Hollis Merritt has joined BNY Mellon as chief risk officer for the asset servicing business, and chief risk officer for the UK. She joins from Northern Trust, where she spent 17 years, most recently as chief risk officer for EMEA.
Richard
Maddock joins MUFG
Gilbert Maddock has joined MUFG Investor Services as an executive director, business development, based in New York. He previously spent six years at Citi and has also worked for BNY Mellon.
BBH gets new sec lending chief
Brown Brothers Harriman has appointed Sarah Holmes as global head of securities lending. She joined BBH in 1995 and previously worked as chief administrative officer within BBH’s systems and technology division. Tom Poppey has assumed the role of head of product strategy in securities lending. In 2022 Marney McCabe, then co-head of global securities lending,…
State Street links with LoopFX
State Street has entered into an agreement to make the LoopFX functionality available through FX Connect, part of the GlobalLink suite of e-trading platforms, technology and workflow solutions. LoopFX is creating a new liquidity venue for large spot FX trades by centralising peer-to-peer matching with bank interest. This will enable traders to identify, in real-time,…
Apex wins in India
Apex has been appointed by The Investment Trust of India Limited to provide fund administration services to the ITI Long Short Equity Offshore Fund in India’s Gujarat International Finance Tec-City International Financial Centre (GIFT City). Incorporated in 1991, ITI is one of India’s largest financial services conglomerates. ITI has >USD650m AuM in mutual funds and…
Northern Trust develops carbon credit exchange
Northern Trust has completed the first stage toward an industry-wide voluntary carbon credit ecosystem that would allow institutional buyers to digitally access carbon credits from leading project developers. This follows Northern Trust’s milestone of completing fully automated transactions on the initial MVP digital carbon credit platform it has developed with carbon avoidance and removal project…
Citco expands client collaboration platform
Citco, the asset servicing provider to the alternative investment industry, has made the Citco Collaboration Platform available to a wider range of private markets clients, and added further functionality. The platform, which allows clients to carry out a variety of interactions with Citco through a single window via CitcoOne, now serves not only private equity…
Apex opens in Korea
Apex has established a presence in Korea. The Korea office will add to its existing regional offices in China, Hong Kong, Japan and Singapore, where Apex employs over 500 people.
Hello Goodbye
U.S. Bank has lost four senior executives in less than a year. Time for a refresh? When Joe Neuberger resigned as president of U.S. Bank’s global fund services business in late 2022 – after a 28-year career at the bank – the obvious solution was to install Christine Waldron, chief product officer for the wealth…
Northern’s FOS gains global mandates
Northern Trust has reported an expanding global presence for its Front Office Solutions (FOS) business, with the addition of new clients in EMEA. FOS has recently been deployed by three organisations – an asset manager, a university endowment and a pension fund – in EMEA with approximately USD75bn in assets. Globally, FOS has nearly USD500bn…