HSBC Securities Services has hired Steve Mccullough to head business development for asset owners & managers in Asia Pacific. Based in Hong Kong, he reports to Sébastien Danloy, global head of asset owners & managers. Mccullough was previously at Citi.
Category: Bank Providers
MUFG IS adds two senior managers in UK
MUFG Investor Services has hired Lizzy Buss as executive director of EMEA sales and Cliodhna Murphy as executive director, product development. Both are based in London. Buss joins from State Street, where she was head of business development for InfraHedge across EMEA and APAC. In her new role, she will direct the sales and growth…
Citi and RBC sign client transfer agreement for Australia
Citi has finalised a client transfer agreement with RBC Investor & Treasury Services in Australia. The announcement follows Citi and RBC signing a memorandum of understanding in November 2019, with the intent to facilitate an orderly transfer of the RBC client base to Citi over a 12-24 month period. The transaction will enable Citi’s securities…
Didier Delvaux to head U.S. Bank’s Luxembourg office
U.S. Bank has hired Didier Delvaux to head its new Luxembourg office. Delvaux joins from State Street, where he spent 17 years, most recently as head of fund administration in EMEA. He previously served as COO of State Street’s Luxembourg operation.
BP2S to administer new Singapore VCC for Kamet Capital Partners
BNP Paribas Securities Services has been appointed by Kamet Capital Partners to provide custody and fund administration services in Singapore. Kamet is one of the first fund managers to use Singapore’s new Variable Capital Company (VCC) structure. Kamet Capital Partners was established in 2017 as a family office.
MUFG IS hires two seniors for FX business
MUFG Investor Services is expanding its FX service offering with two new senior hires. Hans Jacob Feder has joined as global head of FX services, based in London and reporting to John Sergides, CEO. He was previously at J.P. Morgan Securities, where his most recent role was head of FX services execution. Al Baptiste joined…
HSBC to merge markets and securities services
HSBC has become the latest universal bank to merge its markets and securities services businesses. After a period of due diligence, HSS will be combined with global markets to form a new unit, Markets and Securities Services. Allegra Berman and Richard Godfrey, co-heads of HSS, will report to Georges Elhedery, co-head of global banking and…
Genesis IM takes Northern’s ITS solution for global equities
Northern Trust is to provide its Integrated Trading Solutions service to UK-based Genesis Investment Management for global equity trading. Neil Dacey, head of trading at Genesis, will take up a management role in Northern Trust’s trading team overseeing emerging markets execution. This builds on Northern Trust’s existing fund administration and custody relationship with Genesis for…
BNY Mellon onboards Liontrust to upgraded MO platform
BNY Mellon has on-boarded Liontrust Asset Management Plc, a UK asset manager, as the first end-to-end client on its new investment operations (middle office) platform. The new open architecture platform, which is still branded as OnCore, aims to improve automation and integration capabilities, and offer enhanced data management and control capabilities to institutional asset managers.…
NTRS reports bump in UK pension fund assets
Northern Trust reports that AuC for UK pension funds grew by more than USD72bn in 2019. The bank provides custody and related services to more than 270 UK pension funds with collectively more than USD851bn AuC.