Valérie Urbain has been selected by the Euroclear board as the successor to Lieve Mostrey as its group chief executive officer, effective 3 May 2024. Urbain joined Euroclear in 1992 and is executive director and member of the Euroclear group management committee.
Richard
VanEck selects Gemini
VanEck, the U.S.-based fund manager with USD76.4bn AuM, has named Gemini as BTC custodian for its recently approved bitcoin ETF under the ticker HODL, which is listed on the Cboe BZX Exchange. State Street is the custodian of cash, fund accountant, transfer agent, ETF basket servicer and order-taker.
HornbyChapman hires for APAC
HornbyChapman, the UK-based asset servicing and post-trade recruiter, has appointed Andy Allen as managing director and head of sales, APAC. Allen was most recently head of APAC ex-Malaysia for RBC’s investor services business, and has over thirty years’ post-trade experience in Hong Kong, Singapore, Kuala Lumpur, Sydney and London. The appointment follows the recent hiring…
U.S. Bank wins multi-domicile mandate
U.S. Bank has been appointed by Monroe Capital LLC to provide custody, fund administration and depositary services for its new fund structure, Monroe Capital Private Credit Fund V, including Luxembourg, U.S. and Irish entities. Monroe Capital has a 20-year track record in direct lending/private credit.
SS&C wins UK TA mandate
Schroders Personal Wealth, the financial planning joint venture between Schroders plc and Lloyds Banking Group, has appointed SS&C as transfer agent. SS&C will provide fund registry, investor services and digital solutions for the full range of SPW’s funds, with GBP12.7bn (USD16bn) AuM.
IQ-EQ promotes for new sales role
IQ-EQ has promoted Mattias De Mol, previously business director for Luxembourg, to a newly created role of regional head of sales operations for Continental Europe.
SILC picks PAXUS
The SILC Group, a specialist Australia-based trustee and fund administration business focused on alternative investment assets, has selected the PAXUS fund administration system for its third-party fund administration business operations. PAXUS is a platform offered by Pacific Fund Systems, the Isle of Man-based fintech owned by Apex. SILC has opted for a full SaaS PAXUS-CLOUD…
Odyssey wins U.S. TA mandate
Odyssey Trust Company, a Canada-based administrator, has been appointed transfer agent and trust company for Civeo North America.
Bad Moon Rising
Some deals look great from the start. Others, not so much. Let’s, for one moment, put aside the question of why anyone, ever, anywhere, wants to make an acquisition. For all the associated flute music about product adjacencies, new skills and new markets, scope and scale, blah, blah, blah, M&A is a messy business, often…
Manaos wins major client mandate
La Mutuelle Générale, a provider of health and retirement insurance in France, has selected Manaos, a BNP Paribas data management platform, for its ESG data collection and reporting needs. As part of the mandate, La Mutuelle Générale will use Manaos for the production of financial reports on climate and biodiversity. These reports will serve as…