U.S. Bank has deployed Sustainalytics, the provider of ESG research and ratings owned by Morningstar, to offer ESG data solutions to its global fund services clients. U.S. Bank has integrated Sustainalytics’ research and ratings to support portfolio analysis which enables regulatory compliance and investor and financial reporting capabilities to address regulatory and investor reporting demands.…
Richard
Waystone supports new energy fund
Waystone, the provider of global governance and third-party ManCo services, has supported the launch of the Kayne Anderson Renewable Infrastructure Fund on the MontLake UCITS Platform ICAV. The fund, managed by Kayne Anderson Capital Advisors L.P., follows a long-only strategy, investing in listed renewable infrastructure companies that are involved in business activities related to renewable…
Preqin expands in Europe
Preqin, the provider of alternative assets data, tools, and insights, has opened an office in Frankfurt, Germany.
HSBC launches new PA admin platform
HSBC has launched a new technology platform to provide private asset administration services to asset owners and managers. The new platform, powered by SEI, offers private asset investors digital workflow and reporting solutions, allowing them to oversee (via a consolidated data stack) all aspects of their operating model – from fund accounting to investor reporting.…
BBH veteran joins BNY Mellon
BNY Mellon has appointed Vivian Tung as global head of ETF services. Based in the U.S., she will be responsible for managing all operational and client services aspects of the ETF business, including innovation, design, technical implementations, client onboarding, and client servicing. Tung joins from BBH, where she spent nearly 17 years, most recently in…
State Street updates timetable for BBH deal
State Street has confirmed that it expects to close the deal to acquire BBH’s investor services business by the end of the second quarter. State Street pointed to a protracted regulatory approval process as one reason for the delay.
Avanti rebrands as Custodia
Avanti Financial Group, Inc. has rebranded as Custodia Bank, Inc., as a precursor to the launch of its digital asset bank. Custodia Bank plans to launch in Q2 with U.S. Dollar deposit accounts for business customers, initially providing ACH and Fedwire services. The post-launch roadmap includes digital asset custody, Avit (a payment instrument similar to…
LSEG to acquire TORA
The London Stock Exchange Group (LSEG) has agreed to acquire TORA, a U.S.-based trading technology provider, for USD325m. Founded in 2004, TORA has an order and execution management and portfolio management solution for clients trading equities, fixed income, FX, derivatives and digital assets. The addition of digital assets to LSEG’s trading capabilities strengthens its presence…
BNY Mellon to deploy Chainalysis
Chainalysis, the UK-based blockchain data platform, has announced that BNY Mellon will be the first GSIFI to use Chainalysis’s compliance software as part of its risk management program. This integration will form a component of BNY Mellon’s strategy to develop cryptocurrency services for its clients. BNY Mellon plans to integrate the full Chainalysis compliance software…
Northern Trust supports 5CP’s USD144m fund launch
Northern Trust has been appointed by 5th Century Partners (5CP), a purpose-driven private investment firm based in Chicago, to provide fund administration and related services. The relationship includes banking, investor services and support for the launch of 5CP’s oversubscribed debut fund, which closed to investors earlier this year with USD144m in capital commitments. Northern Trust…