Fireblocks, an enterprise platform for building blockchain applications and managing digital asset operations, has hired Michal Ferguson as chief marketing officer. Prior to joining Fireblocks, Ferguson built and scaled the go-to-market functions at Snyk, a cybersecurity platform that integrates directly into development tools, workflows, and automation pipelines. BNY Mellon took a stake in Fireblocks in…
Category: Bank Providers
Anton, Thrasher move at CIBC Mellon
At CIBC Mellon, Richard Anton has been appointed chief client officer, with Catherine Thrasher replacing him as chief operations officer. Anton assumes overall responsibility for the company’s relationship management, strategic client solutions, product development, corporate communications and marketing functions. Thrasher assumes responsibility for CIBC Mellon’s operations, including custody services, fund administration, investor recordkeeping, pension benefit…
BK and GLMX collaborate on repo
BNY Mellon and GLMX have integrated services to allow buy-side clients to direct repo trades at point of execution to BNY Mellon’s triparty platform. This integration addresses growing demand from clients seeking to expand their BNY Mellon triparty usage beyond uncleared margin segregation into repo financing, helping them to capture more benefits from being on…
BBH automates with Allfunds
BBH has automated account openings with Allfunds, a B2B wealthtech platform for the fund management industry. This digital and automated solution from BBH creates a standardised electronic messaging system to facilitate the end-to-end, straight-through processing API account opening solution, resulting in a much faster account opening time. By digitizing this process, users of the platform…
FundGuard raises USD100m
FundGuard, the cloud-native, AI-powered, multi-asset class investment accounting platform for asset managers, asset owners, custodians and fund administrators, has closed its Series C funding round, amounting to USD100m. This latest round of investment – led by Key1 Capital and new investors including Euclidean Capital and funds managed by Hamilton Lane – also had participation from…
CRD wins f/o mandate in Australia
Charles River Development, a State Street company, has been appointed by Perpetual Group to manage front office operations for its Australian asset management business. Perpetual’s Australian asset management business will adopt Charles River IMS to manage its domestic and global portfolios, order and execution, compliance, post trade processing and front office data. Perpetual completed the…
Northern Trust appoints Paulin to new role
Northern Trust has appointed Gary Paulin to the newly created role of head of international enterprise client solutions. Paulin will focus on strengthening relationships with key Northern Trust clients across EMEA and AsPac at the highest levels of their organisations. Paulin, who was most recently head of global strategic solutions for asset servicing, will continue…
State Street wins Brazilian mandate
State Street has been selected to provide fund accounting, fund administration and investor servicing for AZ Quest, an asset manager based in Sao Paulo, Brazil. State Street will provide these services to the AZ Quest Fund SPC and its segregated portfolios.
GSAM outsources trading to BNY Mellon
Goldman Sachs Asset Management has appointed BNY Mellon to provide buy-side trading services for a division of its EMEA business. As part of the agreement, BNY Mellon is delivering global trade execution services in EMEA, U.S. and APAC markets across fixed income, FX, derivatives and ETFs. BNY Mellon’s Buy-Side Trading Solutions unit supports institutional clients…
BBH adopts Pirum’s Recalls Manager
BBH has adopted the Recalls Manager module from Pirum, the post-trade services fintech that focuses on the securities finance industry. BBH has implemented Recalls Manager to reduce securities lending fails and leverage automation and real-time coverage to promote a smooth transition to the shortened T+1 settlement cycle. This expands BBH and Pirum’s long-standing relationship. BBH…