HSBC has chosen ETF and index data provider Ultumus to be its portfolio composition file (PCF) solution provider. Ultumus will be responsible for performing PCF creation and distribution for HSBC’s ETF clients globally. The first clients will be switched to the Ultumus platform in Q4 with the rest being completed in early 2021.
Category: Bank Providers
Northern Trust makes management appointments for ME&A
Northern Trust has made two appointments to its Middle East & Africa asset servicing business. The new positions are based in Abu Dhabi, UAE. Justin Miller has been appointed head of relationship management for the Middle East & Africa. He was previously head of client management for securities lending for EMEA. Chris Dulieu has been…
State Street reshuffles Alpha senior management team
State Street has reshuffled its leadership team for State Street Alpha, its open, front-to-back investment servicing platform for institutional and wealth management firms. State Street Alpha provides an outsourced platform across front office solutions, analytics, liquidity, data management, and outsourced middle and back office services. Spiros Giannaros has been named chief executive officer of Charles…
Citi adds client reporting functionality to Clarity
Citi has launched a new client reporting solution as the latest enhancement to its middle office services. The new reporting service is built on the Vermilion Reporting Suite, a global client reporting platform, coupled with Citi’s own Clarity data and analytics platform. The new reporting service offers asset manager clients a low-touch, automated solution for…
Northern Trust adds reporting functionality to Front Office Solutions
Northern Trust has released two new reporting capabilities – valuation status and advanced client reporting – for its Front Office Solutions clients. The new FOS valuation status tool enables institutional investors to more accurately measure current portfolio values and issues alerts when prices are updated. The advanced client reporting tool allows users to customise report…
State Street expands relationship with Protective Life
State Street has expanded its servicing agreement with Protective Life Corporation, a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc., and will now provide the insurer with outsourced accounting services for a significant portion of its separate account life and annuity business. Protective provides financial services through the production, distribution and administration of insurance…
State Street hires James Day as global head of prod dev for sec finance
State Street has appointed James Day as global head of product development for securities finance. Based in London, he will be responsible for delivering new products, managing regulatory change and providing business solutions. He will report to Martin Tell, global head of securities finance. He was most recently head of securities finance in EMEA at…
State Street to support new active ETFs for Natixis
State Street has been appointed to provide a range of ETF servicing solutions for three active ETFs for Natixis Investment Managers. Natixis is leveraging the NYSE Proxy semi-transparent model. State Street will provide basket creation, NAV dissemination, settlement, custody, financial reporting, fund accounting, order-taking, performance and investment analytics, and transfer agency services. Nick Elward, head…
U.S. Bank supports new multiple series trust from Harborside
Harborside Group, an independent investment sales and marketing firm dedicated to serving the distribution needs of the asset management industry, has launched a multiple series trust that includes comprehensive proactive distribution services. The MST, Total Fund Solution, has been formed in collaboration with U.S. Bank Global Fund Services.
HSBC to administer first ETF launched under Singapore’s VCC structure
HSBC has been appointed as the custodian and fund administrator for CSOP INVESTMENTS VCC – ICBC CSOP FTSE Chinese Government Bond Index ETF. This is the first ETF launched under the authorised Variable Capital Company (VCC) structure in Singapore. CSOP will officially launch the ETF this month.