Apex has expanded its digital banking services delivered by its Luxembourg-based subsidiary, European Depositary Bank. EDB’s digital banking platform offers a tailored solution for asset managers and SPVs, family offices, corporates, trusts and UHNWI. Clients can now open multi-currency accounts and manage their day-to-day transactions, including global payments, FX requirements and cash management through automated…
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EDS appoints PB veteran to board
Equity Data Science, an investment process management software provider that delivers insights and productivity tools to hedge funds and asset managers, has announced that Ed Keller has joined the firm’s board of directors. Keller recently retired after 28 years at Morgan Stanley as a managing director and the global head of prime brokerage. Northern Trust…
LemonEdge strikes deals with 73 Strings & Anduin
LemonEdge, the UK-based fund accounting platform for the private asset sector, has struck a deal with 73 Strings, a fintech which provides advanced monitoring technology and a valuation platform for both equity and credit asset classes. The system is designed to streamline processes for analysing, valuing, monitoring and trading in illiquid assets. LemonEdge and 73…
Ocorian appoints CFO
Ocorian, the C.I.-based administrator, has appointed Gavin James as CFO. Most recently, James was CFO for global technology and management consulting group Capco.
Waystone appoints HK bus dev MD
Waystone, the Ireland-based provider of specialist services to the asset management sector, has appointed Joost Lobler as managing director, business development in Hong Kong. Lobler spent seven years with Standard Chartered before establishing his own company in 2021.
Apex closes Sanne acquisition
Apex has closed the acquisition of Sanne Group plc, the UK-based provider of alternative asset and corporate services. Following the close of the acquisition, Apex now services nearly USD3trn in assets across administration, depositary, custody and management. The addition of Sanne brings another 2,500 people into the group and adds six new locations in Denmark,…
Altum appoints head of growth
Altum Group (formerly LGL Group), the C.I.-based administrator with USD27bn AuA, has appointed James Milner as head of growth. He will focus on driving the growth of Altum’s fund and corporate solutions offering, He joins from Crestbridge.
Clearstream and Pirum expand services
Clearstream and Pirum, the securities finance automation provider, have extended their services to offer new collateral connectivity. This allows mutual clients to automate the calculation, matching, submission and validation of collateral requirements and allocations for securities lending, repo and OTC derivative transactions. The extended connectivity assists clients with agreeing collateral on a real-time basis, reducing…
BNY Mellon adopts Xceptor
BNY Mellon has entered into a multi-year licensing agreement to adopt the Xceptor tax platform. The Xceptor solution will provide digital process automation for tax documentation management and pre-population, identification of tax relief opportunities, and enhanced submission and tracking of withholding tax reclaims. The phased implementation of Xceptor’s end-to-end tax platform should help to reduce…
BP2S shuffles F&IC management team
BNP Paribas Securities Services has appointed Camille Papillard as head of financial intermediaries and corporates (FI&C) EMEA. She was previously head of clearing and settlement products and custody sell-side solutions, and replaces Stanislas Beneteau, who will now be responsible for continuing the build-out of the FI&C franchise in the Americas, including development of its footprint…