IQ-EQ, the Luxembourg-based investor services provider, has appointed Bertrand d’Anselme as the new CEO of IQ-EQ France. He joins from BNP Paribas, where he was most recently head of listed and OTC derivatives clearing services, Asia Pacific, based in Singapore.
Category: Bank Providers
State Street wins in Chile
State Street has been appointed to provide custody and fund order services for Confuturo, a Chile-based insurance company that is one of the largest providers of annuities in the country. In 2022 State Street opened an office in Chile.
MUFG to boost banking solutions
MUFG Investor Services, which has USD770bn AuA, plans to expand its banking solutions to address client demand for payment and cash management services. To support this strategy, Adil Rehman has been appointed managing director, global head of payments and liquidity. Rehman was most recently international head of transaction banking at Goldman Sachs.
Northern Trust builds links with Singapore digital think tanks
Northern Trust, the National University of Singapore’s School of Computing (NUS Computing) and Asian Institute of Digital Finance (NUS AIDF) have embarked on a series of research and industry development initiatives to advance efforts to define the future of blockchain for institutional investors. The partnership includes: A joint research project on custody in the age…
Alger moves to BNY Mellon
Fred Alger Management, LLC, a privately-owned USD22bn growth equity investment manager, has appointed BNY Mellon to provide global fund services, as well as portfolio accounting, performance measurement and data management solutions. Alger expects to complete this transition by early 2024. Two of the outgoing providers are thought to be BBH as custodian, and UMB as…
Ocorian hires from BNY Mellon
Ocorian, the C.I.-based provider of corporate and fiduciary, fund administration, and capital markets services, has appointed Christoph Schwarz as business development director, capital markets, focusing on financial institutions and law firms in the UK and Europe. Based in London, he was previously at BNY Mellon in its corporate trust team.
Citi wins NHI&S mandate
Citi has been selected by NH Investment & Securities Co., Ltd. (NHI&S) as its global custody provider as NHI&S expands its business model to include trustee services for private investment funds in South Korea. Founded in 1969, NHI&S is one of South Korea’s largest securities firms. Citi currently provides NHI&S with FX services as well…
Promotion for Donohue at State Street
State Street has appointed Jessica Donohue as head of global investment insights, sustainability and impact. Donohue succeeds Rick Lacaille who announced his retirement earlier this year. She will report to Lou Maiuri, president, chief operating officer, and head of investment services. In this role, Donohue will oversee State Street’s sustainability efforts with a focus on…
State Street opens in Colombia
State Street has continued its expansion into Latin America with the opening of an office in Bogota, Colombia. Andres Zambrano Burgl will manage the office and lead sales in the country, reporting to Maria Ximena Vasquez, State Street’s head of sales for Latin America and The Caribbean (ex Brazil). State Street opened an office in…
Inarcassa hires SGSS
Société Générale Securities Services in Italy has been selected as provider of custody and trustee services by Inarcassa, Italy’s national social assistance fund for self-employed engineers and architects, for a five-year term. Inarcassa has EUR13bn (USD14bn) AuM.