IQ-EQ, the Luxembourg-based administrator, has appointed Philip Hanssens as head of risk and compliance for Continental Europe. He joins IQ-EQ from Fidelity International, where he was responsible for leading the European compliance advisory team and overseeing the delivery of advisory services across EMEA and Latin America as chief compliance officer, Europe.
Category: Product
BNY Mellon launches buy-side trading
BNY Mellon has launched an outsourced trading service for buy-side institutions. The offering by BNY Mellon Capital Markets, LLC will be powered by xBK, the buy-side trading division that executes more than USD1trn in volumes on average annually for the company’s investment management franchise. BNY Mellon plans to offer clients a range of services, including:…
Clearstream Fund Centre appoints Kneip
Kneip, a Luxembourg-based provider of fund data management and reporting solutions for the asset management industry, has become the sole provider of fund data and documents for Clearstream Fund Centre. Over 450 fund distributors use Clearstream Fund Centre to gain access to 550 fund providers with a single legal agreement. Clearstream Fund Centre’s covered investment…
Clearstream & Vermeg collaborate on ECMS
Clearstream has joined forces with Vermeg, a fintech focused on collateral management & asset servicing, regulatory reporting and digital transformation. The partnership will deliver an STP collateral management solution connected to the Eurosystem Collateral Management System (ECMS). The ECB is introducing ECMS to unify the management of collateral of national central banks across the Eurozone.…
Broadridge launches ESG Analyzer
Broadridge Financial Solutions, Inc., the U.S.-based fintech, has launched ESG Analyzer, a web-based ESG disclosure and data analytics benchmarking tool that delivers “timely, high-quality, cost-effective, transparent data and insights”. The ESG Analyzer allows companies to view all of their ESG metrics in a single dashboard, compare their data side-by-side with peer companies to better understand…
IDR launches next-gen subscription service
IDR, the fintech specializing in the private markets sector, has launched its next-generation subscription service. Integrating fund subscription alongside its internationally compliant KYC and tax services with prepopulated investor profiles, IDR authenticates investors once across their global portfolio. IDR’s next generation subscription service connects fund managers and investors instantly via a single access token rather…
Odyssey gets SEC green light for U.S. TA
Odyssey Transfer US Inc. has received approval from the SEC to begin operations as a U.S. transfer agent. Odyssey Transfer will provide a full suite of transfer agency and corporate actions services to private and public issuers from its headquarters in St. Paul, Minnesota. Odyssey Transfer’s U.S. management team includes Todd May, former CEO of…
BNP Paribas and SimCorp expand partnership
The securities services business of BNP Paribas has expanded its strategic partnership with SimCorp, a provider of SaaS investment management solutions, to offer insurance accounting and reporting solutions integrated with its custodian and banking services. This collaboration leverages SimCorp’s new SaaS solutions for investment operations and accounting services, and is built on the companies’ longstanding…
Formidium launches SPV tax service
Formidium, the U.S.-based third-party provider of fund administration and back-office technology solutions, has launched SPV Tax, a U.S. tax returns preparation and e-filing professional service suite for SPVs, which are often used to isolate and segregate investment assets. SPV Tax provides a unified, and end-to-end platform for U.S. federal and state tax return preparations and…
HIGHVERN receives CBI approval for alts admin
HIGHVERN, the C.I.-based administrator, has received authorisation from the Central Bank of Ireland to provide fund administration services to alternative funds. HIGHVERN launched its Irish business, with offices in Dublin, in January 2022. The firm recently appointed Colm Clifford as an Irish Independent Non-Executive Director, joining the board as an INED and chair, Clifford is…