NES Financial, the Silicon Valley-based administrator, has been appointed to administer a Salt Lake Opportunity Zone Fund for Hatteras Sky, a commercial real estate development firm.
Category: FinTech
BNY Mellon partners with Milestone to offer new NAV services
BNY Mellon has launched a new suite of oversight and contingent net asset value (NAV) calculation solutions to complement its existing fund accounting capabilities. These new services are designed to drive greater transparency, efficiency and risk management for asset managers and asset owners. These expanded capabilities leverage the bank’s recent alliance with institutional investment solutions…
Fidelity hires Chris Tyrer to run digital assets business in Europe
Fidelity Investments is establishing a new entity to serve European institutions investing in digital assets. Fidelity Digital Assets, Ltd. will offer custody and trade execution services for digital assets to investors such as hedge funds, family offices and market intermediaries. This business builds upon the company’s 2018 launch of Fidelity Digital Asset Services in the…
HSS partners with AcadiaSoft for IMS
HSBC Securities Services will partner with AcadiaSoft to deliver a full end-to-end independent Initial Margin Service for its clients who are preparing for Phase 5 and Phase 6 regulatory initial margin. This functionality will enable HSS to calculate initial margin in compliance with the ISDA standard initial margin model (SIMM) independent of the clients’ counterparty.…
State Street partners with Gemini for digital asset reporting
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,…
VFMC selects BNY Mellon’s Eagle for data management
Victorian Funds Management Corporation (VFMC) has selected BNY Mellon’s Eagle Data Management product to underpin its data and IT transformation strategy. The solutions, hosted on Eagle ACCESS, a secure private cloud, also include a managed services agreement to integrate, clean, enrich and validate multiple sources of investment data into one centralised location and help manage…
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…
BNY Mellon and SimCorp connect
BNY Mellon and SimCorp are connecting BNY Mellon’s custody services with SimCorp’s front-to-back investment management system, SimCorp Dimension. This follows BNY Mellon’s recent deals with Bloomberg and BlackRock Solutions.
NES to service new OZ fund for Synergy Financial
NES Financial, the Silicon Valley-based administrator, has been appointed to provide its Opportunity Zone fund administration solution to Synergy Financial, a real estate investment firm based in Boston.
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…