It is with great sadness that I have to announce the death of Andrew Capon. Andrew was one of the most gifted journalists of his generation, covering both investment management and administration. He had a formidable intellect, and a wicked sense of humour. He was just 54 years old.
Category: State Street
State Street to service abrdn’s European ETF
State Street has been appointed by abrdn, the UK-based asset manager with GBP500bn (USD643bn) AuM, to service its first actively managed ETF in Europe, the abrdn Global Real Estate Active Thematics UCITS ETF. State Street will provide abrdn with custody, fund accounting, order-taking, transfer agency and ETF servicing.
State Street wins in Chile
State Street has been appointed to provide custody and fund order services for Confuturo, a Chile-based insurance company that is one of the largest providers of annuities in the country. In 2022 State Street opened an office in Chile.
Promotion for Donohue at State Street
State Street has appointed Jessica Donohue as head of global investment insights, sustainability and impact. Donohue succeeds Rick Lacaille who announced his retirement earlier this year. She will report to Lou Maiuri, president, chief operating officer, and head of investment services. In this role, Donohue will oversee State Street’s sustainability efforts with a focus on…
State Street opens in Colombia
State Street has continued its expansion into Latin America with the opening of an office in Bogota, Colombia. Andres Zambrano Burgl will manage the office and lead sales in the country, reporting to Maria Ximena Vasquez, State Street’s head of sales for Latin America and The Caribbean (ex Brazil). State Street opened an office in…
State Street hires from SGSS
Olivier Blanc has joined State Street as head of global delivery for France. He was previously at Société Générale. In 2022 State Street hired Christophe Baurand, who had been global head of sales, marketing & solutions for SGSS, as country head for France.
State Street upgrades ETF E2E service
State Street has expanded its Alpha front-to-back asset servicing platform to support the entire ETF lifecycle with front, middle and back-office capabilities, underpinned by the State Street Alpha Data Platform. The new offering integrates Charles River Development’s front office products with State Street’s ETF servicing capabilities to deliver end-to-end processing for ETF issuers across the…
Female majority on SG’s new ExCo
The new CEO of Société Générale, Slawomir Krupa, has appointed a new ExCo, which is comprised of 13 senior managers. Of these, seven are women. Compare this with, say, State Street, which has adopted a high profile over its commitment to the DE&I agenda. Its 11-member ExCo is comprised of nine men and just two…
State Street hires global head of agency SL
Patricia Hostin has been appointed as global head of agency securities lending at State Street. Hostin will report to Gino Timperio, global head of financing solutions. Hostin joins from BlackRock, where she was most recently managing director for its financial resource management, where she executed the firm’s global strategy for optimising capital and balance sheet…
State Street wins Bladex mandate
State Street has been appointed to provide custody services for Bladex, a Panama-based multinational bank established by the central banks of 23 Latin-American and Caribbean countries to promote foreign trade and economic integration in the region.