Northern Trust has completed the first stage toward an industry-wide voluntary carbon credit ecosystem that would allow institutional buyers to digitally access carbon credits from leading project developers. This follows Northern Trust’s milestone of completing fully automated transactions on the initial MVP digital carbon credit platform it has developed with carbon avoidance and removal project…
Category: Bank Providers
Northern’s FOS gains global mandates
Northern Trust has reported an expanding global presence for its Front Office Solutions (FOS) business, with the addition of new clients in EMEA. FOS has recently been deployed by three organisations – an asset manager, a university endowment and a pension fund – in EMEA with approximately USD75bn in assets. Globally, FOS has nearly USD500bn…
Waldron joins BNY Mellon
BNY Mellon has hired one of the superstars of the global investor services business. Christine Waldron is joining as head of fund services, having worked for nearly 25 years at U.S. Bank, most recently as chief product officer for the wealth and investment services business lines. She replaces Alan Flanagan, who has been appointed head…
Fundrella appoints COO
Fundrella AB, the Sweden-based fintech, has appointed Struan Malcolm as chief operating officer. Malcolm was most recently head of Nordic sales for Northern Trust’s asset servicing business. Fundrella is a matchmaker in asset management, allowing professional investors to discover funds that align with their ESG criteria.
Northern Trust appoints HK head of asset servicing
Northern Trust has appointed Aisling Keane as head of asset servicing, Hong Kong. In this newly created role, Keane will lead Northern Trust’s asset servicing business in Hong Kong, Macau and Taiwan, responsible for overseeing the overall strategic direction for the asset servicing business and providing solutions to clients. Keane was most recently head of…
SGSS adds to UK client coverage team
In a move to “strengthen its UK client coverage”, Société Générale Securities Services has appointed Richard Davis as sales director and has extended the role of Steve Gutowski, the UK sales director, to cover financial institutions, broker/dealers, and banks. Both are based in London and report to Alessandro Cavallari, head of international sales at SGSS.…
Zodia appoints CFO
Zodia Custody, the UK-based digital assets custodian, has appointed Jonathan Hugh as chief financial officer. He joins from GSR, where he held a similar role.
Ultimus hires from State Street
Ultimus Fund Solutions, the U.S.-based provider of fund administration, accounting, and investor solutions, has hired Steve Scaringe as a senior vice president, business development. In this role, he will focus on providing enterprise-wide service solutions to institutional investment managers. Scaringe has worked for J.P. Morgan and, most recently, State Street.
Parkes joins BNY Mellon
Shaun Parkes has joined BNY Mellon as head of insurance and investment management. Based in London, he reports to Ed Fandrey, head of Global Client Management, and joins the GCM leadership team. Parkes previously held leadership, sales, and product roles over two decades of experience at J.P. Morgan in both Europe and Asia, including his…
Slater to retire from BNY Mellon
James Slater, CEO of BNY Mellon’s corporate trust business, is to retire at the end of September. Slater, who has run the corporate trust business since 2022, was one of the original CIBC executives to join the CIBC Mellon joint venture at its formation in 1996 before moving to BNY Mellon in 2010. He served…