Ocorian, the C.I.-based administrator, has appointed Ashish Prabhakar as head of business development and capital markets for the Americas. Based in New York, Prabhakar will report to Simon Behan, chief commercial officer. He was previously at HSBC.
Richard
IQ-EQ rebrands French businesses
IQ-EQ, the Luxembourg-based investor services provider, has rebranded two of its French businesses, Peru & Partners and Conseil Expertise & Synthèse (CE&S), as IQ-EQ. Equitis, the fiduciary services provider, will retain its brand. IQ-EQ in France has over 100 staff.
State Street partners with Paxos in T+0 pilot
Paxos, the regulated blockchain infrastructure platform, has partnered with State Street to integrate State Street’s custody services into the Paxos Settlement Service. As part of the pilot, State Street was able to simulate the settlement and custody of shares on the Paxos platform and asset movements more efficiently. State Street was able to send settlement…
Northern Trust hires senior insurance banker
Mauricio Sandoval has joined Northern Trust as a senior sales representative focused on the insurance sector. He previously spent 23 years at BNY Mellon, most recently as a senior relationship manager in the banks, broker dealers and insurance group. He is based in New York.
Citi makes European management changes
Citi has announced some senior management changes in Europe: Alex Todd has been appointed head of securities services for Europe. He will report to Maria Cantillon, EMEA head of securities services sales, Kristen Braden, and Bryan Murphy, global head of bank sales. He will continue in his role as EMEA head of bank sales. He…
Stonegate hires MD for digital assets group
Stonegate Global has hired Skyler Steinke as managing director – digital assets group. Stonegate Global is a U.S.-based provider of fund administration, global advisory and fund structuring services for crypto funds, hedge funds, venture capital funds, real estate funds and private equity funds. Stonegate Global specialises in servicing DeFi crypto funds involved in staking, yield…
Peter Nagle leaves Sanne
Peter Nagle has joined Harneys Fiduciary as CEO. He was previously chief commercial officer for Sanne.
Two join BNY Mellon from BBH
Meaghan Lee has joined BNY Mellon as a vice president in the relationship management team, based in Boston. She was previously at BBH. Michael Prisco, also formerly of BBH, has joined BNY Mellon as a director.
BNY Mellon to administer new Grayscale European ETF
BNY Mellon in Ireland has been appointed as custodian and administrator for Grayscale’s first European ETF, launched through the HANetf platform, for which BNY Mellon provides custody and administration. The Grayscale Future of Finance UCITS ETF (GFOF) will list on the London Stock Exchange, Deutsche Börse and Borsa Italiana and will be available to investors…
State Street to administer crypto ETF in Australia
K2 Asset Management has appointed State Street Australia Limited as the fund administrator and custodian in Australia for the Cosmos Purpose Bitcoin Access ETF (Cboe: CBTC), Australia’s first cryptocurrency ETF ultimately backed by physically settled Bitcoin. CBTC’s underlying asset is the Purpose Bitcoin ETF which is managed by Purpose Investments and quoted on the Toronto…