Jaid, the UK-based technology firm providing AI-powered human communication solutions, has appointed Ken Dummitt as chief revenue officer. Dummitt will lead the company’s global business development team, responsible for driving revenue growth and expanding Jaid’s reach into new sectors and markets. He was previously running his own consultancy practice. Jaid rebranded from Opsmatix in 2022,…
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Clearstream Fund Centre appoints Kneip
Kneip, a Luxembourg-based provider of fund data management and reporting solutions for the asset management industry, has become the sole provider of fund data and documents for Clearstream Fund Centre. Over 450 fund distributors use Clearstream Fund Centre to gain access to 550 fund providers with a single legal agreement. Clearstream Fund Centre’s covered investment…
Street goes to Novatus
Novatus Advisory, a UK-based risk, regulation and ESG consultancy and technology solution provider, has appointed Richard Street as chief revenue officer for its RegTech division. Street was previously at RBC, and has also worked at Citi.
Clearstream & Vermeg collaborate on ECMS
Clearstream has joined forces with Vermeg, a fintech focused on collateral management & asset servicing, regulatory reporting and digital transformation. The partnership will deliver an STP collateral management solution connected to the Eurosystem Collateral Management System (ECMS). The ECB is introducing ECMS to unify the management of collateral of national central banks across the Eurozone.…
Zeeb stands down from SIX
After 14 years on the executive board of SIX, the Swiss stock exchange, Tom Zeeb has decided to leave the company at the end of January 2023. The search for a successor has already been initiated. Until a permanent replacement is appointed, Christoph Landis, currently head of IT and member of the executive board of…
MUTB outsources cash management to FWIA
Mitsubishi UFJ Trust and Banking’s (MUTB) global securities lending solutions group has established a securities lending cash management partnership with Fort Washington Investment Advisors (FWIA), the investment arm of Western & Southern, a financial services company and life insurance group. FWIA will be MUTB’s preferred provider for clients that require a separately managed account for…
RE manager selects Phoenix American
Phoenix American has been appointed by Wander, the real estate investment fund sponsor, to provide transfer agency, fund accounting and back-office services.
Purves to succeed Aztec’s Moore
Edward Moore, Aztec Group founder and CEO, is to become chair of the group board. He will be succeeded as CEO by current group chair, Kathryn Purves, effective 1 April 2023. Purves was appointed group chair in April 2022, having initially joined the group as a non-executive director in 2020.
Core opens in Guernsey
Core Fund Services (Guernsey) Limited has opened. Core is an independent, owner-managed business offering fund administration, accounting, compliance and corporate governance services to investment funds and management entities domiciled in Guernsey.
Apex to acquire BACSIL
Apex plans to acquire Bank of America Custodial Services (Ireland) Limited (BACSIL), the Irish depositary business of Bank of America. Apex will acquire BACSIL through its subsidiary, European Depositary Bank. The BACSIL business, based in Dublin, provides depositary services for client assets of USD71.4bn. Upon closing, BACSIL’s team will join Apex in Dublin.