State Street has selected FundGuard to deliver a strategic accounting solution for State Street Alpha. FundGuard is a scalable cloud-native investment accounting, fund accounting, and contingency NAV solution. The FundGuard accounting solution will be integrated for STP from portfolio management and trading in the Charles River Investment Management Solution through to custody and administration. A…
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HQLAx pioneers cross-DLT repo trade
HQLAᵡ, J.P. Morgan, Ownera and Wematch have successfully tested the technical feasibility of executing a DvP repo transaction across two different DLT platforms at HQLAᵡ and J.P. Morgan. The test showed how rights to securities, recorded in digital collateral records (DCRs) on the HQLAᵡ ledger, and digital cash, recorded at J.P. Morgan, could be recorded…
IDR hires veteran bus dev director
Stu Williams has joined IDR as business development director. Based in Boston, he will be responsible for the growth of IDR’s North American business. IDR provides a central, globally accepted and standardised way for private capital investors to onboard.
Aztec hires for banking & treasury
Paul Clohesy has joined Aztec Group as head of banking and treasury, based in its Jersey office. He joins from JTC, where he was treasury director.
Alison Manley joins U-I’s Ireland board
Alison Manley has joined the Ireland board of Universal Investment, the Germany-based administrator, as an independent non-executive director and chair. She has over 25 years’ experience developing funds and financial products and is an experienced non-executive director of Irish regulated UCITS, AIFs and ManCos. Manley established and was CEO of Goodbody Fund Management, a Super…
BNY Mellon and Pirum launch optimisation service
BNY Mellon and Pirum, a fintech specialising in trading markets, have launched a joint optimisation service to offer collateral providers margining, risk management and inventory management to drive improved risk/return outcomes. The solution, ECPOConnect, combines BNY Mellon’s collateral management service, ECPO, which optimises more than USD4trn in assets globally, with Pirum’s CollateralConnect platform, a SaaS…
Apex appoints chief risk officer
Andrew Jones has been appointed chief risk officer for Apex Group. He previously held the same role at Sanne, which Apex acquired earlier this year. He is based in Jersey, C.I.
CIBC Mellon supports new Van Berkom fund
Van Berkom and Associates has launched its new Global Small Cap Strategy, a pooled fund. Founded in 1991, Van Berkom is a small cap specialist investment firm held 100pct by its employees. Van Berkom manages Canadian, U.S, Greater China and global strategies. As of June 30, 2022, Van Berkom and its Hong Kong affiliate had…
Ultimus supports MF conversion to ETF
Ultimus Fund Solutions, the U.S.-based independent provider of fund administration, accounting, and investor solutions, has supported the conversion of the Conductor mutual fund to an ETF. in its role as accounting agent, administrator, distributor and chief compliance officer, Ultimus partnered with IronHorse Capital, a longstanding client, to facilitate this conversion. Converting to an ETF allows…
Apex launches compliance solutions in U.S.
Apex has expanded its global compliance solutions service to the U.S. market. The global compliance solutions team provides clients with tech-enabled compliance and AML solutions. The expansion into the U.S. market will help to address clients’ risks and concerns around ESG, AML and financial crime, as well as delivering compliance advisory support including for emerging…