Northern Trust has launched a feature within its Front Office Solutions business that uses machine learning to help asset allocators gain better control of their research process. The new feature leverages knowledge of a user’s past behaviour to tag research management documents with intelligently suggested attributes before uploading them to the Front Office Solutions platform.…
Category: Bank Providers
Indea appoints BP2S for VCC servicing
Indea Capital Partners has appointed BNP Paribas Securities Services to provide services to its sub-fund set-up under Singapore’s Variable Capital Company (VCC) structure. Indea is a Singapore-registered fund manager focused on advising clients on alternative investments. As part of the mandate, BP2S will provide Indea with global custody, hedge fund administration, investor services and financial…
BetaShares hires Citi for custody & fund admin
Citi has been appointed by BetaShares, an Australian fund manager, as provider of custody and fund administration services. BetaShares is said to manage the broadest range of ETFs in the Australian market, with AUSD21bn (USD15.5bn) AuM. In Australia, Citi has added 24 new clients in the past 18 months, primarily as a result of a…
BNP Paribas signs PB client referral agreement with Credit Suisse
BNP Paribas has signed a referral agreement with Credit Suisse to support its prime services and derivatives clearing clients in their selection of alternative providers after Credit Suisse announced its exit from the prime services business. This follows BNPP’s 2019 agreement to acquire Deutsche Bank’s electronic equities and prime brokerage business.
Clayton Da Silva joins FAB in senior client management role
Clayton Da Silva has joined First Abu Dhabi Bank as head of securities services client management, based in Abu Dhabi. He was previously at Northern Trust, and has also worked for J.P. Morgan and BBH.
Cesar Estrada joins Arcesium
Cesar Estrada has joined Arcesium, a U.S.-based fintech and administrator that is partly backed by J.P. Morgan, as its private markets segment head. He was previously at State Street.
CRD names new head of EMEA
Charles River Development, a State Street company, has appointed Caroline O’Shaughnessy as head of EMEA, where she will be responsible for all business oversight within the region. She joins from The London Stock Exchange Group, where she was chief client officer, global head of sales and marketing for its information services division, and group head…
Citi & SimCorp form data management alliance
SimCorp and Citi have formed an alliance through which Citi’s securities services business will integrate post-trade custody data with SimCorp to offer a front-to-back user experience for mutual clients. The collaboration brings together SimCorp’s technology and service solutions with Citi’s proprietary custody network to help clients with data consolidation and consumption, and enhance productivity. The…
BP2S appoints new head of markets & financing services
BNP Paribas Securities Services has appointed Frédéric Pascal as head of markets and financing services (MFS). He will be responsible for MFS products and services, including securities lending, FX, triparty collateral management, and financing. He joined the bank in 1999 and is based in Paris. He replaces Eric Deudon, who is leaving the bank.
CIBC Mellon expands in Quebec
CIBC Mellon is expanding its coverage in the Province of Quebec to support growing regional client needs. The Quebec expansion follows the company’s expansions in Mississauga in 2016 and Winnipeg in 2019. CIBC Mellon has appointed Michael Graham to lead the provincial growth strategy. The first phase of the company’s plan expands its bilingual relationship…