HSBC has hired Matt Bowen as head of securities financing, Americas. He is based in New York and reports to Loic Lebrun, global head of prime finance, and Jean-Michel Meyer, global head of repo. He joins from BNP Paribas where he was head of US prime finance platforms. HSBC’s securities financing business includes prime finance,…
Category: Bank Providers
CACEIS implements Cardabel for MO
CACEIS has implemented Cardabel‘s machine learning technology for its middle office. Cardabel is a French fintech company specialising in financial data analytics.
BP2S signs EUR16bn deal with Van Lanschot Kempen
BNP Paribas Securities Services has signed a strategic partnership with Van Lanschot Kempen (VLK) which includes two new mandates covering EUR16bn in assets (USD18.5bn). VLK is a Netherlands-based specialist independent wealth manager. As part of this partnership, BP2S will provide Kempen Capital Management, the asset management arm of VLK, with global custody, depositary bank, fund…
Chris Cox heads for senior TTS role with Citi
Chris Cox has been appointed as global head of trade and working capital solutions in Citi’s treasury & trade solutions group (TTS). He will report to Shahmir Khaliq, global head, treasury and trade solutions, based in London. Cox is currently the global head of data, digital & strategic programs for securities services, EMEA head of…
State Street wins digital custody mandate
State Street has been appointed to provide custody services to the Digital Securities Depository Corporation (DSDC). DSDC operates a cross-border securities settlement infrastructure with third-party regulated financial institutions to create, issue and service digital depositary receipts (DDRs) in the US public market. The securities underlying the DDRs will include the non-US listed equity securities DSDC…
Conor O’Brien joins Crestbridge
Crestbridge, the C.I.-based administrator, has appointed Conor O’Brien as head of accounting and transfer agency for Ireland. He joins from SGSS.
CIBC Mellon establishes Indigenous Asset Servicing unit
CIBC Mellon has established an Indigenous Asset Servicing Unit to serve its growing client base of First Nations and Indigenous Institutional Investors. The new unit will deploy asset servicing and digital solutions developed to service Indigenous Governments, First Nations, Indigenous Asset Managers and Indigenous Asset Owner organisations. CIBC Mellon has appointed Trish Roberts as assistant…
BBH rolls out Infuse TA
BBH has deployed Infuse Transfer Agency to its TA clients. Infuse TA is a digital experience integrated into BBH’s Infuse client portal, providing clients with a single view, in real time, of their entire investor onboarding process and shareholder register. Launched in 2020, over 60 asset managers distributing globally now have access to Infuse TA.…
Nationwide adds to BP2S mandates
Nationwide, the world’s largest building society, has appointed BNP Paribas Securities Services to provide triparty collateral management and global custody services for its non-UK assets. The selection of BP2S’s triparty collateral management services helps Nationwide meet its obligations under Wave 5 of the initial margin rules. These require financial institutions to post collateral to back…
BP2S upgrades triparty collateral management service
BNP Paribas Securities Services has upgraded its triparty collateral management service to support synthetic securitisation and collateralised note structures, bringing greater operational efficiency and protection to those structures. The service will enable the proceeds of notes issuance to be transformed through securities finance transactions – or a cash loan secured with securities – efficiently and…