Forstrong Global, the Canada-based asset manager, has appointed CIBC Mellon to provide asset servicing and digital solutions, including custody, accounting, recordkeeping, securities lending, financial statement preparation, investment data access and tax reporting. Established in 2001, Forstrong runs actively managed ETFs to capitalise on macroeconomic, geopolitical and other world trends for some of Canada’s largest financial…
Category: Bank Providers
Northern Trust partners with Finscape
Northern Trust has entered into an agreement with Finscape to provide clients with a comprehensive view of their fund distribution activity. By streamlining market intelligence gathering, the service – also called Finscape – aims to help address industry-wide challenges around data transparency. Under the agreement, Northern Trust will make Finscape available to its asset manager…
Broadridge hires new president of asset management solutions
Broadridge Financial Solutions, the U.S.-based fintech, has appointed Mike Sleightholme as president of its asset management solutions business. He will be responsible for driving Broadridge’s global asset management business growth, the strategic execution of client and market-focused solutions, and service delivery. Broadridge Asset Management Solutions supports hedge funds, asset managers, family offices, private debt/CLO managers,…
State Street appoints new country head for France
State Street has appointed Christophe Baurand as country head of France. Reporting to Denis Dollaku, executive management board member of State Street Bank International GmbH, Baurand began his new role in February 2022. He is responsible for leading the design and execution of State Street’s growth and client relationship strategy in France, strengthening the company’s…
SG hires former HSBC executive
Société Générale has hired Jane Karczewski as UK head of asset manager and hedge fund sales within its global markets business. Most recently, she was head of global custody at HSBC.
BNY Mellon RE specialist joins Sudrania
George Acosta has joined Sudrania Fund Services as SVP, real estate fund administration, based in New York. He was previously at BNY Mellon.
Commerz Real hires new Luxembourg head
Commerz Real, a subsidiary of Commerzbank specialising in real estate, has appointed Dirk Holz to head its Luxembourg business. He succeeds Jan-Peter Müller. Holz joins from RBC, where he was head of product management for private capital services.
ZEDRA acquires in Jersey
ZEDRA, the Switzerland-based provider of corporate services, wealth and fund solutions, plans to acquire BNP Paribas Jersey Trust Corporation Limited. The transaction is subject to regulatory approval. The trust company offers trustee and fiduciary services to its clients. The firm also has over a decade of experience providing trustee services to private equity and real…
State Street links to Pirum
State Street has integrated its Collateral+ platform with Pirum’s CollateralConnect service to support mutual clients with collateral management and optimisation. This collaboration builds on a series of investments in the Collateral+ suite, which was recently expanded to include a tri-party service, which enables buy-side firms to optimise collateral usage and efficiency when posting margin to…
CBI fines BNY Mellon EUR10.78m
The Central Bank of Ireland has reprimanded and fined BNY Mellon Fund Services (Ireland) DAC EUR10.78m (USD11.8m) for 16 regulatory breaches relating to the outsourcing of fund administration. In a statement, CBI said: “The 16 breaches arose because of BNY DAC’s failure: to have in place an adequate outsourcing governance framework; to comply with its…