IHS Markit, the provider of market information, analytics and solutions, has acquired Cappitech, a privately held Israeli company which provides regulatory reporting, best execution analysis and business intelligence solutions. Terms were not disclosed.
Category: FinTech
Westwood outsources trading to Northern Trust
Northern Trust has been selected by Westwood Holdings Group to provide outsourced trading through its Integrated Trading Solutions service. In this role, Northern Trust will assume responsibility for equity and fixed income trading and middle office trade settlement support for the USD12bn asset manager.
HQLAx secures new funding for collateral platform
HQLAᵡ, the Luxembourg-based fintech provider, has secured EUR14.4m Series B funding from BNY Mellon, Goldman Sachs, BNP Paribas Securities Services, Citigroup and its existing shareholder, Deutsche Börse. The funding will be used to accelerate the core premise of the HQLAᵡ platform – helping the industry address European collateral fragmentation by extending its connectivity to leading…
State Street joins industry collaboration on new ops tech for asset managers
PIMCO, Man Group, IHS Markit, State Street, Microsoft and McKinsey & Company have announced their intention to form a new UK-based technology-led company, HUB, to build a cloud-based operating platform aimed at transforming asset managers’ operations technology. The company selected Microsoft as its technology platform provider to empower HUB to develop its asset management operating…
Amundi US to use Archer platform for new SMAs
Amundi US (formerly Amundi Pioneer), the U.S. business of one of the world’s ten largest asset managers, is launching a series of separately managed account (SMA) investment strategies that will provide individual clients with access to more customised investing solutions. The firm will use the technology and infrastructure platform of Archer, a provider of middle…
North Reef Capital Management appoints SS&C for front-to-back solution
North Reef Capital Management, a U.S.-based start-up long/short equity fund manager, has selected SS&C‘s front-to-back office solution to run its operations. North Reef will deploy Eze technology and SS&C’s fund administration services.
IQ-EQ acquires Constellation
IQ-EQ, the Luxembourg-based administrator, has completed the acquisition of Constellation Advisers LLC, a U.S.-based co-sourced and outsourced investment management services provider, following receipt of all necessary regulatory approvals. Constellation Advisers, which has 115 employees across six U.S. offices, provides customised solutions to a range of traditional and alternative investment management firms, including private equity, real…
Sudrania acquires Triple Leo Consulting to boost digital presence
Sudrania Fund Services, a U.S.-based administrator, has acquired the primary assets of Triple Leo Consulting, a U.S.-based fund administrator that specialises in crypto and digital assets fund administration. Terms of the deal were not disclosed. TLC founder Mike Quinn joins Sudrania in an advisory role and TLC’s entire staff has joined Sudrania’s team. This acquisition…
MJ Hudson acquires PERACS
MJ Hudson, the UK-based asset management consultancy, has acquired PERACS, a fund and portfolio performance specialist. The PERACS business will operate under the name of MJ Hudson Fund Performance Analytics. This is the fourth acquisition by MJ Hudson’s Data & Analytics division in two years: Meyler, a marketing analytics business; Spring Associates Responsible Investor Services,…
Liberty appoints Stonegate/Securitize for new digital RE fund
Liberty Equity Management, a U.S.-based manager specialising in the tokenisation of commercial real estate investments, has appointed Stonegate Global Fund Services, in partnership with Securitize, to provide fund structuring, administration and tokenisation services for its new net lease security token fund. The Cayman and U.S. fund structure will enable both U.S. and global investors to…