Northern Trust has been appointed by Japan-based manager, TriVista Capital Inc., to provide global custody services and manage securities lending for its two Cayman-domiciled funds.
Category: Bank Providers
PayPal agrees to acquire Curv
PayPal has agreed to acquire Curv to accelerate and expand its initiatives to support cryptocurrencies and digital assets. Curv is a provider of cloud-based infrastructure for digital asset custody and security, with headquarters in New York and an R&D centre in Israel. In 2020 Curv collaborated with BNP Paribas Securities Services on a proof of…
Northern Trust to offer operational risk consulting
Northern Trust now offers operational risk consulting (ORC) as part of its front office solutions business. ORC provides management consulting with a focus on investment operations, including advice on operating model enhancements and risks, technology and system evaluations, vendor and service provider assessments, and operational process gap analysis. Vincent Molino, head of operational risk management…
State Street adds risk analytics to ESG solutions suite
State Street has launched an enhancement to its ESG solutions product suite. ESG Risk Analytics provides clients with the ability to address new global regulatory reporting requirements. Through a single platform, this data coverage brings clients the ability to cover most Principle Adverse Impact (PAI) disclosure requirements. ESG Risk Analytics is designed to provide risk…
HSBC launches FX HEAT to analyse FX hedging effectiveness
HSBC has launched FX HEAT, a tool for asset managers and institutional investors to independently analyse the effectiveness of their currency hedging strategies. Users can access independent reports on an automated basis to enhance the governance and oversight of their FX hedging. HSBC’s FX services team worked in collaboration with an independent quantitative specialist to…
HSBC wins Cadent Gas Pension Scheme custody mandate
HSBC in the UK has extended its long-term partnership with the National Grid UK Pension Scheme and has also been appointed by Cadent Gas Pension Scheme for the provision of a range of back-office services, including global custody and fund accounting, performance measurement, private equity administration and securities lending.
BNY Mellon appoints Mark Militello as Japan country executive
BNY Mellon has appointed Mark Militello as Japan country executive, subject to regulatory approval. He will continue as Asia Pacific head of markets and clearance and collateral management. He is currently based in Hong Kong and he will relocate to Japan. He replaces Doug Hymas, who is leaving the firm.
State Street launches peer-to-peer repo program
State Street has launched a new peer-to-peer repo program for the buy-side. The service aims to deliver competitive financing costs across a broader range of collateral types, as well as yield enhancement opportunities compared to traditional repo markets. State Street guarantees the payment obligations of cash borrowers to cash lenders within the program in the…
Northern Trust to service new Osmosis CCF in Ireland
Northern Trust has been selected by Osmosis Investment Management, a UK-based manager, to provide fund administration, global custody and depositary services for the Osmosis Resource Efficient Core Equity (ex-fossil fuels) Fund in a UCITS common contractual fund (CCF). The Osmosis UCITS CCF is supported by Prescient Fund Services (Ireland) Limited, which serves as its Irish-regulated…
State Street to administer VanEck’s bitcoin ETF
State Street has been appointed as the fund administrator and transfer agent of the VanEck Bitcoin Trust, a new bitcoin exchange-traded fund that is currently pending approval by the U.S. Securities and Exchange Commission. The trust is expected to be the first U.S.-listed ETF offering exposure to bitcoin. The trust’s investment objective is to reflect…