State Street has appointed Terri Dempsey as country head of Ireland. Dempsey will oversee the delivery of services and strategy for all of State Street’s operations in Ireland and reports to Cuan Coulter, UK country head. Dempsey moves into the role formerly held by Tadhg Young, who recently assumed the position as head of State…
Category: Bank Providers
FundBank appoints CEO for Europe
Steve David has been appointed CEO of FundBank (Europe), an independent provider of banking and fund services for the alternatives sector. David spent nearly 20 years with Northern Trust, most recently as CEO of its global services business in Europe. Northern Trust has yet to announce a replacement for David.
SGSS appoints CMS head for Lux
SGSS has appointed France Colas as head of coverage, marketing and solutions in Luxembourg. She joins from Degroof Petercam, and previously spent 14 years at CACEIS. Bryan Fage remains head of coverage for Luxembourg.
BBH names UK CEO
BBH has appointed Sarah O’Donnell, a principal of the firm, as London office head and CEO for BBH in the UK. She will be responsible for the management and oversight of Brown Brothers Harriman Investor Services Ltd (BBH ISL), whilst retaining her responsibilities as head of client service in Europe, as well as director of…
MUFG bids for Link
Mitsubishi UFJ Trust and Banking Corporation, a subsidiary of MUFG, has agreed to acquire 100pct of the issued shares of Link Administration Holdings Limited, the troubled Australian administrator, for AUD1.2bn (USD800m). Link Group is the largest Australian pension administration company, servicing approximately 41pct (10 million accounts) of Australian private pension members. Earlier this year Link…
Citi supports DFA ETF launch in Oz
Citi has launched its service in Australia to support dual-access, fully transparent ETFs. It has recently supported the launch of three dual-access ETFs on the ASX by Dimensional Fund Advisors, a U.S. manager that has been a Citi client since 2012.
Waverton outsources to Northern Trust
Waverton Investment Management, a UK-based manager with GBP9.1bn (USD11.6bn) AuM, has appointed Northern Trust to provide outsourced trading services through its Integrated Trading Solutions business. Northern Trust will cover equities, derivatives and fixed income assets as Waverton’s sole provider of trading services. The appointment followed a review by Waverton of its operating model intended to…
Gen II hires bus dev MD
Gen II Fund Services, the independent private equity administrator, has hired Jeff Rosen as managing director of business development. Rosen joins from Ultimus LeverPoint, where he spent a year, and has also worked at Citco and Citi.
BNY Mellon expands in Florida
BNY Mellon is expanding its footprint in Lake Mary, Florida, one of its six key global operational centres. The bank plans a campus across two locations totaling 300,000 sq ft. This includes 200,000 sq ft of new office space at 600 Colonial Center Parkway, and renovations to its existing space (100,000 sq ft) at 300…
DTCC hires from BNY Mellon – again
DTCC has, once again, returned to BNY Mellon to hire a senior executive. Gloria Lio joins as head of enterprise services, responsible for leading strategy development for DTCC’s global business operations, client services, integration and business architecture. She reports to Frank La Salla, DTCC’s president & CEO, who was formerly at BNY Mellon. Lio was…