AXA Investment Managers has appointed HSBC as sole global custodian and depositary for its UK UCITS fund range, covering 36 funds and GBP12.6bn (USD17.1bn) AuM. The AXA IM UK UCITS range consists of AXA IM Framlington Equities active funds, AXA IM Rosenberg Equities quantitative investment funds, as well as funds from AXA IM’s fixed income,…
Category: Bank Providers
BP2S makes two senior offshore sales appointments
BNP Paribas Securities Services has made two business development appointments for its offshore business. Linda Lamri is appointed head of sales for Luxembourg. She joined BNP Paribas Securities Services in 2003 and was most recently head of relationship management for Luxembourg. She will report to Robert Van Kerkhoff, head of Luxembourg and Ireland. Joy Kiely…
CACEIS deploys Broadridge’s SRD II solutions
In response to new regulatory obligations under the updated Shareholder Rights Directive (SRD II), CACEIS in Germany has selected Broadridge to provide solutions for SRD II. CACEIS is using Broadridge’s enhanced global proxy voting platform for its German domestic and cross-border custody operations, The bank is also using Broadridge’s new shareholder disclosure hub, both in…
J.P. Morgan strikes deal with Abel Noser for TCA
Nearly 20 years after its disastrous foray into the transaction cost analysis business, J.P. Morgan has struck a deal with Abel Noser Solutions, a multi-asset TCA provider. Abel Noser’s analytics will be integrated into J.P. Morgan’s platform, providing asset owner and asset manager clients with a multi-asset post-trade TCA solution. In 2002 J.P. Morgan acquired…
L&G expands relationship with State Street
Legal & General Investment Management (LGIM) is extending its existing partnership with State Street by expanding its usage of Charles River technology and to deliver middle office servicing. LGIM says that the appointment of State Street, as well as the expansion of its use of Charles River technology across a number of its investment management…
Grayscale adds BNY Mellon as key servicing provider
Grayscale Investments, the world’s largest digital currency asset manager with >USD30bn AuM, has selected BNY Mellon as an asset servicing provider for Grayscale Bitcoin Trust, its flagship product. BNY Mellon will provide Grayscale Bitcoin Trust with fund accounting and administration effective October 1, 2021. Additionally, it is anticipated that BNY Mellon will provide transfer agency…
J.P. Morgan arrives late to data party
Significantly behind all its major competitors, J.P. Morgan’s securities services division is setting up a new data solutions business. Gerard Francis, who was head of enterprise data solutions at Bloomberg, will head the business, reporting to Teresa Heitsenrether, global head of securities services.
FAB and State Street form MENA alliance
First Abu Dhabi Bank and State Street have formed a strategic alliance that combines FAB’s regional securities services expertise, incorporating the largest direct custody network in the Middle East and North Africa (MENA), with State Street’s global footprint. The alliance will create a full-service offering for institutional investors in the region. It will provide MENA…
Manaos onboards two ESG data providers
BNP Paribas Securities Services’ ESG marketplace, Manaos, has onboarded two new partners – Util and V.E., part of Moody’s ESG Solutions – to supplement its sustainability data and analytics offering. Now live on Manaos, Util’s machine learning models quantify the degree to which every listed company positively and negatively impacts the 17 UN SDGs and…
NPS renews agreement with State Street
The National Pension Service of Korea, the world’s third largest pension fund, has renewed its service agreement with State Street, which will continue to provide back-office and middle-office services for the NPS’ global equity and alternatives portfolios which have KRW222trn (USD195bn) and KRW49trn (USD43bn) AuM respectively. State Street has been providing custody, fund accounting, performance…