Orla Foley is amongst six new general partners announced by BBH. Foley joined BBH in 1997 and is currently global head of relationship management for investor services, based in Boston.
Category: Bank Providers
SAMI consolidates with NTRS
Sanlam Asset Management (Ireland) Limited (SAMI) has appointed Northern Trust to provide fund administration, transfer agency, custody, depositary and FX services. SAMI is an investment management platform managing funds domiciled in Ireland valued at USD8.7bn. It is part of the Sanlam financial services group headquartered in South Africa. Northern Trust is now the sole provider…
BNPP appoints new head of APAC M&FS
BNP Paribas has appointed Benoit Uhlen as APAC head of market & financing services. Based in Hong Kong, he is responsible for further strengthening securities services’ M&FS offering in APAC, including securities lending, FX, triparty collateral management and financing. Uhlen has worked for BNPP’s securities services for more than 25 years.
Lunate appoints BNY Mellon
Lunate Capital, the Abu Dhabi-based alternative investment manager with >USD50bn AuM, has appointed BNY Mellon as administrator, transfer agent and global custodian for all its funds. In 2023 Lunate and BNY Mellon invested in a new company, Alpheya, that will develop a wealth management technology platform for wealth and asset managers in the Middle East…
Vistra hires global head of funds
Vistra, the Singapore-based fund services provider, has appointed Abdel Hmitti as managing director and global head of funds. He reports to William Douglas, Vistra’s chief commercial officer, and intends to relocate to the U.S. later this year. Hmitti will lead Vistra’s funds business, overseeing the teams responsible for commercial, relationship management, product development, and digital…
Citi wins Ausbil mandate
Ausbil Investment Management, an Australia-based manager with AUD16.6bn (USD10.8bn) AuM, has appointed Citi to provide custody and fund administration services. Ausbil is owned by its employees and indirectly by New York Life Investment Management.
SMT shake-up at RBC IS
After four months in the role, Claire Johnson, CEO of RBC Investor Services, has initiated a shake-up of the senior management team. Paul Burd, who has relocated to Canada from the UK, is head of client operations, with Christine Knott joining from Citisoft as head of transformation & client solutions. Joel Kornblum joins from FactSet…
Cit completes PA tokenisation PoC
Citi has completed a proof of concept on tokenisation of private funds along with Wellington Management and WisdomTree. With ABN AMRO simulating the role of a traditional investor, the PoC tested the tokenisation of a Wellington-issued private equity fund by bringing it on to a DLT network. The underlying fund distribution rules were encoded into…
BNY Mellon upgrades ETF basket construction
BNY Mellon has launched a new ETF basket construction platform. The new platform will provide asset managers with a digital workflow, backed by start-of-day NAV data, to present market-making information to liquidity providers. This solution will support asset managers in valuing, creating, and publishing basket information more efficiently. Users will be able to customise and…
BBH adds to markets strategy team
BBH has expanded its markets strategy team with the appointment of Elias Haddad as senior markets strategist. Based in London, he will provide insights and research that help clients navigate and understand the global economy and make informed decisions about their FX strategy. Prior to joining BBH, Haddad spent eight years with the Commonwealth Bank…