RBC Investor & Treasury Services has hired Paul Burd as managing director, global head of client operations. Burd will be based in Luxembourg, reporting to Francis Jackson, head of RBC I&TS. Most recently, Burd was the COO of Six Digital Exchange. Prior to joining SDX, Burd held a variety of roles at HSBC, Goldman Sachs,…
Category: Bank Providers
SGSS supports BTC ETF launched by Melanion Capital
Melanion Capital, a French asset management company regulated by the AMF, has launched a bitcoin ETF under the UCITS banner. The Melanion BTC Equities Universe UCITS ETF was launched on Euronext in October 2021 Melanion worked with SGSS throughout the planning and product design phase, which took two years, and subsequently appointed the bank as…
Northern Trust launches climate risk reporting service
Northern Trust has enhanced its ESG investment analytics to deliver new climate risk reporting for global institutional investor clients. The Climate Focus Report, part of Northern Trust’s ESG Insights suite of reporting solutions, offers clients a range of carbon metrics, physical risk and transition risk detail at the portfolio level. These include detailed emissions information,…
BNY Mellon adds senior RM in EMEA
Costas Tsilogiannis has joined BNY Mellon in a senior client relationship management role in EMEA. He was previously at SS&C Advent.
Citi wins lion’s share of BlackRock’s iShares rebalancing
Citi has emerged as the major winner in BlackRock’s rebalancing of its provider panel for the USD2.3trn iShares’ assets in U.S.-domiciled ETFs. The decision is the culmination of a nearly two year-long due diligence process with the selection of four of the leading custody banks to support the growth of U.S. iShares ETFs and strengthen…
BlueBox appoints Northern Trust for USD1bn Lux SICAV
Northern Trust has been appointed to provide fund administration, depositary, global custody and its Integrated Trading Solutions (ITS) to BlueBox Asset Management’s Luxembourg-domiciled BlueBox Global Technology Fund. Headquartered in Switzerland, BlueBox Asset Management was established in 2017. Its BlueBox Global Technology Fund (SICAV) has grown assets under management to more than USD1bn. The fund invests…
State Street deploys DLT for FX margin calculation
State Street, alongside Vanguard and Symbiont, have jointly completed the margin calculation process for a live trade of a 30-day foreign exchange forward contract through the use of Assembly, Symbiont’s distributed ledger technology. The firms have been actively exploring the application of blockchain technology to undertake margin processing for FX forwards and swaps, with the…
HSBC hires global head of investor services product
CP Yap, who was previously president and CEO of Computershare in Hong Kong, has joined HSBC as global head of investor services product, markets & securities services. He is based in Hong Kong, reporting to Sébastien Danloy, global head of investor services at HSBC, and Brian Godins, regional head of securities services, Asia & MENAT.…
Mark Snowdon joins StanChart
Mark Snowdon has joined Standard Chartered as head of insurance relationship management for Asia. Based in Hong Kong, he is responsible for managing and developing the bank’s financing and securities servicing insurance client franchise across Asia, incorporating custody, fund services, agency securities lending and prime services activities. He joins from Northern Trust.
Northern Trust deploys Broadridge’s SRD II solution
Broadridge Financial Solutions, the U.S.-based fintech, has delivered its full suite of Shareholder Rights Directive (SRD II) investor communication solutions to Northern Trust. These solutions are in use across Northern Trust’s global asset servicing business. Northern Trust is also using Broadridge’s SRD II-enhanced global proxy platform, which supports same-day meeting distributions, agenda translations, vote processing…