Maples Group has expanded its fund administration solution for Canadian-domiciled funds. This will provide support to its existing and new client base in launching and operating Canadian domestic funds. It will be delivered by the group’s Montreal office.
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State Street hires head of strategic transformation
State Street has hired Mark Wightman as head of strategic transformation, based in the UK. He was most recently at EY.
Legrand promoted at IQ-EQ
IQ-EQ has promoted John Legrand to CEO of EMEA, based in the UK. Legrand, who was previously deputy group CEO, has been at IQ-EQ for over six years, previously spent more than 10 years at BNY.
BNY moves to tokenise deposits
BNY has taken the first step in its strategy to tokenise deposits by enabling the on chain mirrored representation of client deposit balances on its digital assets platform. Early participants include financial institutions and digital natives. Beginning with collateral and margin workflow use cases, this launch extends BNY’s cash capabilities by creating on-chain digital book…
SEI appoints CPO
SEI has appointed Jeff Benfield as chief product officer, reporting to Zach Womack, chief technology officer, Benfield will lead SEI’s enterprise product strategy, development, and execution. He was previously head of platform strategy and operations for SEI’s asset management business.
Columbia Threadneedle appoints State Street
State Street has been appointed to service Columbia Threadneedle Investments’ newly launched UCITS actively managed ETFs. State Street will provide services including custody, depositary, fund accounting, ETF basket creation, create/redeem order management, ETF settlement, transfer agency and reporting. In 2025 Columbia Threadneedle Investments, the global asset management group of Ameriprise Financial, Inc., appointed State Street…
U.S. Bank forms new business enablement team
U.S. Bank has formed a new business enablement team within its wealth, corporate, commercial, and institutional banking operations. It is responsible for ensuring alignment, communication and execution of strategic initiatives between operations and internal business lines, while also serving as strategic liaison between WCIBO and external industry stakeholders such as banks, fintech partners and industry…
Pirum appoints CPO
Vinod Bhaskaran has joined Pirum as chief product officer. He joins from Nasdaq Calypso, where he was head of product management.
Apex lifts out in Australia
Apex has reached a lift-out agreement to onboard Mercer’s superannuation administration operations in Australia.
BNY appoints new Korea chief
BNY has appointed Phillip (Bongkyun) Suh as Korea country manager and Seoul branch manager, subject to regulatory approval. He succeeds Hyon Joo Park, who will retire in March after more than six years at BNY. He joins from Samsung Asset Management, where he was CEO.