BBH has launched a new technology affiliate, Braid LLC, focused on solving enterprise data transformation for financial services. Braid offers an AI-native data transformation platform that gives firms a scale solution to transform, connect and manage their data with confidence. Braid empowers teams to build, automate, and oversee reliable production-grade data transformations in a fraction…
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Maurier returns to Paris with SGSS
Société Générale Securities Services has appointed Mathieu Maurier as chief business officer, with Thibaud de Luze succeeding him as country head of SGSS Luxembourg. Maurier will be responsible for leading SGSS’s global commercial strategy, supporting growth and further developing relationships with clients. Based in Paris, he retains his responsibilities as regional head for Ireland and…
NTRS expands Singapore unit trust offering
Northern Trust has expanded its Singapore unit trust offering through a relationship with Perpetual (Asia) Limited. Together, the firms provide investment managers with access to a comprehensive servicing solution for Singapore unit trust structures, combining Northern Trust’s custody, fund administration and middle-office outsourcing capabilities with Perpetual’s trustee services. Perpetual (Asia) Limited is part of the…
U.S. Bank launches waterfall solution
U.S. Bank has launched its Private Waterfall Engine, an automated fund waterfall administration platform designed to support private markets funds. The platform supports multiple waterfall methodologies and automates carried interest, performance fee, and distribution calculations. It imports data from upstream systems, performs controlled calculations and delivers reports and journal entries through a standardized workflow. Private…
Alchelyst hires EMEA sales chief
Alchelyst, the Ireland-based investor solutions and fund administration partner for private markets asset managers, has appointed Ben Middleton as managing director and head of sales for EMEA. He most recently led Aztec Group’s global clients and markets function.
NTRS adds Warwickshire
Northern Trust been appointed by Warwickshire Pension Fund, a UK local government pension scheme with GBP3.6bn (USD4.8bn) in pension assets, to provide global custody, valuation reporting, capital call execution and performance measurement services.
Langham Hall supports Tasman
Langham Hall, a UK-based administrator, has supported Tasman Capital Partners on the launch of Fund IV, a mid-market Australian and New Zealand focused private equity fund. The fund has reached a first close of approximately AUD120m (USD87m), representing around 60pct of its AUD200m (USD144m) target.
HSBC appointed head of SS in Luxembourg
HSBC has appointed Steve David as head of its securities services business in Luxembourg. David is an industry veteran who spent 20 years at Northern Trust, latterly as head of its Luxembourg business, and joins from IRACE (formerly FundBank) where he was CEO of Luxembourg.
IQ-EQ hires Switzerland BD director
IQ-EQ has appointed Martin Müller as director of business development for Switzerland. Based in Zurich, he joins from Solutions & Funds.
Pictet expands with BBH
Pictet Asset Management has appointed BBH to support its newly launched active UCITS ETFs in Europe as fund depositary, global custodian, and fund administrator. The launch marks Pictet Asset Management’s entry into the active ETF market and extends the firm’s long-standing relationship with BBH. In 2025 Pictet appointed BBH to support its first three U.S.-domiciled…