MUFG Investor Services has issued a press release that can only be described, at best, as economical with the truth. In announcing that AuA has surpassed USD1trn, MUFG claims that it is a “global leader” in asset servicing and one of the largest fund administrators in the world, neither of which stands up to scrutiny.…
Category: Bank Providers
Northern Trust hires from BNY Mellon
Jacquelynne Anderson has joined Northern Trust to head relationship management for the asset owners business line, based in London. She was most recently at BNY Mellon, where she spent more than 12 years, both in UK and South Africa.
Saltgate hires NED
Saltgate, the C.I.-based alternatives administrator with USD100bn AuA, has appointed Julia Chapman as a non-executive director. Based in Jersey, she is a solicitor qualified in England and Wales and in Jersey.
BlackRock appoints BNY Mellon
After a multi-year evaluation and selection process, BlackRock has appointed BNY Mellon to work alongside State Street as a service provider for its Irish-domiciled ETFs. BNY Mellon is expected to assume responsibility for about half of BlackRock’s iShares ETFs, totalling some USD356bn, providing depositary, fund administration and fund accounting services. State Street will remain registrar…
State Street completes CF acquisition
State Street has completed its acquisition of CF Global Trading, a UK-based firm specialising in outsourced trading on an agency basis for a variety of asset classes, including equities, listed derivatives and fixed income. Financial terms are not being disclosed. State Street currently provides outsourced trading to clients in the Americas, APAC and Middle East,…
ZILO adds four to board
ZILO, the UK-based fintech specialising in the global asset and wealth management sectors, has added four new directors to its board: Cuan Coulter from State Street, Pervaiz Panjwani from Citi, Adam Felesky of Portage, and James Devlin from Fidelity International Strategic Ventures. All four companies participated in ZILO’s recent GBP25m (USD32m) funding round.
BNPP wins in NL
Monuta, a Netherlands-based provider of funeral insurance, has appointed BNP Paribas as custodian for its global assets.
Gezotis takes COO role at Mercer
Jon Gezotis has joined Mercer as U.S. chief operating officer for its wealth & investments business. Gezotis spent seven years at Citi, most recently as head of fund services for North America and global co-head of middle office. He had previously spent 11 years at J.P. Morgan.
Ripple hires from BNY Mellon
Maxime de Guillebon has joined Ripple, the crypto payments service, after just six months at BNY Mellon. He is based in Switzerland, the home base of Metaco, which Ripple acquired in 2023. He was CEO of Zodia Custody before joining BNY Mellon as head of digital asset product.
State Street appoints UK head
State Street has appointed Michael Eldridge as UK country head and State Street Bank & Trust London branch manager. Reporting to Cuan Coulter, Eldridge will oversee all aspects of State Street’s business in the UK and the execution of the firm’s strategy across product deployment, client relationships, risk and compliance, employee development and community engagement,…