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…
Category: Bank Providers
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…
MUFG completes Link deal
The acquisition of Link Group by Mitsubishi UFJ Trust & Banking Corporation has been completed. Under its new ownership, Link Group will be rebranded as MUFG Pension & Market Services, comprised of two business lines, MUFG Corporate Markets and MUFG Retirement Solutions. MUFG Retirement Solutions has recently opened an office in Hong Kong.
J.P. Morgan hires ETF SME
J.P. Morgan has hired Ciarán Fitzpatrick as global head of ETF product management, based in Dublin. He was previously at State Street.
Northern to service new ELTIF
Partners Group has appointed Northern Trust to provide fund accounting, transfer agency, depositary and corporate secretarial services for its new European Long Term Investment Fund (ELTIF)-compliant Private Equity Evergreen Fund, structured as a Luxembourg-domiciled SICAV. Based in Switzerland, Partners Group is a private markets firm with USD147bn AuM.
J.P. Morgan launches data solution
J.P. Morgan, which has been consistently behind its peers in the digital and data space, has launched Containerized Data for institutional investors, available through its proprietary client front-end, Fusion. This provides investors with “consistent and enriched” data across business services. Containerized Data is available for a range of data types and sources, such as custody,…
Manaos launches SDR solutions
Manaos, a BNP Paribas investment services platform, has launched a set of reporting and data solutions tailored to help UK managers comply with the SDR regulatory obligations coming into force. The new SDR solutions will assist UK asset managers in meeting their reporting obligations efficiently, providing them with actionable insights on integrating technology, data, and…
CACEIS launches digital assets business line
CACEIS has established a digital assets business line The business, stemming from the Digital Assets Group project with Crédit Agricole CIB, brings together a team of people with expertise in digital asset custody, IT infrastructure design, and related functions such as compliance, legal, and risk management. It is designed to sit alongside CACEIS’ operating model…
Novata raises funds
Novata, a fintech that provides ESG data for private markets investments, has completed a new round of financing from returning investors Hamilton Lane and S&P Global, and a new investor, Motive Ventures, which is backed by affiliates of Apollo Global Management. In 2023 Novata struck a deal with Northern Trust, an investor, to provide its…