BNY Mellon has gone live with the first client for ECPOConnect, a collateral optimisation service developed in collaboration with Pirum Systems, the post-trade services fintech. The inaugural client is a Canadian bank. This new service combines BNY Mellon’s collateral management service, ECPO, with Pirum’s CollateralConnect platform, a SaaS-based solution supporting front-to-back cross-asset margin, collateral and…
Category: Bank Providers
U.S. Bank expands leadership roles
U.S. Bank has expanded leadership roles for Stephen Philipson and Felicia La Forgia as part of an effort to strategically position the bank’s Wealth, Corporate, Commercial and Institutional Banking (WCIB) team. They will continue to report to Gunjan Kedia, who was recently named president of U.S. Bancorp, overseeing the company’s revenue lines of business, including…
Awqaf partners with Apex
Apex Group has been appointed by Awqaf Investment, the investment arm of the General Authority for Awqaf in Saudi Arabia, as its new strategic partner. Awqaf provides investment services to the non-profit sector. Apex Group will be providing fund accounting, transfer agency, and middle & back office outsourcing. In 2023 State Street completed implementation of…
FundGuard links to ICE
FundGuard, the multi-asset and multi-book investment accounting utility which is backed by Citi and State Street, has formed a collaboration with ICE’s data services business, which is part of Intercontinental Exchange, the operator of global exchanges and clearing houses and provider of data and listings services. The collaboration will provide asset managers, asset owners and…
BNPP wins major European mandate
BNP Paribas has been mandated by Flossbach von Storch, one of Europe’s leading independent asset managers with >EUR 70bn (USD76bn) AuM, to provide services including global custody, fund accounting, and transfer agency for its UCITS funds in Germany and Luxembourg, covering >EUR 50bn (USD54bn) in assets.
Vivian Tung moves to MFS
Vivian Tung has left BNY Mellon to join the ETF product team at MFS Investment Management, based in Boston. At BNY Mellon Tung was global head of ETF services. She joined in 2022 after spending nearly 17 years at BBH.
CACEIS completes RBC integration in Europe
CACEIS has completed the integration of RBC’s European asset servicing activities. All staff across all locations are now regrouped under common legal structures. Having obtained regulatory authorisations, CACEIS has updated its legal structures by combining entities in France, Luxembourg, Belgium, Ireland and Switzerland. The client migration project is scheduled for completion by the end of…
HSBC leads fundraising for Marketnode
HSBC has led a Series A investment round for Marketnode, the Singapore-based digital market infrastructure operator, alongside contributions from existing shareholder Temasek. The investment will be used to scale Marketnode’s platforms and realise the shareholders’ ambitions to develop a multi-asset ecosystem, starting in Asia-Pacific. Since 2020, HSBC and Marketnode have co-developed a digital market infrastructure…
State Street appoints head of sec finance
State Street has appointed Taryn Siglain as head of financing solutions. Siglain will lead State Street’s agency lending, prime services, and secured (repo) financing businesses. She succeeds Gino Timperio who will retire from State Street at the end of June, and will report to Tony Bisegna, head of Global Markets. Siglain joined State Street from…
BBH launches liquidity management tool
BBH has launched a liquidity management tool (LMT) for traditional and alternative funds, allowing asset managers to supervise multiple fund liquidity scenarios based on investor flows in a fully digital, customisable and controlled environment. LMT receives real-time transactional feeds and proactively notifies asset managers if their custom thresholds have been exceeded. LMT supports liquidity management…