Jim Kelligrew, vice chair of corporate and commercial banking at U.S. Bank, will be retiring from the company on June 30. Gunjan Kedia will assume an expanded leadership role, overseeing a combined wealth management and investment services and corporate and commercial banking organisation. Kedia is a company vice chair and has been with U.S. Bank,…
Category: Bank Providers
Loomis Sayles selects Mercatus
Loomis Sayles, an affiliate of Natixis Investment Managers with USD282bn AuM, has selected Mercatus as its technology partner for private markets investments, starting with its private credit business, launched in 2021. The collaboration with Mercatus, a State Street company, will build on Loomis Sayles’ existing relationships with both State Street and Charles River Development. The…
Northern Trust launches mobile app for FOS
Northern Trust has introduced a mobile app for its Front Office Solutions (FOS) platform. The app is available on the Apple App store for iOS devices and Google Play for Android devices. FOS is a cloud-based investment lifecycle platform that enables investment offices to view and analyse portfolio and investment information across all asset classes…
Holland College selects Northern Trust
In Canada, Northern Trust has been selected by Holland College to provide asset servicing solutions including custody, investment risk & analytical services and benefit payment services. Holland College provides hands-on, industry-focused training to individuals on Prince Edward Island, Canada.
BNPP upgrades CapLink
BNP Paribas’s securities services business has upgraded its digital offering to alternative fund managers and their investors with the release of two enhanced solutions: CapLink Investor and CapLink Private. CapLink Investor is a platform for fund managers, investors, and authorised contacts, offering information and insights across their fund holdings. CapLink Private offers digital reporting through…
U.S. Bank invests in Versana
U.S. Bank Investment Services has joined the latest fundraising round by Versana, a fintech focused on the syndicated loan market. As a leading trustee, particularly for CLOs, which make up 70pct of the institutional loan market, U.S. Bancorp is Versana’s first buyside-focused investor, which Versana hopes will assist in creating a network effect with the…
U.S. Bank hires GFS president
U.S. Bank has appointed Jay Martin as president, global fund services. Martin will join the senior leadership team of U.S. Bank’s Wealth Management and Investment Services (WMIS) division. He will be based in Milwaukee. The position has been vacant since Joe Neuberger left in late 2022. Christine Waldron, chief product officer for WMIS, has been…
Deely joins SEI in global role
Michele Deely has joined SEI as head of global solutions, based in Ireland. She was most recently at Coremont, and previously spent 17 years at IFS/State Street.
Arcesium launches data platform
Arcesium, the fintech in which J.P. Morgan holds a stake, has launched Aquata, an “out-of-the-box” data platform. Aquata is engineered to support various client types, including institutional asset managers, private markets investors, custodians, fund administrators, prime brokers, and hedge funds, to manage their investment data. With Aquata’s pre-built data models and connectors, combined with its…
Swift appoints new chair
The Swift board of directors has elected J.P. Morgan’s Graeme Munro as non-executive chair, and Samantha Emery of Lloyds Banking Group as non-executive deputy chair. The appointments follow the decision of Yawar Shah, chairman for 16 years, to stand down.