K2 Asset Management has appointed State Street Australia Limited as the fund administrator in Australia for the Cosmos Purpose Ethereum Access ETF (Cboe: CPET). CPET’s underlying asset is the Purpose Ethereum ETF which is managed by Purpose Investments and quoted on the Toronto Stock Exchange. The Purpose Ethereum ETF has been established to buy and…
Category: Bank Providers
HSBC appoints head of APAC & MENAT
HSBC has appointed Rafael Moral as regional head of Asia-Pacific & MENAT for its securities services business. Based in Hong Kong, he will report to Richard Godfrey, global co-head of securities services and co-head of securities financing. Moral is currently head of strategy for markets & securities services. He replaces Brian Godins, who retired earlier…
Northern Trust teams up with Commcise
Northern Trust has enhanced the commission management process for its Integrated Trading Solutions clients through a collaboration with Commcise, a provider of cloud-based software solutions, including commission management and aggregation services, research valuation, consumption tracking and share-of-wallet reporting. The Commcise platform provides managers with automated soft dollar reconciliation, invoice/contract management, commission targeting, broker voting, commission…
BP2S makes senior hire for Americas
BNP Paribas Securities Services has appointed Chris Richmond as head of the asset owner, asset manager and alternatives client lines for the Americas. He will report to Dennis Bon, head of BNP Paribas Securities Services in the Americas, Arnaud Claudon, global head of asset managers and owners, and Patrick Hayes, global head of alternative investors.…
Apex hires product transformation manager
Ken McCarney has joined Apex as product transformation manager, based in Dublin. He was previously CEO of Epoch Alpha Partners, and also spent almost 12 years at MUFG Investor Services, latterly as CEO in Ireland.
CFT ETF platform links issuers with service providers
Consortio Funds Trust, a start-up platform, has assembled a group of leading service providers from across the ETF industry. The providers aim to help create and grow ETFs, providing an integrated, cost-effective, and turnkey solution to support ETF sponsors in planning, launching, operating, and growing their exchange-traded products. CFT is designed to be a collaborative…
Mark England to run Citi’s ANZ securities services business
Citi has appointed Mark England as head of securities services for Australia and New Zealand. He replaces Martin Carpenter, who retires after 13 years in the role. England, who is currently based in Hong Kong as head of custody & fund services sales for Asia Pacific, will relocate to Australia. He will retain his existing…
Zodia Custody links to Fireblocks
Zodia Custody, the UK-based crypto asset servicing provider for institutional investors, has established a deal with Fireblocks, the U.S.-based provider of digital asset and crypto technology, to enhance Zodia’s’s connectivity offering and give institutional investors direct access to the Fireblocks network, a global crypto capital markets gateway. The integration will allow Zodia’s institutional clients to…
BNY Mellon veteran to head EDB
David Claus is to become the new CEO of European Depositary Bank, which has been owned by Apex since 2017. The Luxembourg-based bank provides depositary services for >USD300bn of client assets. Claus will join from BNY Mellon, where he spent more than 20 years, most recently as head of Luxembourg.
U.S. Bank hires CCO for Ireland
Tony O’Brien has joined U.S. Bank Global Fund Services as chief commercial officer for Ireland. O’Brien was previously at BNY Mellon, where he spent 25 years, most recently as a senior business development manager in Ireland.