BBH has added Tourmaline Partners’ execution services to its Connectors platform. Tourmaline offers trading solutions for global equities, derivatives, and ETFs. Connectors brings together a cohort of specialist third-party fintech and service providers. Evan Fire, COO of Pzena Investment Management, said: “This is great news for the industry. BBH and Tourmaline are two first-class organisations…
Richard
UBS goes live on DLR
UBS has gone live on Broadridge’s newly launched sponsored repo solution built on the DLT-enabled Distributed Ledger Repo (DLR) platform. Broadridge claims that the platform processes USD1trn in monthly volume.
ULTUMUS onboards VanEck
COSMOS, the create/redeem platform from ETF fintech and data provider, ULTUMUS, has onboarded VanEck, the U.S.-based ETF provider. VanEck is adopting the ULTUMUS COSMOS platform for managing create/redeem orders for its crypto products.
New CEO for RBC IS
Claire Johnson is reportedly joining RBC Investor Services as CEO. She will replace Francis Jackson, who is stepping down from the role following the sale of its remaining international businesses to CACEIS. Johnson is currently president of TSX Trust, part of the TMX Group, and previously spent more than 20 years at CIBC Mellon.
Northern Trust works with Frost Consulting
Northern Trust is working with Frost Consulting, an independent consultant, to examine the challenges for MiFID II in scope managers who may face potential difficulties paying U.S.-based bank research providers which have not registered as RIAs, or are unable or unwilling to accept hard dollar payments at their European office(s) for global research services. The…
JTC adds two PE/RE managers
JTC, the C.I.-based professional services firm, has added two managers to its funds team in Jersey. Will Turner and Ben Durbano specialise in real estate and private equity respectively and join Ashley Vardon, senior director – fund services, who was appointed earlier this year. Turner was previously at Crestbridge, whilst Durbano joins from Sanne.
Reelin’ in the Years
Nearly 50 years after the “invention” of global custody, it’s back in fashion. Not long after he became CEO of State Street, Marsh Carter held his first analysts’ call. “Custody,” he opined, somewhat innocently, “is a mature business.” Wall Street did not like to hear this, and hammered the State Street stock. Lesson learnt. Thirty…
HSBC loses more senior managers
Further exits from HSBC’s securities services business, following the senior management changes implemented earlier this year. After Ronnie Griffin – widely regarded as one of the best trust and depositary managers in Europe – left earlier this year, it is understood that CP Yap, who was appointed head of fund services at the end of…
UniSuper expands BNPP relationship
BNP Paribas has been appointed by UniSuper, one of Australia’s largest superannuation funds, to provide triparty collateral management services for its global trading activity. This expands the existing relationship between UniSuper and BNP Paribas, which includes custody services in Australia.
IQ-EQ wins UK REIT mandate
Urban Logistics REIT plc has appointed IQ-EQ to provide regulatory and compliance services in the UK. Urban Logistics REIT plc invests in properties across the UK.