Citi and SDX are collaborating on a project for global issuers and investors. Citi will be tokenising, settling and safekeeping assets on SDX’s digital CSD platform and will bring late-stage pre-IPO equities to institutional and eligible investors on the platform. Expected to be live by the third quarter of 2025, Citi and SDX are developing…
Year: 2025
Northern Trust joins Ensemble
Northern Trust has joined Project Ensemble, a Hong Kong Monetary Authority initiative, to help develop an experimental framework for cross-border trading of digital carbon credits. The collaboration aims to explore how overseas investors can access tokenised voluntary carbon credits traded in Hong Kong. The project will be supported by the Northern Trust Carbon Ecosystem, a…
FINBOURNE hires chairman
FINBOURNE, the UK-based provider of investment technology, has appointed Toby Glaysher as chairman of the board, alongside the formation of a new advisory board. Glaysher recently retired after a 37-year career at Northern Trust, most recently serving as president of global fund services. Northern Trust signed a major deal with FINBOURNE in 2024.
Ultimus hires fund services chief
Ultimus Fund Solutions, an independent provider of fund administration, accounting, and investor solutions, has appointed Teresa Connors as executive vice president, fund services. Connors will oversee the fund accounting, financial administration, tax, and portfolio compliance teams. She was most recently at State Street.
BNY granted RHQ licence in KSA
BNY has been granted a regional headquarters (RHQ) licence by the Ministry of Investments in Saudi Arabia. The RHQ in Riyadh will provide strategic, administrative and corporate services for BNY in the Middle East. BNY’s existing asset servicing solutions delivered for clients in Saudi Arabia include global custody services, global risk solutions, custody FX, and…
State Street hires new CFO
State Street has appointed John Woods to CFO. Woods, who will join State Street in late August, succeeds Mark Keating, who has served as interim CFO following the 2024 departure of Eric Aboaf, vice chairman and CFO, who left to join S&P Global. Upon joining State Street, Woods will report to Ron O’Hanley, State Street’s…
Carne hires BD MD
Carne Group, the European third-party ManCo and provider of fund regulation and governance solutions, has appointed Lizzy Buss as managing director, business development. She will be based in London, reporting to Mark Stockley, chief business development officer She will be responsible for engaging with institutional investors, including existing and potential clients, as part of Carne’s…
Ogier adds INEDs to Irish operation
Ogier Global has added Fiona Coughlan and Ronnie Griffin as independent non-executive directors for its Irish fund administration entity. These appointments come after Ogier secured a fund administration licence from the Central Bank of Ireland.
BBH wins Chilean mandate
Brown Brothers Harriman has been appointed to provide custody and fund order services for Compañia de Seguros Confuturo SA, a Chilean insurance company with USD2bn in assets abroad. In Latin America, BBH has supported pension funds, banks, insurance companies, asset managers, and third-party fund distributors in Chile, Colombia, Mexico, and Peru for almost 30 years.
Northern Trust wins ECO mandate
Northern Trust has entered into a service agreement with UK-based Ecosystem Certification Organisation (ECO) to provide recordkeeping and settlement services for digital carbon credit units issued to project developers under the Natural Forest Standard (NFS), which is administered and governed by ECO. Under the agreement, Northern Trust will record the Natural Capital Credits generated by…