State Street has appointed Aman Thind to executive vice president and global chief architect, reporting to Brian Franz, global chief information officer. Thind is responsible for designing the strategy and driving implementation of State Street’s technology transformation and interoperable infrastructure. He will also play an integral role in advancing the company’s technology innovation, including building…
Category: State Street
State Street & U.S. Bank back Securrency
Securrency, a U.S.-based fintech, has raised USD30m in its latest funding round, which will be used to fund the company’s expansion plans. The Series B funding round included WisdomTree Investment, an existing investor, along with, inter alia, State Street and U.S. Bank. Securrency develops blockchain-based financial and regulatory technology.
State Street appointed as administrator for Iconic Bitcoin ETN
State Street has been appointed as the administrator of a planned Bitcoin-backed exchange traded note (ETN) issued by Iconic Funds BTC ETN GmbH, a subsidiary of Iconic Funds GmbH. The ETN will be listed on the Frankfurt Stock Exchange, following approval by BaFin, the German securities regulator. State Street will provide administration services to support…
Nomura expands use of Charles River IMS
Nomura Asset Management, a Japanese asset manager with approximately USD607bn AuM, is expanding its use of Charles River IMS. Nomura will implement Charles River’s strategic cloud solution on Microsoft Azure and adopt Charles River’s post-trade capabilities to further consolidate and simplify its investment operations. Nobuyuki Taguchi, senior managing director, Nomura, said: “Managing our post-trade operations…
State Street and S&P Global Trucost to offer enhanced ESG reporting
State Street has formed a strategic engagement with S&P Global Trucost that brings together State Street’s recently launched ESG Risk Analytics and Reporting capabilities and Trucost’s climate data and analytics. The agreement will allow State Street to overlay Trucost’s data intelligence on the risks and opportunities of climate change to build on State Street’s existing…
Invesco signs for State Street’s Alpha platform
State Street has entered into an agreement with Invesco Ltd., the U.S.-based asset manager with USD1.4trn AuM, which will result in Invesco adopting State Street Alpha, the first front-to-back asset servicing platform from a single provider for institutional and wealth management firms. The migration to Alpha is intended to simplify Invesco’s investment infrastructure to improve…
State Street plans ESG-aware commingled cash collateral service
State Street plans to roll out its agency lending program’s first ESG-aware commingled cash collateral reinvestment strategy. The agency lending team has partnered with State Street Global Advisors, its asset management business, to provide securities lending clients with a commingled cash collateral reinvestment strategy that follows short-term investment guidelines, while considering R-Factor, a proprietary ESG…
Renee LaRoche-Morris joins State Street from BNY Mellon
Renee LaRoche-Morris is joining State Street as the chief of staff to the COO, Lou Maiuri. She joins from BNY Mellon, where she has held multiple leadership positions across custody, finance, and investment management groups. Most recently, she was COO for BNY Mellon’s investment management group, with oversight for operations, technology, initiatives, and regulations impacting…
State Street to provide MO services to M&G via Aladdin platform
State Street has been appointed by M&G Corporate Services Limited, part of M&G plc, the UK-based asset manager with >GBP367bn (>USD500bn) AuM, to provide outsourced middle office services. The agreement builds on a 10-year strategic partnership with M&G that will see State Street extend its current fund accounting and custody services for the wholesale fund…
Pure Digital to deploy State Street’s Currenex platform for digital asset trading
Puremarkets Ltd, a UK-based business trading as Pure Digital, has entered into an agreement with State Street to deploy Currenex, State Street’s FX trading technology, as the infrastructure for Pure Digital’s new wholesale digital currency trading platform. Additionally, Pure Digital and State Street intend to further explore opportunities in the digital currency trading space. Pure…