SANNE, the UK-based provider of alternative asset and corporate business services, has appointed Daryn Kerr as global head of technology change. He will lead the establishment of SANNE’s enterprise architecture and technology portfolio to reflect and augment the group’s global strategic goals. He will work closely with SANNE’s chief technology officer, Marie Measures, in the…
Category: FinTech
SS&C to acquire Innovest for USD120m
SS&C has entered into a definitive agreement to acquire Innovest Systems for USD120m. New York-based Innovest builds systems for trust accounting, payments and unique asset servicing. The parties expect that the transaction will close in Q2 2020. The acquisition adds more than 150 full-time employees in New York, California, and Texas. Innovest’s flagship product, InnoTrust,…
Northern Trust partners with IdealRatings for ESG analytics
Northern Trust has partnered with IdealRatings to enhance its analytical capabilities for investors’ environmental, social and governance (ESG) risk exposures. The ESG Analytics Summary provides investors with periodic snapshot analysis across their equity and corporate bond portfolios, setting out investment scores against a range of ESG factors, UN global compact principles and business activity flags.
Northern Trust hires Alison Pain as CTO for EMEA
Northern Trust has named Alison Pain as chief technology officer (CTO) for Europe, Middle East & Africa. Based in London, Pain will lead the planning, organisation, direction and control of the enterprise technology business unit across EMEA. She reports to Tom South, chief information officer at Northern Trust, with a local reporting line to Teresa…
State Street forms alliance with Virtus for CDO/CLO processing
State Street has formed an alliance with Virtus from FIS to provide collateralized loan obligation (CLO) and collateralized debt obligation (CDO) technology management solutions to clients in the United States and Europe. Through this alliance, State Street will leverage Virtus’ business process-as-a-service solution to provide services jointly to CLO and CDO clients. Virtus will deliver…
BBH appoints Keith Haberlin as head of fintech
Brown Brothers Harriman has appointed Keith Haberlin as head of fintech, with responsibility for fintech products, execution, relationship management and sales. The fintech business provides middle office technology and services to asset managers, including Infomediary technology for data messaging and connectivity. Haberlin takes over from Mike McGovern, who has served in the role since 2017.…
AEG selects SS&C’s Precision LM loan servicing platform
American Enterprise Group has selected SS&C’s Precision LM platform for loan servicing, accounting, asset management, valuation, and reporting. AEG has multiple insurance company subsidiaries under the American Republic, Great Western Insurance Company, and Medico brands.
SANNE hires Christopher Thoume for prod dev role in London
SANNE, the UK-based provider of alternative asset and corporate services, has appointed Christopher Thoume as director, product development in its London office. He will specialise in the development of SANNE’s product and digital solutions. He was previously the chief of staff to KPMG’s global head of fintech and COO of its UK blockchain and digital…
Genesis IM takes Northern’s ITS solution for global equities
Northern Trust is to provide its Integrated Trading Solutions service to UK-based Genesis Investment Management for global equity trading. Neil Dacey, head of trading at Genesis, will take up a management role in Northern Trust’s trading team overseeing emerging markets execution. This builds on Northern Trust’s existing fund administration and custody relationship with Genesis for…
BNY Mellon onboards Liontrust to upgraded MO platform
BNY Mellon has on-boarded Liontrust Asset Management Plc, a UK asset manager, as the first end-to-end client on its new investment operations (middle office) platform. The new open architecture platform, which is still branded as OnCore, aims to improve automation and integration capabilities, and offer enhanced data management and control capabilities to institutional asset managers.…