Pirum Systems, the UK-based fintech specialising in automated post-trade services, has appointed Frank Seibold as head of commercial development, Americas. He joins the New York office and will work alongside Matthew Lilien, head of sales for North America. He joins Pirum from CME Group, where he was global head of strategic relationship management & head…
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State Street wins LGPS PA mandate
LGPS Central, which manages GBP56bn (USD71bn) on behalf of eight UK local government pension schemes, has appointed State Street as provider of fund administration services for its private markets investments. State Street will initially support 13 funds managed by a combination of LGPS Central and its third-party managers with fund administration, registration services, investor services…
BNPP wins EUR110bn Italian mandate
BNP Paribas has been selected by BPER Banca to provide custody and settlement services for the complete portfolio of BPER Banca’s Italian and foreign securities, representing a total of EUR110bn (USD120bn) of assets. The mandate consolidates BPER Banca’s multi-year partnership with BNP Paribas, which includes settlement services for selected institutional clients’ portfolios. Founded over 150…
U.S. Bank launches firmwide PA unit
U.S. Bank has launched a new division dedicated to serving private capital firms and global asset managers. The private capital and global asset management division (PCGAM) brings together all parts of the bank that currently serve more than 200 private capital clients with a range of products and services, including fund custody and administration as…
NTRS appoints new Lux chief
Northern Trust has appointed Olivier Noël as country head of Luxembourg and leader of its Luxembourg-based asset servicing business. He replaces Steve David, who left to join FundBank. Noël also assumes the position of CEO of Northern Trust’s European Union (EU) bank, Northern Trust Global Services SE, following approval by its board. He will become…
Foley makes partner at BBH
Orla Foley is amongst six new general partners announced by BBH. Foley joined BBH in 1997 and is currently global head of relationship management for investor services, based in Boston.
SAMI consolidates with NTRS
Sanlam Asset Management (Ireland) Limited (SAMI) has appointed Northern Trust to provide fund administration, transfer agency, custody, depositary and FX services. SAMI is an investment management platform managing funds domiciled in Ireland valued at USD8.7bn. It is part of the Sanlam financial services group headquartered in South Africa. Northern Trust is now the sole provider…
BNPP appoints new head of APAC M&FS
BNP Paribas has appointed Benoit Uhlen as APAC head of market & financing services. Based in Hong Kong, he is responsible for further strengthening securities services’ M&FS offering in APAC, including securities lending, FX, triparty collateral management and financing. Uhlen has worked for BNPP’s securities services for more than 25 years.
ROYC selects LemonEdge
LemonEdge, the UK-based fund accounting and administration solution for private markets, has signed a deal with ROYC (Return on Your Capital), which has chosen LemonEdge as its back-end accounting solution. Headquartered in Sweden, ROYC is a B2B digital solution providing a one-stop shop for private market investments. ROYC services private wealth advisors and asset managers.
Napier secures new funding
Napier AI, the UK-based financial crime compliance regtech, has received a GBP45m (USD57m) investment from Crestline Investors, Inc., a US based, credit-focused institutional alternative asset manager. Napier AI is a provider of AI-enabled financial crime and regulation technology compliance software, providing AML solutions across the banking, payments and wealth & asset management industries.