Saphyre, the U.S.-based fintech specialising in the post-trade space, has appointed Gerhard Kronsteiner as head of client solutions. Kronsteiner, who is based in the UK, has been an advisor to the Saphyre board for the last two years, and previously spent seven years at BNP Paribas, most recently as global head of operational excellence for…
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State Street completes Awqaf implementation
State Street has completed implementation of a suite of investment services to support Awqaf Investment Company (AIC), the investment arm of the General Authority of Awqaf. Services include global custody, investment accounting, multi-asset class performance measurement, and data aggregation and consolidation. Headquartered in Riyadh, Saudi Arabia, AIC provides integrated investment solutions to the non-profit sector…
Citi acts as IPA for first DNN issuance
Citi has acted as the issuing and paying agent for the first digitally native note (DNN) issuance under English law via Euroclear’s digital financial market infrastructure (D-FMI) DLT platform. The EUR100m 3-year DNN was issued by the World Bank (IBRD) and listed on the Luxembourg Stock Exchange.
U.S. Bank promotes Curley
U.S. Bank has named Dylan Curley head of sales and relationship management for its global fund services division. Curley has been with U.S. Bank since 2018 and was previously head of sales.
Universal hires new CEO
Universal Investment Group, the European fund services provider, has appointed Francesca McDonagh as its new group CEO. David Blumer, who has been leading the business as the interim group CEO for the past five months, will continue as chairman. She replaces Michael Reinhard, who left in May. McDonagh was most recently COO of Credit Suisse…
PIMCO goes live with HUB
PIMCO is now live on the HUB platform. HUB is a fintech specialising in the investment management sector. Founded in 2021, HUB is backed by PIMCO, Man Group, S&P Global, Microsoft and State Street. PIMCO will initially use two products: HUB Trade, which manages trades through the stages of their lifecycle and enables connectivity with…
TMF appoints head of China
TMF Group, the Netherlands-based provider of compliance and administrative services, has appointed Lilian Huang as market head of China and Taiwan. She will also serve as a member of the APAC executive committee. Before joining TMF, she held leadership roles at J.P. Morgan, Citi and GE Capital. Huang reports to Shagun Kumar, regional head of…
SimCorp wins AP3/AP4 mandates
SimCorp has been selected by AP3 and AP4 as their new provider of a portfolio management system. Following a public procurement process and a thorough analysis of 13 applications, the two Swedish national pension funds have signed a front-to-back SaaS service agreement with SimCorp, covering the entire investment management value chain. AP3 and AP4, collectively…
Citco upgrades CitcoConnect
Citco has released an upgrade to its online service, CitcoConnect, introducing features designed to streamline the capital raising and subscription process and enhance UX. Prospective investors can now start their AML/KYC pre-review online, in advance of completing their initial subscription form through CitcoConnect’s online technology. In addition, the platform’s new data pre-population function enhances online…
Wilson AM appoints Equity Trustees
Wilson Asset Management, an Australian investment manager, has appointment Equity Trustees to be responsible entity/trustee for its new Wilson Asset Management Leaders Fund. Wilson Asset Management currently manages >AUD5bn (USD3bn) for >130,000 retail investors.