State Street has launched a new digital asset pilot in collaboration with Gemini Trust Company, LLC, a cryptocurrency exchange and custodian. The pilot will combine Gemini Custody with State Street’s back office reporting, performing reporting scenarios on a user’s holdings within Gemini Custody. Initially, the pilot reports holdings of two cryptocurrencies chosen for liquidity reasons,…
Category: State Street
State Street confirms expansion of relationship with VanEck to include ETFs
State Street has confirmed that it has expanded its servicing arrangement with VanEck, the New York-based manager, to provide ETF services for nearly USD40bn of assets. As part of this arrangement State Street will provide a variety of back office services, including accounting and certain administration functions, for more than 60 VanEck funds. BNY Mellon…
State Street appoints Brian Franz as chief information officer
State Street has appointed Brian Franz as chief information officer. Franz, who joins the company in January 2020, will report to chief operating officer, Lou Maiuri, and will become a member of the management committee. Franz joins from Diageo PLC. His appointment follows the departure of Antoine Shagoury, the previous CIO, earlier this year, and…
Equity Trustees adds to State Street mandate in Australia
Equity Trustees, an Australian trustee company, has appointed State Street for custody and investment administration services for funds managed by Equity Trustees Wealth Services Limited. State Street will provide custody, fund accounting, regulatory reporting, compliance and tax services across a range of managed investment schemes and trusts.
Olga Jordão appointed head of State Street’s Paris branch
State Street has appointed Olga Jordão as manager of its Paris branch. Jordão will report to Stefan Gmuer, chief executive officer for State Street Bank International GmbH. Jordão will be responsible for managing the global services business in France.
Charles River appoints Spiros Giannaros as president
Charles River Development, a State Street company, has appointed Spiros Giannaros as president. In this role, Giannaros will be responsible for day-to-day operations of the company including product, development, sales and services for the Charles River Investment Management Solution. He will report to John Plansky, CEO. Most recently, Giannaros was head of platform strategies at…
Equity Trustees expands relationship with State Street in Australia
Equity Trustees, an Australian trustee company, has appointed State Street for custody and investment administration services for funds managed by Equity Trustees Wealth Services Limited. State Street will provide custody, fund accounting, regulatory reporting, compliance and tax services across a range of managed investment schemes and trusts.
State Street hires HSBC’s Cara Brosnan to head sector solutions for Aus & SE Asia
State Street has hired Cara Brosnan as head of sector solutions, Australia and Southeast Asia, a newly created role. Brosnan is based in Sydney, and leads sales across all of State Street’s products and client sectors including asset managers, asset owners, insurance, official institutions and alternatives in Australia and Southeast Asia. She reports to Jason…
David Suetens steps back from Lux role with State Street
After seven years at State Street, David Suetens has decided to take a step back, “for personal reasons”. Suetens will be replaced in his role as head of State Street’s Luxembourg businesses by Eduardo Gramuglia Pallavicino, but will continue in his role as a supervisory board member and chair of the risk committee of State…
Petroleum Development Oman hires State Street
State Street has been appointed by the Omani Staff Pension Fund for Petroleum Development Oman to provide custody and investment servicing solutions for >USD2.3bn AuM. PDO has been a client of State Street Global Advisors for several years, and this mandate represents a new collaboration for one of Oman’s largest private sector employers with State…