Crestbridge, the UK-based administrator, has appointed James Morris as commercial director for Europe. He joins from TMF, where he was head of EMEA private equity & debt fund sales. Crestbridge is negotiating the sale of its fund administration business to Gen II, one of the world’s largest independent private capital fund administrators, with >USD1trn AuA.
Richard
eSecLending adopts Pirum’s T+1 solution
eSecLending, a global securities lending agent, has adopted the T+1-ready Recalls Manager solution from Pirum Systems, the UK-based fintech for automated post-trade services. With nearly USD850bn in lendable assets, eSecLending claims to be the industry’s largest independent securities lending agent.
Citi supports Global X ETF launch
Citi has been appointed by Global X ETFs, part of Mirae Asset Financial Group, to service Hong Kong’s first covered call ETFs. Mirae manages assets of >USD535bn and has over 575 ETFs globally with USD109bn AuM. Global X ETFs has launched the Global X HSI Components Covered Call Active ETF and Global X HSCEI Components…
SLIB partners with Clarus for risk management
SLIB, the post-trade fintech, and Clarus Risk, an Apex Group company focused on risk management solutions, have rolled out RiskMonitor within SLIB’s RMS (Risk Management Solution) platform. The platform is designed to provide improved governance and transparency for multi-asset risk exposures to enable greater efficiency within the brokerage market. RiskMonitor’s API solution utilises a multi-asset…
Zodia wins ETC ETP mandate
ETC Group has appointed Zodia Custody to support its latest ETP listed on Deutsche Börse XETRA, the ETC Group Ethereum Staking ETP, a total return exchange-traded product that tracks the Compass Ethereum Total Return Monthly Index. The ETP is fully backed by the underlying digital assets, and counterparty risk is negated through an independent trustee.…
NTRS selects FINBOURNE
Northern Trust has selected FINBOURNE Technology, the UK-based fintech, to provide valuations and reporting capabilities for its enterprise global technology. Northern Trust will leverage FINBOURNE’s cloud-native financial data management solution, LUSID, and data virtualisation engine, Luminesce, to modernise its valuations and reporting functions and provide enhanced service delivery to clients.
BK hires head of alts
BNY Mellon has hired Elliott Brown as head of alternatives for the asset servicing business. Based in New York, he reports to Christine Waldron, global head of fund services. He was previously at Citco and has also worked at Apex and J.P. Morgan.
BNPP wins Chenavari PC mandate
Chenavari Asset Management has appointed BNP Paribas to provide private capital services for its newly launched Real Estate Decarbonisation Fund. BNP Paribas will provide depositary, registrar, accounting manager and middle office services. The bank will also provide digital reporting capabilities through its CapLink Private platform.
HSBC executes first HK digital bond repo
HSBC has executed a Hong Kong dollar repo transaction with The Bank of East Asia, Limited (BEA), which used Hong Kong government digitally native green bonds as collateral for financing purposes. This is understood to be the first repo in Hong Kong involving digital bonds. Using HSBC Orion as the digital assets platform, HSBC helped…
BPCE selects SimCorp for investment accounting
SimCorp, the Deutsche Börse-owned investment management fintech, has been appointed by BPCE Insurance as its new investment accounting platform. France-based BPCE Insurance, with EUR87bn AuM, is the insurance subsidiary of Groupe BPCE. The decision to partner with SimCorp is a result of BPCE Group’s strategic initiative to overhaul its operating model by re-internalising its investment…