BNY Mellon has entered into a definitive agreement to acquire Milestone Group, a U.S.-based provider of fund management technology, including the widely adopted pControl platform. The deal comes just over a year after the two companies formed an alliance to create a suite of oversight and contingent NAV services for asset managers and owners seeking…
Category: Bank Providers
BP2S appoints Paul Daly to head distribution products & solutions
BNP Paribas Securities Services has appointed Paul Daly as head of distribution products and solutions. Daly will be responsible for developing and promoting fund distribution products for institutional fund buyers and fund promoters. He will also drive the development of BP2S’s transfer agency solutions. He was previously head of territory for Ireland at BP2S. Based…
Mike Janiszewski joins BNY Mellon as COO of asset servicing & digital
As part of a senior management overhaul of its asset servicing and digital businesses, BNY Mellon has appointed Michael Janiszewski as chief operating officer, overseeing asset servicing strategy, digital and business operations. He will be based in New York and report directly to Roman Regelman, global head of asset serving and digital. He was most…
Citi selected to support MRF northbound fund for Income Partners
Citi has been appointed by Income Partners Asset Management (HK) Limited to act as fund services provider, including transfer agency, for their first northbound fund under the Hong Kong-China Mutual Recognition of Funds (MRF) scheme. The Income Partners Managed Volatility High Yield Bond Fund, an existing SFC-authorised fund, is being made available to eligible mainland…
REQ appoints RBC for Irish ICAV admin
REQ AS, a Norwegian asset manager, has selected RBC Investor Services as the service provider for its Irish UCITS ICAV. RBC will provide administration, depositary, custody and middle office services.
Suresh Krishnamurthy joins SS&C GlobeOp Private Markets to head client solutions
Suresh Krishnamurthy has joined SS&C to lead client solutions for SS&C GlobeOp Private Markets, SS&C’s private equity and real assets fund administration business. He will report to Bhagesh Malde, global head of SS&C GlobeOp Private Markets. He joins from BNY Mellon, where he headed product solutions for alternative investment servicing. Prior to BNY Mellon, he…
Northern Trust launches alts servicing digitisation initiative
Northern Trust has launched a machine learning-powered document capture capability as the foundation of a multi-year investment to digitise alternative asset servicing and enhance the experience for clients that invest in complex private market and unlisted assets. The proprietary solution combines robotic process automation and cloud-based technology to provide transparency and data standardisation that enables…
Peter Salvage joins Enfusion from BNY Mellon
Peter Salvage, a veteran of the alternatives fund administration industry, has joined Enfusion, a U.S.-based, private equity-backed fintech that provides front-to-back investment management software and SaaS solutions. Salvage joins as managing director, global head channel & alliance partners, a role that will see him work to strengthen Enfusion’s global channel partnerships with prime brokers, fund…
Björn Storim nominated to head BNY Mellon’s European Bank
Björn Storim has been nominated to succeed Leonique van Houwelingen as CEO of the Bank of New York Mellon SA/NV (the European Bank), subject to board and regulatory approval. Ms. van Houwelingen has been appointed as EMEA head of strategic growth and regional head of client coverage for the asset servicing business, and will be…
Brock U appoints CIBC Mellon
CIBC Mellon has been selected by Brock University to provide custody, institutional accounting and pension benefit payment services to the Brock University Pension Plan, as well as access to data and investment information. Brock University sponsors a hybrid pension plan, which contains both defined contribution and defined benefit components. Josh Tonnos, Brock University’s chief financial…