Citi has enhanced its securities services data services platform, Citi Velocity Clarity. The enhancements to Clarity include a new integrated reporting tool that enables clients to overlay their own data, including graphical elements, with Citi held data to publish tailored reports. Data from middle-office trade processing, ETFs, and custody billing has been integrated into Citi’s…
Category: Bank Providers
SGSS expands African custody coverage to Cameroon
Société Générale Securities Services has extended its securities custody and issuer services offer to Cameroon in Africa, with the support of Société Générale Cameroun, a group subsidiary. SGSS already provides securities services in Morocco, Tunisia and the West African Economic and Monetary Union.
Saphyre adopted by J.P. Morgan and BlackRock
J.P. Morgan Securities Services and BlackRock have adopted Saphyre’s platform to digitise the account opening workflow, eliminating manual processes, improving scalability and enabling buy-side clients to be ready to trade more quickly. Saphyre’s technology provides BlackRock and other buy-side firms with an efficient process for opening accounts with custodians and broker-dealers. Saphyre is a U.S.-based…
CACEIS takes over fund accounting for KGAL in Germany
CACEIS Fonds Service GmbH has taken over fund accounting for 16 closed-end special funds for KGAL Group. The funds’ assets are EUR3.6bn. Both parties have completed the transfer of the associated team from KGAL, based in Gruenwald near Munich, to CACEIS. CACEIS provides bookkeeping, including the calculation of NAVs, financial balancing, regulatory reporting, and production…
BP2S appoints Akshay Thakurdesai as head of India
BNP Paribas Securities Services has appointed Akshay Thakurdesai as head of India. BP2S in India offers asset servicing as well as third-party clearing and settlement services for local financial institutions. The bank also acts as a local custodian to foreign investors investing in the country. Thakurdesai, who joined the bank in 2006, was previously COO…
Northern Trust launches cloud-based insurance reporting service
Northern Trust has launched a cloud-based reporting application for its insurance investment accounting and analytics services solution for U.S. insurance companies. The platform incorporates Northern Trust’s interactive digital interface with the SAP Financial Asset Management (FAM) system to provide an end-to-end solution covering all asset classes. The solution allows insurance companies to: Identify trends, risks…
BNY Mellon hires Robin Vince from Goldman Sachs as CEO of global market infrastructure
BNY Mellon has appointed Robin Vince as a vice chair and CEO of global market infrastructure. Vince will report to Todd Gibbons, CEO of BNY Mellon, and will join BNY Mellon’s ExCo. He will have oversight of BNY Mellon’s clearance and collateral management, treasury services, markets and Pershing businesses. He joins from Goldman Sachs, where…
BP2S partners with Digital Asset in Asia Pacific
BNP Paribas Securities Services has established a partnership with Digital Asset to design a number of real-time trade and settlement apps using DAML smart contracts. The new apps will provide market participants in Asia Pacific with real-time access to the Australian Securities Exchange (ASX) and Hong Kong Exchange (HKEX)’s anticipated DLT-based trading and settlement platforms.…
Milestone hires Marian Azer to head Asia Pacific
Milestone Group, the fund industry fintech firm, has hired Marian Azer as managing director for Asia Pacific, based in Sydney. Reporting to London-based CEO Paul Roberts, Azer will have overall responsibility for market engagement, client success and go-to-market strategy across APAC, with particular emphasis on the Australian and New Zealand markets. Most recently, she was…
State Street makes board appointments in Saudi Arabia
State Street Saudi Arabia Financial Solutions, a subsidiary of State Street, has appointed Haifa Al Khaifi as chairperson of the board, and Rasha Saleh to the board of directors. Al Khaifi serves as the chief financial officer of Oman’s leading oil and gas exploration and production company, Petroleum Development Oman (PDO). Saleh was most recently…