JTC, the C.I.-based administrator, has appointed Abi Holland as CEO of INDOS Financial, a UK-based provider of fund depositary and oversight services which JTC acquired in2021.She takes over the role from Alan Davies, who will continue to work with INDOS until his retirement.
Richard
Artemis consolidates with Northern Trust
Northern Trust has been appointed to provide a range of solutions for Artemis, a UK-based asset manager with >GBP24.3bn (USD30.1bn) AuM The deal sees Northern Trust appointed as Artemis’ single provider of asset servicing solutions. The agreement includes the provision of investment operations outsourcing solutions, fund administration, depositary, global custody and transfer agency services for…
State Street launches carbon asset service
State Street has launched a carbon asset servicing solution and depositary services to enable clients to integrate carbon-related assets into their portfolios. State Street aims to simplify the management of carbon assets for clients. Additionally, clients accessing the solution will be able to incorporate carbon assets into both existing ESG and non-ESG portfolios, using State…
Dale Smith to retire from U.S. Bank
After a distinguished 45-year career with U.S. Bank, Dale Smith is to retire. He is currently head of the Wealth Management & Investment Services Transformation Office, and has overseen the migration of its custody business to the SEI Wealth platform. During his storied career he led expansion of the trust & custody business from USD400bn…
Crestbridge hires Ireland compliance head
Crestbridge, the C.I.-based alternatives administrator, has appointed Paul Phelan as head of risk & compliance in Ireland. He will be responsible for risk, compliance and MLRO for Ireland. He was previously with Link Group.
Yealand appoints head of operations
Darren Hay has been appointed as head of operations at Yealand Fund Services, a UK-based administrator. Prior to joining Yealand, he worked at Columbia Threadneedle, Zurich Assurance, St James’s Place and, most recently, at Brunel Pension Partnership.
Citi confirms new Benelux chief
As previously reported, Citi has now confirmed that Eduardo Gramuglia Pallavicino has joined as the new head of Belgium, Netherlands and Luxembourg (Benelux) for securities services. Before a brief spell at Next Gate Tech, Gramuglia was at State Street where he was CEO and country head of Luxembourg. He replaces Larissa Sototskaya, who has moved…
SS&C hires from ICI for compliance role
SS&C has hired Joanne Kane as chief compliance officer for SS&C Global Investor and Distribution Solutions (GIDS) in the U.S. She will lead efforts to identify and support the complex compliance and risk management needs of SS&C’s registered fund clients in the U.S. Kane joins SS&C from the Investment Company Institute, an industry association representing…
BNY Mellon hires new custody chief
BNY Mellon has hired Ryan Cuthbertson as global head of custody services. He reports to Emily Portney, CEO of asset servicing. Cuthbertson was most recently head of product for custody and clearing at Standard Chartered. Cuthbertson replaces Caroline Butler, who will now focus on her role as CEO of digital assets. Butler has been running…
FIVE EASY PIECES
CACEIS wants to be the dominant inserv provider in Europe. The RBC deal won’t deliver that, but it’s a start. Some of you may be familiar with a Major League Baseball team called the Los Angeles Angels. That’s right: they are called (in translation) The Angels Angels. If the franchise paid anything to a branding…