Britannia Global Markets, a full-service UK-based brokerage house and subsidiary of Britannia Financial Group, has mandated Broadridge Financial Solutions, Inc., a U.S.-based fintech, to streamline its post-trade processing for its international securities business, including cash equities, fixed income and repurchase agreements.
Category: Headlines
Arcesium expands in India with new office in Bengaluru
Arcesium LLC, a financial technology and professional services firm, has expanded its India-based operations with a new office in Bengaluru. The office is expected to start operations in the second quarter of 2021 with 200 employees, with the potential to grow to 500 employees over the upcoming year. Arcesium expects to complete 2021 with a…
Clark Capital strikes middle office deal with Archer
Clark Capital Management Group, an independent asset manager based in the U.S. with USD20bn AuM, has struck a deal with Archer, a services provider to the asset management industry. Archer is providing a full suite of operations support and will share middle office technologies with Clark Capital.
Nottingham gains SEC approval to offer NYSE’s AMS ETF structure
The Nottingham Company, Inc., a U.S.-based fund services administrator and private label issuer to the mutual fund and ETF industry, has expanded its active non-transparent ETF offering with the SEC’s approval of the firm’s short-form exemptive relief application for the New York Stock Exchange’s Actively Managed Solution ETF structure. This is the second such announcement…
The ID Register hires Stuart Layzell as chairman
The ID Register, a C.I.-based provider of investor onboarding services, has appointed Stuart Layzell as chairman. He was most recently CEO at Ocorian, a fund, corporate and private client services firm.
Carne hires Dai Kazamatsuri as lead director for Japan
Carne Group, the Ireland-based service provider to the asset management industry, has appointed Dai Kazamatsuri as lead director for Carne Japan with responsibility for Carne’s Japanese clients and Japanese business development. He joins Carne from Mizuho Trust & Banking’s Luxembourg subsidiary, where he spent ten years in senior roles leading business planning and development.
Carlyle, Pacific Equity Partners issue offer for Link in Australia
Link Administration Holdings Limited, the Australian administrator, has received a conditional, nonbinding indicative proposal from a consortium including Pacific Equity Partners, Carlyle Group and their affiliates to acquire 100pct of the shares. The indicative cash price offered to shareholders under the proposal is AUD5.20 per share. Perpetual, which currently holds 9.65pct of Link Group, has…
State Street & SimCorp to partner on EMEA insurance sector solutions
State Street and SimCorp, an investment management solutions and service provider, have announced their intention to form a business partnership to provide a fully integrated, front-to-back investment outsourcing solution for insurance firms in EMEA. EMEA-based insurance companies will have access to SimCorp Dimension’s cloud-based, multi-asset class capabilities, advanced accounting functionality and managed services, together with…
Apex to support Home REIT plc after IPO on LSE
Apex, the Bermuda-based financial services provider, it provided pre-IPO support to Home REIT plc ahead of its listing on the London Stock Exchange. Apex will continue to work with Home REIT to provide fund, financial and corporate solutions, including real estate fund administration and accounting, AIFMD depositary, corporate governance and company secretarial services.
Mainstream appoints CEOs in Ireland and Cayman
Mainstream Fund Services, an Australian administrator, has made two senior internal promotions within its Irish and Cayman operations following the retirement of John McCann, formerly CEO of Europe and Cayman. Barbara Purcell has been approved by the Central Bank of Ireland as the CEO of Mainstream Fund Services (Ireland) Limited, with responsibility for Mainstream’s Dublin…