BNY Mellon has participated in a Series F financing round for Chainalysis, the blockchain data platform, which has raised USD170m, bringing its valuation to USD8.6bn. Chainalysis provides data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 70 countries. The data powers investigation, compliance, and market intelligence…
Category: Bank Providers
CIBC Mellon wins 10-year mandate from CAAT
CIBC Mellon has been awarded a 10-year mandate to provide asset servicing and digital solutions to Colleges of Applied Arts and Technology Pension Plan (CAAT) and its DBplus offering. CIBC Mellon and its partners, CIBC and BNY Mellon, will provide investment and pension servicing solutions to CAAT, including custody, accounting, securities lending, foreign exchange processing…
Northern Trust partners with Enfusion, Fenergo
Northern Trust has announced two fintech collaborations. First, it has established a relationship with Enfusion, a U.S.-based provider of cloud-native investment management software and services, to provide portfolio management, order and execution management system, and analytics capabilities to mutual clients. Through this collaboration, Enfusion and Northern Trust will offer asset manager, hedge fund and internally…
J.P. Morgan launches data platform
J.P. Morgan’s securities services business has launched Fusion, a data platform that delivers end-to-end data management and reporting solutions for institutional investors. Fusion will allow clients to integrate and combine data from multiple sources into a single data model that delivers the benefits of scale and reduced costs, along with the ability to more easily…
MUFG appoints head of new Cyprus office
MUFG Investor Services has appointed Yannis Matsis as managing director and head of the Cyprus office, the firm’s new operational centre located in Limassol, Cyprus. Matsis will be responsible for oversight of the firm’s local asset servicing footprint, growth within the local Cypriot market, and business expansion activities in Europe and the Middle East. Matsis…
IQ-EQ hires head of depositary
IQ-EQ has appointed Thomas Korteweg as head of depositary. He is based in the Netherlands. Korteweg joins from CACEIS.
State Street makes senior management changes
State Street has made senior management changes. Lou Maiuri, currently COO, has been appointed as president and head of Investment Services and Eric Aboaf, CFO, to vice chairman. Maiuri and Aboaf will both continue to report to Ron O’Hanley, chairman and chief executive officer. Maiuri now has end-to-end responsibility for all facets of State Street’s…
Northern Trust appoints KSA country head
Northern Trust has appointed Kholoud Al Dosari as country head for Northern Trust in Saudi Arabia. Based in Riyadh, Al Dosari oversees the strategic development, business growth and operations of Northern Trust’s asset servicing business in the country. Prior to joining Northern Trust, Al Dosari had served as non-executive independent board member for Northern Trust…
Citco hires two senior managers
Michael Gallo has joined Citco as an EVP on the hedge fund relationship management team, based in the U.S. He previously spent 13 years at BNY Mellon. Separately, Ainun Ayub has joined Citco as global product head for real assets, based in the UK. She was previously at BBH, where she was responsible for product…
BNPP’s Manaos platform adds new client
Fondo di Previdenza Mario Negri, the Italian pension fund, has selected BNP Paribas Securities Services’ Manaos platform for its ESG data and analytics needs. Fondo di Previdenza Mario Negri is the pension fund for managers of commercial shipping and transport companies in Italy, with EUR3.9bn (USD4.1bn) AuM. The fund will be using the Manaos platform…