Martin Jacobs has returned to State Street as client solutions lead for its State Street Alpha front-to-back solution. Jacobs previously spent nearly seven years at Citi, where he was most recently global product head of data strategy & architecture. He is based in London.
Category: Bank Providers
MUFG hires from Credit Suisse
MUFG Investor Services has hired Tim Bulmer as global head of asset-backed fund financing, based in London. He was previously at Credit Suisse.
State Street upgrades ETF portal
State Street has upgraded APIs for its Fund Connect ETF portal and now offers coverage to all clients globally, including Europe and the APAC region. Fund Connect ETF APIs have previously been available in the U.S. and Canada and account for nearly half of North American order volumes. Fund Connect ETF is an online portal…
Citi launches FIX connectivity for ETFs
Citi’s securities services business has launched Financial Information eXchange (FIX) API connectivity on its Advanced Citi ETF System (ACES); the bank’s online, global ETF portal that automates the entire ETF lifecycle. With FIX API connectivity, clients and APs can directly connect to Citi’s ACES platform from their OMS platforms and manage ETF share creation and…
Leadership changes at Northern Trust
Northern Trust has appointed Clive Bellows, currently head of EMEA Global Fund Services (GFS), as president, EMEA. The move is pending regulatory approval. Bellows will succeed Teresa Parker, who plans to retire at midyear, following a 42-year career at Northern Trust. Upon taking the EMEA president role, Bellows will join Northern Trust’s management group and…
BNPP wins Indeval U.S. mandate
BNP Paribas has been appointed by Indeval as its local custodian for the U.S., representing USD60bn of assets. Indeval is the Mexican CSD, responsible for trades on the Mexican Stock Exchange and money market instruments. It is owned by the Mexican Stock Exchange (Grupo BMV). In 2018 Citi was appointed as custodian and tax services…
MUFG reaches USD1trn AuA, but…
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.…
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…