Charles Teschner, co-CEO of BNY Mellon’s data & platform solutions business, is to retire at the end of October. Teschner, who joined in 2019 from BCG, was instrumental in advancing the bank’s data strategy and implementation. Mark McKeon, his co-CEO, will continue in that role. In a statement, BNY Mellon said: “BNY Mellon thanks Charles…
Richard
TrustQuay gets new investor
TrustQuay, the UK-based technology provider to the global trust, corporate and fund services industry, has announced that Hg, a leading software and services investor, has become the majority investor in the business. As part of the transaction, the TrustQuay management team will continue in the business whilst the former majority owner, Silverfleet Capital, has fully…
Gen II hires two seniors from Citco
Gen II Fund Services, the U.S.-based independent private capital fund administrator, has appointed Nikolaos Perros as chief operating officer and Ishita Shah as chief commercial officer. Most recently, Perros was head of private equity at Citco Fund Services. Shah also joins from Citco, where she was head of private equity, North America. Gen II has…
Gorman steps down from U.S. Bank
Linda Gorman has stepped down from her role as CEO of U.S. Bank Global Fund Services – Europe. She joined U.S. Bank following its acquisition of Quintillion in 2013. Gorman will be replaced by Ken Somerville, currently COO.
Paradise for J.P. Morgan
Johnny Paradise has joined J.P. Morgan as a VP, securities services sales, asset manager sector, Europe. He is based in Dublin. He previously spent five years at HSBC in the securities services business.
ZEDRA promotes in Guernsey
ZEDRA, the Switzerland based administrator, has appointed Elaine Kennedy as managing director of its Guernsey office, reporting to Steven Bowen, head of Channel Islands. She joined ZEDRA in 2005. Nick Slinn is promoted to deputy managing director.
Clearstream hires from Citi
Marcus Austin has joined Clearstream as head of sales & relationship management for UK, Ireland & the Americas. Austin joins from Citi, where he spent 21 years. He will be based in the UK.
Clearwater to acquire JUMP
Clearwater Analytics, a U.S.-based provider of SaaS-based investment accounting, reporting, and analytics solutions, has entered into an agreement to acquire France-based JUMP Technology. Clearwater expects the acquisition to close before year-end. The terms of the agreement will lead to the purchase of JUMP Technology for EUR75m. The acquisition will add 100 employees serving 70 clients…
Vistra acquires in France
Vistra, the Singapore-based provider of advisory and administrative services, has entered into a Sale and Purchase Agreement (SPA) with MAS France, a French provider of domiciliation, administration and directorship services in the real estate and private equity sectors. This transaction will expand Vistra’s global footprint by entering the French market, making it the 47th jurisdiction…
BNY Mellon adds ESG ratings to sec lending program
BNY Mellon has launched enhancements to its securities finance platform to help clients analyse their agency securities lending program alongside their sustainability goals. Delivered through an interactive dashboard, clients can apply ESG scores based on third-party data across their lendable portfolio, collateral and cash investments to help them evaluate alignment with their individual ESG goals.…