Zodia Custody, the Standard Chartered backed digital assets custodian, has opened in Hong Kong.
Richard
All Things Must Pass
Don’t fret over the departure of Lou Maiuri from State Street. It will be BaU before you know it. A multinational corporation is similar to a giant game of Jenga. Pull a piece out, and you never know quite what is going to happen. Sell a business unit, and who knows exactly how it will…
Zodia Markets granted VASP status by CBI
Zodia Markets, the Standard Chartered backed digital asset exchange and brokerage platform, has received its registration as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland. This follows on from the firm receiving cryptoasset registration from the UK’s Financial Conduct Authority in 2022 and its in-principle approval by Abu Dhabi Global Markets…
Pirum upgrades recalls service for T+1
Pirum, the UK-based fintech focused on securities finance, has launched a borrower automation solution with its Recalls Manager service, enabling full automation of the recall lifecycle with its first clients well ahead of the introduction of T+1 settlement in the US, Canada and Mexico in May 2024. Pirum is going live with multiple agent lenders…
Arcesium wins treasury mandate
PAAMCO Prisma, an alternatives investment firm, has selected Arcesium, a fund administrator in which J.P. Morgan has a strategic stake, to provide treasury management services through its Treasury Suite. Arcesium’s treasury capabilities will provide enhanced transparency and control over PAAMCO Prisma’s collateral management and securities lending activities. PAAMCO Prisma aims to optimise multi-asset collateral allocation…
Maiuri to leave State Street
Lou Maiuri, president, COO and head of investment services, will leave State Street by early 2024. Effective January 1, 2024, Ron O’Hanley, chairman and CEO, will assume the office of the president (in addition to his current roles as chairman and chief executive officer) and responsibility for investment services, State Street’s largest business. Mostapha Tahiri,…
SEI adds Miller to board
SEI has appointed Stephanie Miller to its board of directors. She joins executive chairman Al West and current directors Jonathan Brassington, William Doran, Carl Guarino, CEO Ryan Hicke, Kathryn McCarthy, and Carmen Romeo. In addition to her board responsibilities, Miller will serve as a member of the audit and legal and regulatory oversight committees. Miller…
CIBC Mellon appoints CX chief
CIBC Mellon has appointed Mary Ann MacKenzie as chief client experience officer. MacKenzie has been at CIBC Mellon for 10 years, and was previously in relationship management. She is based in Toronto.
RBC IS hires MO expert from JPM
RBC Investor Services has hired Simon Hirtenstein as managing director, middle office. He joins from from J.P. Morgan’s securities services business, where he was in charge of the middle office product. At RBC, he will oversee the growth and enhancement of the end-to-end middle office capability in Canada.
BNY Mellon launches new FX service
BNY Mellon has launched Universal FX, a new platform that helps clients manage and centralise their portfolio execution, regardless of the location of their custodian, prime broker or trade settlement bank. Targeted clients include investment managers, corporates, hedge funds and wealth managers. Universal FX builds on BNY Mellon’s OneFX suite of solutions and banking capabilities…