State Street has appointed Scott Carpenter as global head of private markets and credit. In this role, he is responsible for the strategy, product capabilities, P&L and overall market position of the private markets and credit fund servicing businesses of State Street. Carpenter, a 30-year State Street veteran, was previous global COO of the alternatives…
Category: Bank Providers
BNY Mellon links with Kyriba
BNY Mellon has established a connection of its short-term investment platform, LiquidityDirect, with Kyriba, a provider of cloud-based treasury and finance solutions. This combines Kyriba’s secure, scalable SaaS solution with the LiquidityDirect platform to enhance liquidity performance and unlock better cash visibility. This agreement continues BNY Mellon’s ongoing collaboration with several leading treasury workstations and…
Manaos partners with SESAMm
Manaos, the ESG platform owned by BNP Paribas, has entered into a strategic partnership with SESAMm, a provider of ESG controversy data powered by advanced generative AI. Through this partnership, Manaos will integrate SESAMm’s ESG controversies data into its platform, offering a dedicated dashboard and controversies reports for institutional investors and asset management companies. This…
BNPP wins two European mandates
Two notable European mandates for BNP Paribas: The securities services business has been selected by Cobas Asset Management to provide depositary services for its investment funds and pension plans. BNPP will act as depositary bank for all collective investment vehicles managed by Cobas Asset Management, which includes six investment funds, one SICAV and three pension…
O’Neill joins Aryza as CRO
Aryza Group, an Ireland-based fintech provider, has appointed Kevin O’Neill as chief revenue officer. He joins from Napier Ai, where he was CRO, and has also worked at Fenergo and RBC.
State Street to service new DWS ETPs
State Street has been appointed to provide administration services to the two new ETPs issued by DWS: the Xtrackers Galaxy Physical Bitcoin ETC Securities (XXBT) and the Xtrackers Galaxy Physical Ethereum ETC Securities (XETH), both of which are listed on Deutsche Börse. State Street will work alongside Zodia Custody and Coinbase, which have been appointed…
Citi wins again in Oz
Citi’s securities services business in Australia has been appointed by Fiducian Group to provide custody, fund administration and registry services. The project involved transitioning >1,300 assets, many thousands of transactions, tax parcel data and unit pricing across Fiducian’s Investor Directed Portfolio Service (IDPS), superannuation wrap and Fiducian Funds product offerings. Fiducian is an Australian-owned financial…
Northern hires for Lux
Northern Trust has appointed Raphaël Remond as deputy CEO of its continental European bank, Northern Trust Global Services SE. He reports to Olivier Noël, CEO of NTGS SE and country head for Luxembourg. Remond was previously COO of LIOR Global Partners, and also spent more than 25 years at State Street.
Eagle appoints BK for first ETF
BNY Mellon has been appointed as administrator for the Eagle Capital Select ETF, the first ETF launched by Eagle Capital Management, a U.S. manager with USD20bn AuM. The launch is notable because Eagle converted a USD1.8bn separately managed account (SMA) to create the ETF, thought to be the largest such conversion to date. Eagle used…
Hamilton joins M&G
Dorothy Hamilton has joined M&G, the UK asset manager, as director of supplier management. She was previously global head of securities services operations for HSBC, based in Edinburgh. In 2023 Richard Godfrey, formerly co-head of HSBC’s securities services business, joined M&G as COO of the asset management business. Earlier in 2024 HSBC hired Mitesh Sharma…