State Street has been appointed as the administrator of a planned Bitcoin-backed exchange traded note (ETN) issued by Iconic Funds BTC ETN GmbH, a subsidiary of Iconic Funds GmbH. The ETN will be listed on the Frankfurt Stock Exchange, following approval by BaFin, the German securities regulator. State Street will provide administration services to support…
Category: Bank Providers
Italy’s Ambienta appoints SGSS as depositary bank for PE funds
Société Générale Securities Services in Italy has been mandated as depositary bank by Ambienta SGR, an ESG-focused manager headquartered in Milan, for its private equity funds.
Nomura expands use of Charles River IMS
Nomura Asset Management, a Japanese asset manager with approximately USD607bn AuM, is expanding its use of Charles River IMS. Nomura will implement Charles River’s strategic cloud solution on Microsoft Azure and adopt Charles River’s post-trade capabilities to further consolidate and simplify its investment operations. Nobuyuki Taguchi, senior managing director, Nomura, said: “Managing our post-trade operations…
State Street and S&P Global Trucost to offer enhanced ESG reporting
State Street has formed a strategic engagement with S&P Global Trucost that brings together State Street’s recently launched ESG Risk Analytics and Reporting capabilities and Trucost’s climate data and analytics. The agreement will allow State Street to overlay Trucost’s data intelligence on the risks and opportunities of climate change to build on State Street’s existing…
CIBC Mellon wins three new crypto ETF mandates
CIBC Mellon has continued its impressive run of mandate wins in the burgeoning crypto- currency ETF space in Canada. It has been appointed to provide fund administration and ETF settlement services for three new ETFs: the CI Galaxy Ethereum ETF, Evolve’s Ether ETF, and Purpose Investment’s Purpose Ether ETF.
Jacques d’Estais to retire from BNP Paribas
After 39 years at BNP Paribas, Jacques d’Estais will retire from the group by the end of 2021. He has stepped down from his role as group deputy COO and head of international financial services to become executive advisor to BNP Paribas general management. For many years d’Estais oversaw the bank’s securities services business, BP2S.
Invesco signs for State Street’s Alpha platform
State Street has entered into an agreement with Invesco Ltd., the U.S.-based asset manager with USD1.4trn AuM, which will result in Invesco adopting State Street Alpha, the first front-to-back asset servicing platform from a single provider for institutional and wealth management firms. The migration to Alpha is intended to simplify Invesco’s investment infrastructure to improve…
Northern Trust to establish eFX pricing engine in Singapore
Northern Trust is to establish a new electronic foreign exchange (eFX) pricing engine in Singapore, in partnership with the Monetary Authority of Singapore. This will be Northern Trust’s first eFX engine in Asia-Pacific.
BNY Mellon adds FICC cleared repo to LiquidityDirect portal
BNY Mellon has made FICC sponsored cleared repo available through its LiquidityDirect short-end investment portal. Institutional clients can now seamlessly invest cash in cleared repo through LiquidityDirect. The addition of cleared repo to LiquidityDirect broadens the range of short-term investments on the platform to include a secured, centrally cleared alternative that provides counterparty diversity and…
Schwab appoints BNY Mellon for TA
BNY Mellon has been appointed by Charles Schwab Investment Management, Inc. to provide transfer agency services. Mark Fischer, CFO of Charles Schwab Investment Management, said: “We are eager to work with the BNY Mellon team and have been impressed by its service model, solutions, deep industry experience and the strategic vision they bring to investor…