DTCC, the U.S. market infrastructure provider, has signed a definitive agreement to acquire Securrency Inc., a developer of institutional-grade digital asset infrastructure. The acquisition is expected to close shortly. Both U.S. Bank and State Street are investors in Securrency. Securrency will become a wholly-owned subsidiary of DTCC and will operate under the name DTCC Digital…
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Oak appoints group CEO
Oak Group, the C.I.-based administrator, has appointed Kim Sgarlata as group CEO. She previously held the positions of global head of strategic programme development and global head of wholesale transformation at HSBC. She has also worked at Capco, Accenture, Bank of America Merrill Lynch and State Street.
TMF appoints two regional BD heads
TMF Group, the Netherlands-based provider of compliance and administrative services, has appointed Joel Cardenas as head of business development for Latin America, and Ard Crebas as head of business development for North America and the Caribbean. They will both report to TMF’s chief commercial officer, Jan Willem van Drimmelen. Both are internal appointments.
IQ-EQ appoints first Ireland CCO
Paul Griffith has been appointed by IQ-EQ as its first chief commercial officer for Ireland. Prior to joining IQ-EQ in 2021, Griffith was a commercial director with Intertrust Group. He will join the regional leadership team and will manage the regional sales team.
Komainu and Copper collaborate
Komainu, the C.I.-based digital assets custodian, and Copper, the UK-based provider of institutional digital asset solutions, have formed a partnership that will offer Komainu’s institutional clients the ability to trade via Copper’s ClearLoop. Through this alliance, Komainu’s clients will benefit from both regulated, on-chain custody provided by Komainu, and access to off-exchange settlement and rapid…
SS&C to support new interval fund
Accordant Investments LLC, a registered investment advisor, has appointed SS&C Technologies to support the operations of its first registered interval fund, the Accordant ODCE Index Fund. Accordant will deploy SS&C’s services supporting interval funds, including registered fund services, administration, transfer agency, tax and treasury services.
Komainu appoints CTO
Komainu, the C.I.-based digital assets custodian, has appointed Robert Johnson as chief technology officer, based in London. He joins from Coremont, where he was CTO and partner. Komainu, which is backed in part by Nomura, recently received approval from the UK’s Financial Conduct Authority to register as a custodian wallet provider.
Acadian transitions to BNY Mellon
Acadian Asset Management, the Boston-based manager with AuM of USD100bn, has been onboarded to BNY Mellon’s middle office platform. BNY Mellon now supports Acadian’s middle office activities, including trade support, IBOR and data delivery. Jim Crumlish, chief information officer at Acadian Asset Management, said: “This is an exciting milestone for Acadian. Strategically, this transition enables…
IQ-EQ hires from RBC
IQ-EQ has appointed David Giannone as senior managing director in the business development team in the U.S. He will specialise in private capital, offshore structures and business development. Giannone spent nearly 10 years at RBC Investor Services, most recently as global head of business development. It is understood that RBC IS is winding down its…
Industry legend retires from BNPP
Charley Cock is stepping down as vice chairman of BNP Paribas’ securities services business. Cock started his career at J.P. Morgan as a management trainee in the commercial department of Euroclear in Brussels, and held senior management roles across Europe for both institutions before the BNPP acquisition of J.P. Morgan’s European securities services business in…