State Street has confirmed that it expects to close the deal to acquire BBH’s investor services business by the end of the second quarter. State Street pointed to a protracted regulatory approval process as one reason for the delay.
Category: State Street
IQ-EQ hires State Street PE veteran
IQ-EQ has appointed Ray Murphy as senior managing director of accounting & CFO services in North America. In this newly created role, Murphy will drive IQ-EQ’s efforts to grow its outsourced CFO business in the U.S., with a particular focus on private equity clients. He joins from State Street. IQ-EQ first entered the U.S. alternative…
Charles River partners with Precisely
Charles River Development, a State Street company, has formed an alliance with Precisely, a data integrity specialist. Precisely’s data governance solution, Data360 Govern, will be incorporated into the State Street Alpha data platform to provide streamlined governance, lineage, and cataloguing capabilities.
Charles River partners with LedgerEdge
Charles River Development, a State Street company, has partnered with LedgerEdge to provide investment managers with access to corporate bond liquidity from the LedgerEdge ecosystem through the Charles River inventory hub and order and execution management system (OEMS). LedgerEdge uses DLT to modernise institutional-grade trading services and protocols. Charles River’s inventory hub delivers an aggregated,…
Gareth McKeon joins Gen II
Gareth McKeon has joined Gen II Fund Services in Luxembourg. He was previously at State Street. Gen II is thought to be the largest independent private capital administrator, with USD650bn AuA.
Charles River hires chief product officer
Charles River Development, a State Street company, has appointed Nidhi Singh as chief product officer. In this newly created role, she will lead CRD’s technical product strategy and product marketing, including the identification, development and execution of the overall product roadmap and integration with the State Street Alpha platform strategy. Singh previously led global technology…
Gemini acquires Omniex
Gemini, the crypto firm founded by the Winklevoss brothers, has acquired Omniex, a trading technology platform that provides order, execution, and portfolio management system solutions for institutional crypto trading. Omniex was founded by CEO Hu Liang and chief strategy officer John Burnett, both of whom worked at State Street. As part of this acquisition, the…
NPS expands relationship with BNY Mellon
National Pension Service of Korea (NPS), thought to be the world’s third largest pension fund, has expanded its agreement with BNY Mellon to include middle office, accounting and risk solutions, delivered through BNY Mellon’s OMNI platform. NPS appointed BNY Mellon in 2018 as its global custodian for its fixed income portfolios, which were recently onboarded.…
Raytheon expands relationship with State Street
Raytheon Technologies, the U.S.-based aerospace and defence company, has renewed and expanded its agreement with State Street as trustee, custodian, asset manager, securities lending agent and transition manager for the Raytheon Technologies Corporation Savings Plan Master Trust, a USD54bn master trust which holds assets for all U.S.-based defined contribution plans sponsored by Raytheon Technologies. As…
State Street hires for Nordic sales
State Street has hired Susanne Sørensen from Standard Chartered. Sørensen, who is based in Paris, will focus on sales in the Nordic region, reporting to Jochen Kühn, head of coverage for Germany, Austria, Switzerland, the Netherlands, and the Nordics.