Innocap Investment Management has entered into a definitive agreement to acquire BNY Mellon’s HedgeMark business. BNY Mellon will own a minority equity stake in Innocap’s combined platform, which focuses on helping institutional allocators access their investments through managed account services. BNY Mellon has wholly owned HedgeMark since 2014.
Category: Product
Charles River partners with Precisely
Charles River Development, a State Street company, has formed an alliance with Precisely, a data integrity specialist. Precisely’s data governance solution, Data360 Govern, will be incorporated into the State Street Alpha data platform to provide streamlined governance, lineage, and cataloguing capabilities.
JTC partners with onboarding specialist
JTC Americas (formerly NES Financial) has entered into an agreement with VENTURE.co Holdings, Inc. to deliver an improved investor onboarding process. VENTURE.co is a U.S.-based software-as-a-service company offering an integrated virtual data room, distribution management tools, and automated document processing for fund and private equity sponsors, broker-dealers and RIA firms. JTC Americas is the North…
MUFG forms consulting practice
MUFG Investor Services has launched a business consulting group. The group will be led by Brian Yegidis, most recently the head of prime services hedge fund consulting for the Americas at Credit Suisse. Joining him will be Caley Watnick, also from Credit Suisse, where she was an associate in prime consulting. Based in New York,…
Charles River partners with LedgerEdge
Charles River Development, a State Street company, has partnered with LedgerEdge to provide investment managers with access to corporate bond liquidity from the LedgerEdge ecosystem through the Charles River inventory hub and order and execution management system (OEMS). LedgerEdge uses DLT to modernise institutional-grade trading services and protocols. Charles River’s inventory hub delivers an aggregated,…
SGSS expands in Africa
Société Générale Securities Services has expanded its securities custody offering in Africa to include Ghana. SGSS already offers custody services from the West African Economic and Monetary Union (WAEMU) from Côte d’Ivoire, the Economic and Monetary Community of Central Africa (CEMAC) from Cameroon, as well as from Morocco and Tunisia.
BNY Mellon selects ALTO* for control & compliance
BNY Mellon has chosen Amundi Technology and its ALTO* platform to deliver trustee controls and compliance monitoring for depositary and fund administration functions. The solution will be deployed across BNY Mellon global operations. ALTO* Investment Compliance is a component of the ALTO* Asset Servicing, part of Amundi’s ALTO* (Amundi Leading Technology and Operations) portfolio management…
Charles River hires chief product officer
Charles River Development, a State Street company, has appointed Nidhi Singh as chief product officer. In this newly created role, she will lead CRD’s technical product strategy and product marketing, including the identification, development and execution of the overall product roadmap and integration with the State Street Alpha platform strategy. Singh previously led global technology…
Broadridge partners with Santander for Spanish voting solution
Broadridge Financial Solutions, Inc., a U.S.-based fintech provider, has launched a new golden copy event notification and vote execution service for the Spanish market. The service, delivered in collaboration with Santander Investment S.A., provides a fully automated solution with market-wide coverage. The service aims to improve market error rates, expand voting windows and facilitate vote…
SGSS partners with Lumi for e-voting
SGSS and Lumi Technologies, a provider of electronic voting services, have signed a partnership to ensure the long-term success of the existing SGSS tablet voting service and offer new remote voting services for general meetings. At the request of SGSS, Lumi Technologies recently acquired the intellectual property and the stock of touchscreen voting tablets developed…