Charles River Development, a State Street company, is collaborating with DirectBooks, enabling investment firms to manage primary issuance workflows in the Charles River Investment Solution (Charles River IMS). DirectBooks optimises primary issuance of fixed income securities by streamlining communications workflows between underwriters and institutional investors. Currently, 22 underwriters and over 250 institutional investors, including 17…
Category: State Street
BBH announces four RMs for inserv business
In the clearest signal yet that the State Street deal to acquire Brown Brothers Harriman’s investor services business in far from certain, BBH has announced four new senior relationship managers. Mariana Kelly joins from BNY Mellon where she worked as a relationship manager for Latin American clients and held roles in business development, project and…
ART consolidates with State Street
Local media reports in Australia suggest that the AUD230bn (USD148bn) Australian Retirement Trust has consolidated custody and administration with State Street. ART was formed following the merger of QSuper and Sunsuper. QSuper, the larger of the two funds, had previously used Northern Trust, whilst State Street serviced Sunsuper.
CRD hires BNY Mellon veteran
Jeremy Shaw has joined Charles River Development, a State Street company, as a relationship manager in the UK. He previously spent more than 13 years at BNY Mellon.
U.S. Bank adds to senior management team in Lux
U.S. Bank has appointed Bardad Sambou as managing director – operations and client service, in Luxembourg. This follows the recent promotion of Didier Delvaux, head of Luxembourg, to head U.S. Bank’s global fund services business in Europe. Sambou previously spent more than 16 years at State Street.
State Street hires for senior Asian TA role
State Street has hired Aaron Ng as head of transfer agency client services & operations for Hong Kong & Japan, He is based in Hong Kong. He spent more than nine years with HSBC in Hong Kong, most recently as senior product manager, global distribution support & transfer agency services, before leaving in 2020.
SS&C hires State Street veteran
John Mason has joined SS&C in the UK as a sales director for the asset & wealth management sector. Mason previously spent nearly 25 years with State Street, most recently as a business development manager in Singapore.
THE LONG & WINDING ROAD
State Street has not had a good week. However much lipstick you put on a pig, it’s still a pig. State Street will be very relieved to see the back of this particular pig, preferably as a nice plate of bacon. Q3 earnings were modest at best, rescued by net interest income, which rose 36pct…
Chakar leaves State Street
Nadine Chakar is to leave State Street. She joined from Manulife Investment Management in 2019 to run the bank’s global markets unit, and was subsequently appointed in 2021 to head the new digital business.
State Street opens in Chile
State Street has opened an office in Chile to support institutional clients in Latin America, with a focus on custody, fund administration and securities lending. Alberto Menendez will lead the Chile office, and act as sales representative for Chile and Peru. He will report to Maria Ximena Vasquez Barbosa, regional sales head for LatAm and…