Citi has extended its 20-year relationship with Multifonds to consolidate its current regional fund accounting operation into a global operating model through the Temenos Multifonds SaaS solution. Citi’s move to a global operating model for its fund services business, and from an on-site platform to Multifonds SaaS, will enable it to manage its business across…
Category: Bank Providers
HSBC hires global head of funds & trustee services
HSBC has hired Julie Kerr as global head of funds & trustee services. She joins from Citi and will be based in Hong Kong. She reports to Fiona Horsewill, global head of securities services, and joins HSBC’s securities services ExCo. She spent five years at Citi, where she was most recently APAC co-head of sales…
U.S. Bank promotes Kedia
U.S. Bancorp, parent company of U.S. Bank, has appointed Gunjan Kedia as its new president, reporting to Andy Cecere, who will retain the titles of chairman and CEO. Based in Minneapolis, Kedia, 53, will oversee the company’s core business lines: consumer and business banking; payment services; corporate & commercial banking; and wealth, corporate, commercial and…
CRD poaches APAC head from FactSet
Charles River Development, a State Street company, has appointed Vinayak Bhat as head of Asia Pacific, where he will be responsible for all business oversight within the region and collaboration with State Street Alpha, the front-to-back asset servicing platform. He joins Charles River from FactSet Research Systems where he was head of the Asia Pacific…
BNY Mellon partners with AccessFintech for T+1
AccessFintech, the UK-based provider of real-time data insights and collaboration across financial markets, is working with BNY Mellon to bring a joint solution to the market for addressing FX workflow challenges ahead of the imminent switch to T+1 settlement in the U.S.. BNY Mellon and AccessFintech are collaborating to provide clarity on securities trades’ ‘predicted…
U.S. Bank hires ETF CCO
U.S. Bank has hired Josh Jacobs for the newly created role of chief commercial officer for ETFs. He will be responsible for all aspects of the business development and relationship management coverage of the ETF business. Jacobs brings more than 20 years of financial services experience, most recently at J.P. Morgan, where he was head…
BNY Mellon expands in UAE with new Lunate mandate
BNY Mellon has deployed its cloud native data platform for the first time in the UAE, after being commissioned by Lunate Capital, the Abu Dhabi-based global alternative investment manager, to provide it with a data operating model. Lunate Capital, which has >USD50bn AuM, recently appointed BNY Mellon as administrator, transfer agent and global custodian for…
Brenda Bol leaves BNY Mellon
Brenda Bol has been appointed country head and managing director at Cecabank S.A. (Luxembourg), a new branch currently under the application process for a banking licence. Cecabank is a wholesale Spanish bank providing specialised services in securities services, payments, treasury management and digital solutions. Bol moves from BNY Mellon, where she was country head for…
Kross joins State Street
Jeremy Kross has joined State Street in the business development team for the asset manager and alternatives space. Based in the U.S., Kross, who was previously at BNY Mellon, reports to Nick Clapham, head of sales & business development for the sector.
6 Monks appoints Zodia
6 Monks has become the first AIFM authorised to manage third-party digital assets funds, following recent approval from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF). This marks the first time professional investors in European jurisdictions have been permitted to invest directly into digital assets through a regulated or semi-regulated AIF. 6 Monks has appointed…