BNP Paribas has appointed Marco Citrini as head of securities services for Switzerland. This appointment is part of a long-term succession plann as he succeeds Garrick Dean Smith who will now focus on expanding relationships with key Swiss institutional clients as managing director, client coverage securities services Switzerland. Citrini joined BNP Paribas in 2001.
DTC has launched the DTCC Tokenization Service (DTS). The service brings tokenised securities into regulated financial markets through trusted, resilient and scalable market infrastructure, enabling investors to move assets more efficiently, access new liquidity pools and mobilise collateral within minutes. Early adopters include BBH, BNP Paribas, Citi, J.P. Morgan and State Street.
SimCorp, the Deutsche Börse-owned fintech, has appointed Fiona O’Donnell to the newly created role of chief delivery officer. O’Donnell becomes the executive accountable for client delivery at SimCorp – from a new client’s first onboarding through ongoing delivery during every year of service. She will lead the company’s delivery organisation globally. O’Donnell is based in…
U.S. Bancorp has launched its new fund platform, U.S. Bancorp Global Funds, and its first offering, an offshore liquidity fund domiciled in Ireland, the U.S. Bancorp Liquidity – USD Treasury CNAV Fund. U.S. Bancorp Global Funds was created to support U.S. Bancorp’s growing international presence. It establishes a framework for future investment offerings and reflects…
In Australia, Northern Trust has been appointed to provide global custody and related services for LeavePlus, the portable long service leave scheme for Victoria’s construction industry. LeavePlus manages approximately AUD2.6bn (USD1.8bn) in assets and supports more than 30,000 employers in providing long service leave benefits to over 290,000 eligible workers in Victoria’s construction industry. Under…