State Street has hired Bob Dollard as head of U.S. asset owner relationship management. He reports to Rob Baillie, the recently appointed head of North American asset owners. Dollard joins from BNY Mellon, where he was U.S. segment head for the public fund, Taft-Hartley, and the outsourced business.
Category: Bank Providers
MEAG executes bond trade in China via HSBC
MEAG, the asset manager for Munich RE and ERGO, has become the first German investor to execute a bond trade in the Chinese capital market via Bond Connect. HSBC in Germany enabled settlement of the underlying transaction as well as the related FX. Tradeweb was used as the electronic trading system to execute the transaction…
BNY Mellon CEO Scharf moves to Wells Fargo
Charles Scharf has been appointed president and CEO of Wells Fargo. Scharf is leaving his job as chairman and CEO of BNY Mellon, which he joined in 2017. BNY Mellon has announced that Todd Gibbons, vice chairman and CEO of clearing, markets and client management, has been appointed as interim CEO and a member of…
GSAM appoints BNY Mellon for European ETF admin
Goldman Sachs Asset Management has appointed BNY Mellon to provide asset services for its newly launched European UCITS ETF fund range. In addition to BNY Mellon’s ETF solutions supporting order management, PCF production and AP servicing, it will also provide fund accounting, transfer agency, depository, custody, paying agent and common depository. GSAM launched its first…
SGSS appoints Matt Davey to senior UK role
Société Générale Securities Services has appointed Matt Davey as head of coverage, marketing and solutions (CMS) UK, a newly created role. He is based in London and reports to Christophe Baurand, global head of CMS, and to Bertrand Blanchard, head of SGSS UK. Davey was previously head of business solutions, based in Paris, and will…
SGSS hires Harold Keller from CACEIS as head of sales & RM in Germany
Société Générale Securities Services has appointed Harold Keller as head of sales & relationship management in Germany. He replaces Jochen Meyers, who has left the group. Keller was previously head of asset owners and managers for CACEIS in Germany. He will focus on expanding strategic partnerships with institutional investors in the German-speaking region, reporting locally…
Northern Trust hires three for product & bus dev teams in UK
Northern Trust has made three London-based appointments across its institutional product and business development teams: Howard Rapley has been appointed global product lead, securities services, responsible for the strategy and capabilities supporting client assets held by Northern Trust. These include safekeeping, settlement, income, corporate actions and tax reclamation services. Rapley spent two decades with Citi…
U.S. Bank appoints BNP Paribas as European custodian
U.S. Bank, one of the world’s top 10 custodians with USD6.8trn AuC/A, has appointed BNP Paribas Securities Services as its custodian in 11 European markets (Austria, Belgium, Cyprus, France, Germany, Greece, Italy, the Netherlands, Portugal, Spain and Switzerland), as well as local custody services in the UK and Ireland. The relationship covers over USD10bn in…
IGM outsources fund services to CIBC Mellon
IGM Financial Inc. has selected CIBC Mellon to assume most of IGM’s fund services functions. This will add fund administration servicing solutions to the custody and related services that CIBC Mellon already performs for IGM. Once definitive agreements are complete, most IGM fund services employees in Toronto and Winnipeg (c.100 people) will transition to CIBC…
BNP Paribas releases 17 APIs for fund admin business
BNP Paribas Securities Services has released a set of APIs for its fund administration business. The bank has opted to standardise these APIs to ISO 20022 for greater interoperability across platforms. This new catalogue of 17 fund accounting APIs automatically updates clients’ systems with information specific to their business held by BP2S. This information includes…