HSBC has been appointed by CSOP Asset Management, the Chinese asset manager, as service provider for the CSOP Saudi Arabia ETF, Asia’s first ETF tracking the performance of Saudi Arabian equities.
Category: Bank Providers
USask expands with CIBCM
CIBC Mellon has been chosen to provide asset servicing solutions to the University of Saskatchewan’s (USask) endowment fund, including custody, institutional accounting, foreign exchange processing and settlement services, and digital solutions including automated tools. This mandate builds on CIBC Mellon’s existing asset servicing relationship with USask.
Northern Trust confirms Nordic head
Northern Trust Asset Servicing has confirmed Petra Sjögerås as head of Nordic region, based in Stockholm. She joined in 2022 from SEB, and has been acting head of Nordics since April 2023. This follows the recent appointment of Mikkel Mördrup as head of sales for the region.
Citi shakes up securities services management
Following its corporate shake-up in September, Citi’s business units are now undergoing significant change. Under the continued leadership of Okan Pekin, the securities services business has already made some initial moves, with a number of senior management changes that align the unit with the corporate direction and structure. Some notable changes include: a new global…
BBH appoints Krakow co-heads
BBH has appointed co-heads of its Krakow, Poland office. Tim O’Brien and Rafal Grzech assume responsibility as co-heads and co-chairs of the Krakow ExCo, overseeing the service delivery and systems functions for investor services in Krakow. They replace Haluk Akdemir, who retires after a 29-year career at BBH. O’Brien oversees service delivery for Krakow, whilst…
Daron Pearce launches tokenisation platform
Daron Pearce, who spent 20 years at BNY Mellon before founding his own business in 2021, has launched Tokenbridge, a tokenisation platform which is “set to redefine the landscape of wealth and fund management”.
BNPP to integrate HSBC’s hedge fund admin business
BNP Paribas’ securities services business has signed an exclusive agreement to integrate HSBC’s hedge fund administration business. The agreement covers HSBC’s hedge fund administration business, to be transferred to BNP Paribas’ entities in several markets, including Hong Kong SAR, Singapore, Ireland, and Luxembourg. The transfer of services from HSBC to BNP Paribas will be offered…
BNY Mellon invests in MENA fintech
Lunate, the Abu Dhabi-based alternative investment management company with >USD50bn AuM, and BNY Mellon are investing in a new company, Alpheya, that will develop a customised wealth management technology platform for wealth and asset managers in the Middle East and North Africa. Based in the Abu Dhabi Global Market (ADGM), Alpheya will be funded with…
Vistra appoints Lux country head
Frank Roden has joined Vistra as country head for Luxembourg. Roden spent 22 years at BNP Paribas. He replaces Jervis Smith, who took the post in 2019 after a long career at Citi.
Fondapi adds to SGSS mandate
SGSS in Italy has been selected by Fondapi, a pension fund for small and medium sized enterprises, to provide depositary services, consolidating a relationship that has lasted since 2004.