FundGuard, the multi-asset and multi-book investment accounting utility which is backed by Citi and State Street, has formed a collaboration with ICE’s data services business, which is part of Intercontinental Exchange, the operator of global exchanges and clearing houses and provider of data and listings services. The collaboration will provide asset managers, asset owners and…
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BNPP wins major European mandate
BNP Paribas has been mandated by Flossbach von Storch, one of Europe’s leading independent asset managers with >EUR 70bn (USD76bn) AuM, to provide services including global custody, fund accounting, and transfer agency for its UCITS funds in Germany and Luxembourg, covering >EUR 50bn (USD54bn) in assets.
Vivian Tung moves to MFS
Vivian Tung has left BNY Mellon to join the ETF product team at MFS Investment Management, based in Boston. At BNY Mellon Tung was global head of ETF services. She joined in 2022 after spending nearly 17 years at BBH.
Fenergo launches AI CLM upgrade
Fenergo, the Ireland-based provider of digital solutions for KYC, client lifecycle management (CLM) and transaction monitoring, has launched AI Powered CLM, a new set of AI capabilities which aim to boost operational efficiencies, accelerate onboarding and improve end-user experiences while reducing costs associated with KYC and AML compliance. The introduction of AI to Fenergo’s CLM,…
CACEIS completes RBC integration in Europe
CACEIS has completed the integration of RBC’s European asset servicing activities. All staff across all locations are now regrouped under common legal structures. Having obtained regulatory authorisations, CACEIS has updated its legal structures by combining entities in France, Luxembourg, Belgium, Ireland and Switzerland. The client migration project is scheduled for completion by the end of…
HSBC leads fundraising for Marketnode
HSBC has led a Series A investment round for Marketnode, the Singapore-based digital market infrastructure operator, alongside contributions from existing shareholder Temasek. The investment will be used to scale Marketnode’s platforms and realise the shareholders’ ambitions to develop a multi-asset ecosystem, starting in Asia-Pacific. Since 2020, HSBC and Marketnode have co-developed a digital market infrastructure…
Archax integrates Fireblocks
Archax, the FCA-regulated digital asset exchange, broker and custodian, has expanded its custody service by integrating Fireblocks, the enterprise platform for building blockchain applications and managing digital asset operations, and is using the Fireblocks Network, a digital asset transfer platform for digital asset transactions and payment workflows. The integration enables Archax to effectively manage its…
State Street appoints head of sec finance
State Street has appointed Taryn Siglain as head of financing solutions. Siglain will lead State Street’s agency lending, prime services, and secured (repo) financing businesses. She succeeds Gino Timperio who will retire from State Street at the end of June, and will report to Tony Bisegna, head of Global Markets. Siglain joined State Street from…
Gen II appoints European RA head
Following the completion of its acquisition of Crestbridge, Gen II Fund Services has appointed Alex Le Quesne as head of real assets – Europe. He was head of governance services at Crestbridge.
Varys appoints FundRock for ADGM fund
Varys Capital has appointed FundRock Investment Management Services (ME) Ltd, the Apex-owned fund management company, to manage a feeder fund, Varys Capital Ventures (CEIC) Limited in the Abu Dhabi Global Market. Apex Fund Services (AD) Limited has been appointed as fund administrator.