Jason Sheller, who has been at CBRE for seven years, most recently as global head of business development & strategy for its real estate fund administration business, is stepping away from his role. He hasn’t announced his next move.
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Citi poaches IT chief from BNY
Matthew Yazdi has been appointed as head of investor services technology for Citi. He is based in New York. He joined from BNY Mellon.
AP3/AP4 retool with SimCorp
The third and fourth Swedish National Pension Funds (AP3 & AP4) have completed a comprehensive modernisation of their system infrastructure through a new, integrated front-to-back solution from SimCorp. This replaces multiple systems that support the entire workflow – from analysis and order placement to portfolio management, risk, performance, compliance, and financial reporting. The transition to…
CWAN to be acquired
Clearwater Analytics, the U.S.-based accounting fintech, has entered into a definitive agreement to be acquired in a transaction valued at approximately USD8.4bn by an investor group led by Permira and Warburg Pincus, with participation from Temasek. The investor group has support from Francisco Partners. The CWAN board of directors has approved this transaction. Permira recently…
BBH to service Quoniam ETFs
Quoniam Asset Management, a Germany-based asset manager and a subsidiary of Union Investment, has launched Union Investment’s first actively managed ETFs. The two funds will be marketed under the new UniActive Q label. The UniActiveQ ETF range has been launched on AllFunds’ AllSolutions ETF platform, with BBH appointed as custodian and fund administrator. BBH in…
M&G launches active ETFs
M&G Investments has launched the first in a new range of fixed income active ETFs, marking the first phase of a broader roll out. These are backed by a GBP350m (USD468m) investment from M&G’s life business on behalf of several underlying client funds and funds from the multi asset range. The funds are domiciled in…
Suntera acquires in Singapore
Suntera Global, the C.I.-based provider of fund, corporate and private wealth services, has acquired Singapore-headquartered fund and corporate service provider, Aurtus Singapore. The acquisition of Aurtus Singapore is Suntera’s eleventh acquisition since 2019 and establishes a presence for Suntera in Singapore for the first time. Aurtus Singapore was established in 2023 and has a team…
Ultimus deploys FINTRX
FINTRX, the private wealth intelligence platform, has partnered with Ultimus Fund Solutions to provide Ultimus’ asset management clients with access to FINTRX’s private wealth intelligence. Users will gain direct access to FINTRX’s platform, which features detailed profiles and data on RIAs, broker/dealers, family offices, and other private wealth entities. By leveraging FINTRX’s data and intuitive…
Northern Trust reshuffles leadership team
Northern Trust has made a number of leadership appointments, effective January 1, 2026. Clive Bellows, president of EMEA, and Guy Gibson, global head of institutional banking & markets, have been appointed co-presidents of Asset Servicing, succeeding Teresa Parker, who will retire after more than 40 years with Northern Trust. Melanie Pickett, head of asset servicing…
Al West steps down from SEI
Alfred (Al) West, Jr., SEI Investments’ founder and executive chairman of the board, has stepped down from his role as a director and board chair as part of a planned transition effective Jan. 1, 2026. The board has appointed Carl Guarino, an independent director of SEI’s board since 2014, as chairman. West will become chairman…