Northern Trust has hired Mikkel Mördrup as head of sales, Nordics, based in Stockholm. He joins from ISEC, where he was group CEO. The post has been vacant since Struan Malcolm left earlier this year.
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Danloy joins BNP Paribas
BNP Paribas has appointed Sébastien Danloy as global head of sales & relationship management for institutional investors, a newly created role. Based in London, he becomes a permanent member of the securities services management board, reporting to Alvaro Camuñas, head of client development for securities services. Danloy was most recently global head of investor services,…
HV adds to CACEIS mandate
HV Capital, a European early-stage and growth investor, has added an additional four private equity structures to the portfolio under depositary at CACEIS Germany. CACEIS now provides depositary services for 12 of HV Capital’s Special-AIFs, representing c. EUR2.1bn (USD2.2bn) in assets.
Socium partners with Cascata
Socium Fund Services, the U.S.-based subsidiary of Suntera Global specialising in private equity, private credit, real estate, and venture capital fund administration, has partnered with Cascata Solutions, a provider of automated waterfall distribution software. Together, they aim to deliver carried interest, management fee, and expense accounting services for Socium’s private fund clients.
HSBC to launch digital assets custody service
HSBC plans to launch a new digital assets custody service for institutional clients who invest in tokenised securities. Once live in 2024, HSBC’s new service will complement HSBC Orion, the bank’s platform for issuing digital assets, as well as HSBC’s recently launched offering for tokenised physical gold. The new service does not cover cryptocurrencies or…
DZ BANK launches digital asset custody service
DZ BANK, a BaFin-regulated financial institution and one of the largest custodians and depositary banks in Germany, has launched an institutional digital asset custody offering. Metaco’s Harmonize solution has been deployed as the service platform. One of the first use cases was to onboard a Siemens tokenised bond, in which both DZ BANK and Union…
Apex enters Portugal
Apex has acquired Watermark Consulting, a Portugal-based provider of accounting, reporting, tax compliance and administrative services. Watermark serves clients including asset managers, multinational corporates, SMEs and real estate investors, delivering set-up and incorporation, accounting and reporting, tax compliance, fiduciary, HR, and administrative services. Watermark has 16 staff.
Deutsche Bank hires Nick Bone
Deutsche Bank has hired Nick Bone for the newly created role of head of sales, U.K., Middle East and Africa, for securities services. Bone reports to the EMEA head of sales, Stephen Wilkes. Bone has previously worked at BNY Mellon, Standard Chartered and Brown Brothers Harriman, inter alia.
SimCorp to merge with Axioma
SimCorp, the Deutsche Börse subsidiary, is to merge with Axioma, a provider of factor risk models, portfolio construction tools, and multi-asset class enterprise risk solutions. Prior to the merger with SimCorp, Axioma was part of Qontigo, a subsidiary of Deutsche Börse and a strategic partner of SimCorp since 2021.
NTRS partners with Novata
Northern Trust has agreed with Novata, a fintech that provides ESG data for private markets investments, to provide its data to Northern Trust’s asset servicing clients. Northern Trust recently participated in a Series B funding round for Novata. Novata’s data management solution aims to provide asset owners with a clearer view of the ESG impact…