Coller Capital, a UK-based investor in the private equity secondary market, has launched a USD9bn fund, Coller International Partners VIII. Investor support came from over 200 of the world’s leading institutional investors. Northern Trust, which has a 25-year relationship with Coller Capital, has been appointed to provide fund administration, banking and depositary services for the…
Category: Bank Providers
U.S. Bank launches services for SPACs
U.S. Bank has launched a range of services for sponsors of special purpose acquisition companies (SPACs), including: Establishing a special-purpose segregated trust account to hold SPAC proceeds; Holding, investing and disbursing of funds in accordance with a trust agreement; Providing statements and secure online reporting of account holdings and activity; Maintaining investment books and records;…
State Street appoints Aman Thind as global chief architect
State Street has appointed Aman Thind to executive vice president and global chief architect, reporting to Brian Franz, global chief information officer. Thind is responsible for designing the strategy and driving implementation of State Street’s technology transformation and interoperable infrastructure. He will also play an integral role in advancing the company’s technology innovation, including building…
BNY Mellon strikes deal with class-action specialist FRT
BNY Mellon has established an alliance with Financial Recovery Technologies, the U.S.-based provider of securities class action recovery services to the investment community. The alliance will offer solutions to address the demand for better governance solutions associated with shareholder litigation monitoring and recovery, offering BNY Mellon’s clients access to FRT’s suite of class action solutions,…
LJ Jhangiani joins MUFG IS securities lending team
LJ Jhangiani has joined MUFG Investor Services’ global securities lending solutions team He will be working for Tom Ryan, head of asset & liability trading, as head of securities lending automated processing. He was previously at BMO Harris Bank.
Lifetri outsources MO/BO to CACEIS
Lifetri Group, a Dutch provider of life, funeral and term life insurance, has selected CACEIS for outsourcing of its middle and back office asset management operations. The service includes investment administration, transaction processing and investment reporting. CACEIS will deploy the latest version of SimCorp Dimension to support Lifetri.
State Street & U.S. Bank back Securrency
Securrency, a U.S.-based fintech, has raised USD30m in its latest funding round, which will be used to fund the company’s expansion plans. The Series B funding round included WisdomTree Investment, an existing investor, along with, inter alia, State Street and U.S. Bank. Securrency develops blockchain-based financial and regulatory technology.
Citi goes live with Proxymity in 10 markets
Proxymity, the digital proxy voting platform that was spun out of Citi‘s securities services business in 2020, has gone live with Citi for proxy voting services for institutional clients in ten markets: UK, Germany, Netherlands, Belgium, Ireland, Austria, Spain, France, Portugal and Australia.
U.S. Bank invests in FX specialist Lumint
U.S. Bank has made an equity investment in Lumint, a Boston-based company that provides currency management services to institutional investors. Earlier this year, U.S. Bank launched a new passive currency hedging service powered by Lumint’s technology. In 2018 Lumint formed a strategic partnership with Northern Trust.
LiquidShare hires Brigitte Gignoux to head business development
LiquidShare, the fintech co-founded by European financial institutions including BNP Paribas, Société Générale and Euroclear, has appointed Brigitte Gignoux as head of business development. She joins from FFYN, a collaborative fund distribution platform that was incubated by BNP Paribas, where she previously worked in a business development role.