Singapore Exchange (SGX) and Euroclear Bank have launched the Orchid bond structure in Singapore, combining domestic bond issuance with global distribution channels. International investors will be able to purchase bonds issued by Singapore-based issuers directly on SGX’s wholly owned subsidiary, The Central Depository, via Euroclear. HSBC acts as arranger, custodian bank and paying agent for…
Category: Bank Providers
Northern Trust’s currency management services gain traction
Northern Trust reports strong demand for its currency management services, with a number of significant new mandates over the past 12 months. Newly onboarded clients including Blackwall Capital Investment AG, Kieger AG and TT International Asset Management Limited, in addition to significantly expanded services for existing clients including AMX (The Asset Management Exchange) and Rockefeller…
BNY Mellon to service Pioneer Funds for Amundi US
Amundi US, the US business of Amundi, one of the world’s ten largest asset managers, has appointed BNY Mellon to provide custody, fund accounting, administration and transfer agency services for the Pioneer Funds, which are managed by Amundi US. Amundi and BNY Mellon recently announced an alliance involving Amundi’s ALTO* portfolio management technology platform and…
Northern Trust expands performance reporting for Middle East
Northern Trust has enhanced its investment performance reporting services to deliver Sunday to Friday investment returns for clients with Middle East mandates. This latest development enables Middle East-specific performance data to be reported with greater depth of analytics and timeliness for local markets.
Northern Trust signs deal with NQR
Northern Trust has entered into an agreement with National Quality Review (NQR) to provide U.S. mutual fund managers with access to NQR Intermediary INSIGHT, a service that helps managers support their operational oversight of intermediary firms – entities that facilitate financial transactions between investors and investment products. Under the terms of the agreement NQR will…
Northern Trust to provide TM services to Standard Bank clients
Standard Bank, Africa’s largest bank, has signed a memorandum of understanding with Northern Trust to partner on the delivery of transition management services across Southern Africa. Under the partnership, Standard Bank’s clients will gain access to Northern Trust’s full suite of transition management services.
Daniel Klier joins Arabesque to run S-Ray
Daniel Klier is to join Arabesque Group as the new CEO of Arabesque S-Ray GmbH and president of the Arabesque Group, effective in June 2021. He will lead the expansion of Arabesque S-Ray’s ESG data, advisory and research services worldwide. He was previously at HSBC, where he was global head of sustainable finance, Arabesque is…
BNY Mellon launches digital assets unit
BNY Mellon has established a Digital Assets unit that will accelerate the development of solutions and capabilities to help clients address growing and evolving needs related to the growth of digital assets, including cryptocurrencies. The cross-functional, cross-business team, which will be led by Mike Demissie, head of Advanced Solutions at BNY Mellon, is currently developing…
Citi hires two senior regional sales heads from State Street
Citi has made two senior sales appointments in its custody & fund services (CFS) business. Maria Cantillon joins as head of CFS sales for EMEA, a position that has been open since Matthew Bax moved to run the direct custody & clearing business in 2020. She will report to Sanjiv Sawhney, global head of CFS,…
Northern Trust takes equity stake in Equity Data Science
Northern Trust has reached an agreement to take an equity stake in Equity Data Science, Inc., a cloud-based analytics platform that provides decision support tools to asset managers for idea generation, portfolio construction and risk management. The deal will integrate EDS decision support tools with Northern Trust’s core technology platforms, and is an extension of…