Buck UK and European share plan administration and trustee businesses (Buck Share Plans) from Arthur J. Gallagher & Co, a global insurance brokerage, risk management and consulting services firm. Completion is subject to regulatory approvals. The acquisition will add 16 employees based in the UK,…
BNY adds global head of marcom
BNY has appointed Steve James as global head of marketing and communications. He reports to Jayee Koffey, head of enterprise execution and chief corporate affairs officer at BNY. He joins BNY from Fannie Mae. Natalie Sunderland, who was chief marketing and communications officer, is leaving the firm. BNY also has a chief communications officer, Garrett…
State Street promotes Ambrosius
State Street has appointed Joerg Ambrosius as president of investment services, State Street’s largest business. He will retain his current duties as chief commercial officer. The role has been vacant since COO & president Lou Maiuri left at the start of 2024.
State Street launches Sharia services
State Street now offers Shariah-compliant global custody and fund administration services following the attainment of a Shariah-compliant certificate from Amanie Advisors Sdn. Bhd, a Shariah advisory firm.
JTC hires for Ireland
JTC, the C.I.-based administrator, has appointed Lloyd Collier as a senior director responsible for the growth of its institutional client services business in Ireland. Prior to joining JTC, Collier spent two decades with BNY.