IQ-EQ, the Luxembourg-based administrator, has appointed Judy Wang as CFO for the Americas, where she will direct the financial performance and management of IQ-EQ’s U.S. and Caribbean businesses. She takes over from departing CFO Scott Hensell, and reports to Matt Okolita, regional CEO, Americas. Following its 2022 acquisition of JGM Fund Services, IQ-EQ’s U.S. footprint…
Richard
Citi appoints new EMEA SS head
Citi has appointed Reto Faber as EMEA head of securities services. He succeeds Maria Cantillon, who has chosen to focus on her EMEA securities services sales responsibilities. Faber, who has been at Citi for over 36 years, is currently EMEA head of custody. In his new role, he reports to David Livingstone, CEO of EMEA,…
Apollo selects Clearwater
Apollo, a Lloyd’s of London insurer with USD500m AuM, has chosen Clearwater Analytics, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, to automate and streamline its investment accounting processes, including data aggregation, trade reconciliation, and reporting on a single integrated platform.
Equilend and Broadridge team up on STP
EquiLend, the securities finance technology firm, has agreed with Broadridge Financial Solutions to facilitate STP to the NSCC’s CCP for equity securities finance transactions. The new service will deploy EquiLend’s liquidity sourcing options and allow clients to trade and automatically submit via Broadridge’s newly launched SFT Submission Service, which provides the market with the capability…
J.P. Morgan appoints new SS head
J.P. Morgan has appointed Teresa Heitsenrether as head of a new unit, data & analytics, which will focus on AI. She is replaced as head of the securities services business by Tim Fitzgerald, currently head of global custody & fund services. He joined J.P. Morgan in 2016 from Deutsche Bank.
Citco to open in Puerto Rico
Citco, the specialist alternatives administrator with USD1.8trn AuA, has chosen Mayagüez, Puerto Rico, as its latest base for a client support centre. Citco says it has chosen Puerto Rico due to its broad availability of educated professionals in the financial sector. The Mayagüez office, which will open in 2024, will be led by Colin Johnson,…
Pricoa taps Apex for Spanish deal
Pricoa Private Capital, part of PGIM, has appointed Apex to support its provision of senior capital to Real Betis Balompié for refinancing. Real Betis is a Spanish professional soccer club based in Seville. Pricoa has provided the club with a EUR65m senior secured term loan. Apex in Spain acted as the facility and security agent…
Zodia hires ops head
Zodia Custody has appointed Samuel Max Howe as head of operations. He joins from GSA Capital, a multi-asset quant hedge fund, where he was head of crypto operations.
BNPP deploys AI-driven virtual agent
BNP Paribas’s securities services business has launched a virtual agent, NOA (NextGen Online Assistant), on its client services portal, NeoLink. NOA deploys the latest cognitive technology from Amelia, a U.S.-based provider of enterprise conversational AI. Leveraging Amelia’s advanced machine learning for context recognition, NOA helps clients find the information they need quickly and efficiently. NOA…
Gen II hires BBH veteran in Lux
Michael Mekhaeel has joined Gen II Fund Services as head of depositary at Gen II Luxembourg Services, a wholly-owned subsidiary. Mekhaeel previously spent 17 years at BBH in Luxembourg. Gen II focuses exclusively on the private capital sector, and claims to have USD900bn AuA.