BNP Paribas has structured, tokenised and distributed a bond, the proceeds of which aim at refinancing a solar energy project sponsored by EDF through its subsidiary, EDF ENR. This native digital asset, issued on the public blockchain, represents the first renewable energy bond tokenisation in the project financing market. For this transaction, the BNP Paribas…
Category: Bank Providers
Coremont hires COO from State Street
Akbar Sheriff has joined Coremont, the UK-based fintech, as COO. Coremont, which was spun off from Brevan Howard in 2018, provides portfolio management technology and support across all investment management and trading functions. Its flagship software, Clarion, provides risk analytics and data across all asset classes, including rates, fixed income, credit, FX, equities, commodities and,…
HSBC wins GBP50bn Aviva RE mandate
HSBC and Mount Street Group have entered into a 10-year strategic agreement with Aviva Investors for asset servicing arrangements for its real assets business, covering GBP50bn (USD60bn) AuM. The mandate will see HSBC and Mount Street assume all fund administration and debt servicing functions on behalf of Aviva Investors’ real assets strategies. The mandate follows…
BP2S appoints new head of NZ
BNP Paribas Securities Services has appointed Iain Martin as head of New Zealand with effect from 1 October 2022. He is based in Wellington and reports to David Banks, the acting head of securities services Australia and New Zealand. Martin, who joined the bank in 2003, was most recently head of relationship management and sales…
Aon appoints BNY Mellon executive as Netherlands CEO
Aon plc, a global professional services company, has appointed Leonique van Houwelingen as chief executive officer for the Netherlands, effective November 1, 2022, subject to regulatory approval. In 2021 van van Houwelingen was replaced as CEO of BNY Mellon’s European bank and took on a new role as EMEA head of strategic growth and regional…
Paul Heffernan joins Waystone
Paul Heffernan has joined Waystone as CEO of its ETF business. He previously spent six years at HSBC in senior European sales roles for the securities services business. He is based in Ireland.
Another BBH defection to BNY Mellon
Clare Donnellan has joined the UK & Ireland sales team at BNY Mellon, based in London. She was previously at BBH.
State Street & FactSet form data alliance
State Street and FactSet have established a partnership that integrates State Street Alpha and FactSet to streamline data flows across the front, middle and back-office through State Street’s Alpha Data Platform. The integration of State Street portfolio accounting data into FactSet’s performance attribution, risk and reporting capabilities will provide a more seamless client experience, with…
BNY Mellon appoints new CFO
BNY Mellon has appointed Dermot McDonogh as chief financial officer for the company, effective February 1, 2023. McDonogh will join on November 1, 2022, reporting to BNY Mellon’s CEO, and will join the executive committee. As CFO, McDonogh’s responsibilities will cover global financial strategy and financial operations, including finance functions, controllership, treasury, the chief investment…
Northern Trust wins Kuwait mandate
Northern Trust has been appointed by Arab Fund for Economic and Social Development (AFESD) to provide a range of asset servicing solutions covering global custody, financial reporting, securities finance, private equity administration, performance measurement and compliance monitoring. AFESD, based in Kuwait, is a regional financial institution focused on funding economic and social development by financing…