Marketnode, the digital assets joint venture between the Singapore Exchange (SGX) and Temasek, has partnered with fixed income issuance and data firm, Covalent Capital, to build what they claim is Asia Pacific’s first end-to-end digital infrastructure in the fixed income space. This latest development follows the JV announcement by SGX and Temasek. As part of…
Category: Bank Providers
Northern Trust makes senior management moves
Northern Trust has hired Kelley Conway to lead its corporate and digital strategy, based in Chicago and reporting to Mike O’Grady, CEO. She joins from Accenture, where she was a partner in the financial services practice. The firm has also established a new unit within its asset servicing business, Investment Data Science, which will be…
SGSS rationalises UK fund servicing operations
Société Générale Securities Services has confirmed that it will no longer offer fund administration services to UK-domiciled funds. SGSS will continue to service offshore-domiciled funds of UK managers through its operations in Ireland and Luxembourg.
Northern Trust to support AMX & DWS initiative
Northern Trust has been appointed to support an initiative between the Asset Management Exchange and DWS to offer a pooled funds service in the UK that enables pension schemes to actively engage in stewardship. The service aggregates investor stewardship preferences and seeks to execute votes in alignment with these preferences. Northern Trust will support the…
Robert Stenmark joins Northern Trust in Norway
Robert Stenmark has joined Northern Trust to head its new Norwegian branch and lead its depositary services business in Norway. He joins from Handelsbanken.
BNY Mellon opens branch in Madrid
BNY Mellon has opened a new branch in Madrid, Spain. Mariano Giralt will assume the role of branch manager, with Ana Arias as deputy branch manager. Both are internal appointments.
Bill Muia joins SS&C
Bill Muia has joined SS&C as a director of business development, based in the U.S. He was previously at HSBC, and has also worked for RBC.
Nykredit transfers depositary business to BNY Mellon
Nykredit, one of Denmark’s largest financial services companies, has agreed to transfer its depositary business to BNY Mellon. Working together since 2008, BNY Mellon has provided custody, and Nykredit depositary services, to a wide range of clients in Denmark. As part of the agreement, a small team of employees will transfer to BNY Mellon. The…
LACERA expands relationship with State Street
State Street has expanded its relationship with Los Angeles County Employees Retirement Association (LACERA). State Street will now provide additional solutions for performance and analytics, as well as alternative administration for LACERA’s real estate assets. LACERA, one of the largest county retirement systems in the U.S., is an independent government entity that administers and manages…
U.S. Bank partners with Lumint for passive FX hedging
U.S. Bank has enhanced its suite of FX solutions with a new passive currency hedging service to support asset managers and asset owners. The new global currency management solution offers institutional investors an automated and scalable solution for portfolio and share class currency hedging with available look-through and index replication strategies. The tool is powered…