Northern Trust has launched the Northern Trust Carbon Ecosystem with the first live transactions on the blockchain-based platform which enables institutional buyers to digitally access carbon credits from leading project developers. The transactions were initiated by Water Recovery Systems IP Limited and CUT Carbon Distributed Technologies AG, which sold carbon credits to institutional buyers for…
Category: Bank Providers
Northern Trust launches APAC FI desk
Northern Trust has launched its Integrated Trading Solutions fixed income outsourced trading capability in APAC, provided through Northern Trust Securities in Australia. Northern Trust now offers 24/6 fixed income trading coverage from desks based in Chicago, London and Sydney.
Northern Trust makes senior management changes
Northern Trust has announced a number of leadership changes, effective Oct. 1, 2024. Pete Cherecwich, president of asset servicing, will become chief operating officer. In this newly created role, Cherecwich will focus on ensuring operational excellence and resiliency, effective risk management and controls, and scalable growth. Teresa Parker will defer her previously announced retirement and…
FINBOURNE raises funds
FINBOURNE Technology, a fintech specialising in data management for the investment sector, has completed a secondary funding round. This follows a Series B funding round of GBP55m (USD72m) in June 2024 and brings the total to over GBP100m (USD131m). It allows for six investors to follow-on from their original investment and four additional investors to…
BNY to acquire Archer
BNY has entered into a definitive agreement to acquire Archer Holdco, LLC a provider of managed account solutions to the asset and wealth management industry. Archer provides asset and wealth managers with middle- and back-office solutions to address the managed account needs of institutional, private wealth and retail investors.
GTCR buys AssetMark
AssetMark Financial Holdings, Inc., a wealth management technology platform for financial advisors, has completed its acquisition by GTCR, a private equity firm. The acquisition is valued at approximately USD2.7bn, The closing of the acquisition concludes its partnership with Huatai Securities. Concurrent with the closing, AssetMark announced the appointment of Lou Maiuri as chairman and group…
Challenger signs with State Street
Challenger Limited, the publicly listed Australian investment management firm, has appointed State Street to provide custody and, through State Street Alpha, back-, middle- and front office investment administration services, for a suite of listed and unlisted investment vehicles with AUD127bn (USD85bn) AuM. Challenger will be one of the largest investment managers in the region to…
ZILO hires COO
A major coup for ZILO, the UK-based fintech focused on TA and the client experience, which has appointed Jon Willis as COO. With 30 years of extensive industry experience across finance and technology sectors, he will report to CEO, Phil Goffin. He joins from HSBC Securities Services, where he was most recently global head of…
Collett joins Citco
Mark Collett has joined Citco as an SVP, business development, based in the UK. Collett spent over 12 years at Northern Trust, most recently as head of South East Asia business development.
Citi promotes Gramuglia
Citi has appointed Eduardo Gramuglia Pallavicino as the Citi country officer (CCO) & banking head for Luxembourg. His appointment is effective immediately, subject to regulatory approvals. He will continue in his current role as securities services head for Luxembourg. He joined Citi in 2023 as securities services head of Belgium, Netherlands and Luxembourg. Cilian O’Gogain,…