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…
Northern Trust has appointed Andy Ponsford as head of insurance, Europe, Middle East and Africa. In this newly created role, Ponsford will lead the continued expansion of Northern Trust’s insurance servicing capabilities across the region, helping to deliver an integrated operating model designed to support the operational, accounting, investment and regulatory needs of insurance companies.…
MUFG Investor Services has appointed McAllister (Mac) Kirschner as CEO, effective immediately. John Sergides has stepped down as CEO of MUFG Investor Services for health-related reasons. Kirschner has served as COO of MUFG Investor Services since 2018, He joined MUFG Investor Services in 2016.
Ripple, the provider of blockchain solutions across traditional and digital finance, and BNY have expanded their collaboration to broaden institutional digital asset custody capabilities and explore new institutional use cases for blockchain technology, including tokenised trade finance. The collaboration brings together Ripple’s digital asset solutions and the XRP Ledger (XRPL), a public blockchain, with BNY’s…