Cornerstone FTM, a fintech-focused investment fund, has selected Northern Trust and its strategic partner, Equity Data Science (EDS), for the Research Management System (RMS) and Portfolio Construction solutions. Cornerstone will also leverage Northern Trust’s custody and hedge fund administration services, and data visualisation and ingestion capabilities from EDS. RMS and Portfolio Construction are data-driven tools…
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BK appoints Japan country head
BNY Mellon has appointed Kunio Watanabe as Japan country executive and representative for its Tokyo branch. He is responsible for leading the BNY Mellon business in Japan and will be a member of the Asia Pacific Leadership Council. He joins from Nomura, where he most recently held the role of executive chairman of Nomura Holding…
New Silk Road outsources trading
Northern Trust has been selected to provide outsourced trading via its Integrated Trading Solutions (ITS) for New Silk Road Investment Pte Ltd., a Singapore-based investment manager. In addition to the new mandate for trading services, Northern Trust continues to provide global custody services for New Silk Road funds, which it has done since 2011.
CIBCM partners with Duco
CIBC Mellon has formed a strategic collaboration with Duco, a SaaS provider of AI-powered data automation. By leveraging Duco’s advanced capabilities, CIBC Mellon aims “to lower operational risk, streamline processes, and empower finance and operations teams”.
Oak hires MD for Mauritius
Oak Group, a C.I.-based provider of international funds, private client and corporate services, has appointed Zoubeir Khatib as managing director, Mauritius. He previously led the business development unit for Apex in Mauritius and Africa. He replaces Paul Schreibke as he approaches retirement.
TMF gets green light from CBI
TMF Group Fund Operations (Ireland) Limited, part of the TMF Group, a Netherlands-based provider of compliance and business administration services, has received authorisation from the Central Bank of Ireland to offer fund administration and transfer agency services to alternative funds. The licence comes after the acquisition of Goodbody Fund Management, the AIFM and ManCo division…
Altum hires UK director
Altum Group, a C.I.-based provider of fund and corporate administration solutions, has appointed Clare Hartnell as its new director in London. She joins from Langham Hall where she was head of the UK.
BK hires global custody ops head
BNY Mellon has hired Christopher Summers as global head of custody operations. He joins from J.P. Morgan, where he had a 30-year career.
Citi expands with Multifonds
Citi has extended its 20-year relationship with Multifonds to consolidate its current regional fund accounting operation into a global operating model through the Temenos Multifonds SaaS solution. Citi’s move to a global operating model for its fund services business, and from an on-site platform to Multifonds SaaS, will enable it to manage its business across…
HSBC hires global head of funds & trustee services
HSBC has hired Julie Kerr as global head of funds & trustee services. She joins from Citi and will be based in Hong Kong. She reports to Fiona Horsewill, global head of securities services, and joins HSBC’s securities services ExCo. She spent five years at Citi, where she was most recently APAC co-head of sales…