K2 Asset Management has appointed State Street Australia Limited as the fund administrator in Australia for the Cosmos Purpose Ethereum Access ETF (Cboe: CPET). CPET’s underlying asset is the Purpose Ethereum ETF which is managed by Purpose Investments and quoted on the Toronto Stock Exchange. The Purpose Ethereum ETF has been established to buy and…
Category: State Street
BP2S makes senior hire for Americas
BNP Paribas Securities Services has appointed Chris Richmond as head of the asset owner, asset manager and alternatives client lines for the Americas. He will report to Dennis Bon, head of BNP Paribas Securities Services in the Americas, Arnaud Claudon, global head of asset managers and owners, and Patrick Hayes, global head of alternative investors.…
CFT ETF platform links issuers with service providers
Consortio Funds Trust, a start-up platform, has assembled a group of leading service providers from across the ETF industry. The providers aim to help create and grow ETFs, providing an integrated, cost-effective, and turnkey solution to support ETF sponsors in planning, launching, operating, and growing their exchange-traded products. CFT is designed to be a collaborative…
Mark England to run Citi’s ANZ securities services business
Citi has appointed Mark England as head of securities services for Australia and New Zealand. He replaces Martin Carpenter, who retires after 13 years in the role. England, who is currently based in Hong Kong as head of custody & fund services sales for Asia Pacific, will relocate to Australia. He will retain his existing…
State Street goes live in Singapore with Fund Connect ETF portal
State Street has gone live in Singapore with Fund Connect ETF, a global primary market ETF portal with access to more than 960 ETFs. Fund Connect ETF is an online fund portal for the creation and redemption of ETFs, designed as a single point of access for sponsors. The portal’s automated order placement solution and…
State Street Digital hires senior tech managers
State Street Digital has appointed Rob Otter as head of blockchain engineering and Nitin Gaur as digital technology strategy lead. Otter, based in London reports to Aman Thind, chief technology officer of State Street Digital. Gaur, based in Austin, Texas, will report to Otter. Otter joins State Street from JPMorgan Chase, where he was CTO…
State Street partners with Paxos in T+0 pilot
Paxos, the regulated blockchain infrastructure platform, has partnered with State Street to integrate State Street’s custody services into the Paxos Settlement Service. As part of the pilot, State Street was able to simulate the settlement and custody of shares on the Paxos platform and asset movements more efficiently. State Street was able to send settlement…
State Street to administer crypto ETF in Australia
K2 Asset Management has appointed State Street Australia Limited as the fund administrator and custodian in Australia for the Cosmos Purpose Bitcoin Access ETF (Cboe: CBTC), Australia’s first cryptocurrency ETF ultimately backed by physically settled Bitcoin. CBTC’s underlying asset is the Purpose Bitcoin ETF which is managed by Purpose Investments and quoted on the Toronto…
State Street makes senior management changes
State Street has made senior management changes. Lou Maiuri, currently COO, has been appointed as president and head of Investment Services and Eric Aboaf, CFO, to vice chairman. Maiuri and Aboaf will both continue to report to Ron O’Hanley, chairman and chief executive officer. Maiuri now has end-to-end responsibility for all facets of State Street’s…
HSBC hires new head of ANZ fund services
Chrys Wickremeratne has joined HSBC as head of fund services operations for Australia & New Zealand. He previously spent nearly eight years at BNP Paribas Securities Services. His appointment follows the recent hiring of Sinclair Scholfield from State Street as head of sales and client management for its securities services business in Australia and New…