Brown Brothers Harriman has launched BBH Connectors, a cohort of specialist third-party fintech and service providers that bring expertise in areas like ESG data, insurance accounting, class action recovery services, and AI to drive meaningful outcomes for clients. BBH Connectors can be readily integrated through BBH Infomediary, a data integration engine that provides efficient and…
Category: Bank Providers
BNY Mellon partners with Saphyre for client onboarding
BNY Mellon has become the latest custody bank to partner with a fintech to improve the client onboarding experience. It is working with Saphyre, which leverages patented AI technology to digitise all pre-trade activities across multilateral counterparties: asset owners, investment managers/hedge funds, broker/dealers, custodians, and prime brokers. The firms are working together to deploy AI…
State Street hires Jason Knight as global head of insurance
State Street has appointed Jason Knight as global head of the firm’s insurance segment. Knight joins from BNY Mellon, where he was most recently head of the insurance segment in the Americas for the asset servicing business.
Martin Currie migrates investment ops to Northern Trust
Martin Currie Investment Management has completed the migration of outsourced investment operations functions to Northern Trust for its book of assets managed from UK offices in Edinburgh and London. These include performance measurement and client reporting activities that were previously managed inhouse. Owned by Franklin Resources, Martin Currie is a long-term global equity growth investor…
RBC launches FX TCA service
RBC Investor & Treasury Services has launched its FX transaction cost analysis (TCA) service for currency overlay services (COS) clients. The service, which uses analytical technology provided by State Street-owned BestX, will provide RBC’s COS clients with independent FX TCA reporting to oversee and assess the execution quality of their COS transactions. COS is available…
BNY Mellon to provide European TA services for Invesco
BNY Mellon has been appointed by Invesco Fund Management Limited and Invesco Management S.A. to provide transfer agency services to USD100bn of their respective ICVC and SICAV fund ranges. BNY Mellon already provides custody and fund administration services for the two fund ranges, which are domiciled in the UK and Luxembourg respectively. In addition, BNY…
Ocorian hires Mike Hughes as global head of service lines
Ocorian, the C.I.-based administrator, has appointed Mike Hughes as global head of service lines. In his new role, Hughes has ultimate responsibility for all client segments and will also join Ocorian’s ExCo. He was previously global head of J.P. Morgan’s global custody product.
Aberdeen Standard Investments moves two ETFs to State Street
Aberdeen Standard Investments has appointed State Street as service provider for two of the firm’s ETFs. These ETFs have transitioned from another provider. State Street will now provide a range of ETF services, including custody, fund accounting, basket creation/settlement, order-taking, transfer agency and regulatory reporting. State Street currently provides global custody, accounting and fund administration…
Angelo Calvitto to head Northern Trust’s asset servicing business in APAC
Northern Trust has named Angelo Calvitto to lead its asset servicing business in Asia Pacific. Calvitto, who was most recently country head for Northern Trust in Australia, will succeed William Mak, who is retiring from the company after 11 years. Calvitto will be based in Melbourne.
Alter Domus hires Angela Summonte to head new asset owners business
Alter Domus, the Luxembourg-based provider of fund and corporate services, has appointed Angela Maria Summonte as global head of asset owners. Based in Germany, she will lead the development of the newly launched asset owners business line. Summonte was previously with BNP Paribas.