Ultimus Fund Solutions, the U.S.-based provider of fund administration, accounting, and investor solutions, has hired Steve Scaringe as a senior vice president, business development. In this role, he will focus on providing enterprise-wide service solutions to institutional investment managers. Scaringe has worked for J.P. Morgan and, most recently, State Street.
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Goji supports Greater Share
Goji, the Euroclear-owned fintech that offers investors digital access to alternative investments, will provide its onboarding technology to support Greater Share’s fundraising efforts for its first fund, which focuses on education. The Greater Share Education Fund, which is governed by Luxembourg law, is set to reach its second close in September 2023, and is supported…
Maybank partners with Broadridge
Maybank Investment Bank Berhad, the Malaysia-based bank, has partnered with Broadridge Financial Solutions to grow its securities borrowing and lending business. Leveraging Broadridge’s securities finance and collateral management solution, Maybank IB’s newly launched offering for institutional investors deploys proprietary technology for a front-to-back platform that is fast, transparent and Shariah-compliant.
SimCorp offer moves ahead
Deutsche Börse has received the final regulatory approval relating to its offer for SimCorp. The offer period expires on 19 September 2023.
Parkes joins BNY Mellon
Shaun Parkes has joined BNY Mellon as head of insurance and investment management. Based in London, he reports to Ed Fandrey, head of Global Client Management, and joins the GCM leadership team. Parkes previously held leadership, sales, and product roles over two decades of experience at J.P. Morgan in both Europe and Asia, including his…
Formidium launches tax module
Formidium, a U.S.-based provider of fund technology and back-office solutions, has released a tax allocations and returns module for its fund accounting software, Seamless. The tax allocations module streamlines the process of tax allocations, federal/state returns preparation, tax schedules such as K1s, and returns such as 1099s and 1042s, for SPVs, hedge funds, venture funds,…
Slater to retire from BNY Mellon
James Slater, CEO of BNY Mellon’s corporate trust business, is to retire at the end of September. Slater, who has run the corporate trust business since 2022, was one of the original CIBC executives to join the CIBC Mellon joint venture at its formation in 1996 before moving to BNY Mellon in 2010. He served…
Northern Trust appoints FX chief
Northern Trust has appointed Dane Fannin to lead its global FX business. Fannin, who joined the bank in 2006, will retain his existing responsibilities for the securities finance business. He reports to Guy Gibson, global head of capital markets, banking & treasury services. Fannin replaces Marisa Kurk, who left earlier this year.
Altum to buy in Luxembourg
Altum Group, a C.I.-based provider of fund, corporate, and family office solutions, has agreed to acquire Link Fund Solutions (Luxembourg) S.A., a provider of AIFM and ManCo services, from Link Group. Link Luxembourg is part of Australia-based Link Group’s fund solutions business. Established in 2018, Link Luxembourg provides services to an institutional client base through…
Xceptor and Taskize form partnership
Xceptor, a data automation platform provider, and Taskize, the Euroclear-owned provider of inter-company workflow, have formed a partnership to supply financial institutions and energy firms with improved counterparty experiences and operational efficiencies. The partnership combines Taskize’s ability to reduce the volume of operational emails and provide greater clarity and real-time management information, with Xceptor’s platform…