Theresa Messina has joined Principal Asset Management as managing director, investment operations. She joined BNY Mellon in 2017 to lead the middle office services business.
Category: Bank Providers
Higgins to run GFS AsPac for NTRS
Northern Trust has named Caroline Higgins as head of Global Fund Services (GFS), Asia Pacific. Higgins will be responsible for overseeing services to global investment managers including fund administration, depositary, global custody, transfer agency, investment operations outsourcing and data solutions. Higgins, who joined Northern Trust in 2016, was most recently head of Hong Kong, Macau,…
SGSS wins EUR2bn Italian mandate
Solidarietà Veneto Fondo Pensione, which has over 140 thousand members and AuM of EUR2bn (USD2.2bn), has appointed SGSS in Italy to provide custody and bank services for the decade 2023-2033.
State Street consolidates in India
State Street is streamlining its operating model in India and intends to assume full ownership of the company’s joint venture with the Atos Group (originally established with Syntel, Inc.). This consolidation is expected to be complete by the fourth quarter of 2023. State Street has a long-standing presence in India and has partnered with Syntel/Atos…
ZILO launches in UK
ZILO, the UK-based fintech specialising in transfer agency, has gone live with its SaaS technology platform for global transfer agency services. ZILO’s technology offers clients a global cloud-based TA solution, delivering a single platform across multiple jurisdictions. Launching first in the UK, ZILO will expand its coverage in 2024, including Luxembourg, Ireland and Asian markets.
State Street launches ETF portal in Australia
State Street has launched its Fund Connect ETF Portal in Australia. The portal offers online access for the creation and redemption of ETFs. This follows the 2022 launch of the platform in Singapore. Fund Connect ETF acts as a conduit between APs and issuers globally. It provides a single point of access to approximately 1,100…
Andrew Capon – RIP
It is with great sadness that I have to announce the death of Andrew Capon. Andrew was one of the most gifted journalists of his generation, covering both investment management and administration. He had a formidable intellect, and a wicked sense of humour. He was just 54 years old.
BBH strengthens EMEA sales team
Brown Brothers Harriman has expanded its investor services sales team in Europe. David Murphy and Andrea Murray join BBH as European business development managers for alternatives and ETFs respectively, while Holly Gardner takes on the role of head of business development for Luxembourg. Murphy joins BBH’s alternatives team after most recently leading business development at…
State Street to service abrdn’s European ETF
State Street has been appointed by abrdn, the UK-based asset manager with GBP500bn (USD643bn) AuM, to service its first actively managed ETF in Europe, the abrdn Global Real Estate Active Thematics UCITS ETF. State Street will provide abrdn with custody, fund accounting, order-taking, transfer agency and ETF servicing.
Ocorian hires global head of fund accounting
Ocorian, the C.I.-based provider of alternative fund services, has appointed Eamon Burns as global head of fund accounting. Previously Burns was EMEA head of private markets accounting at BNY Mellon, based in Dublin.