M&G Investments has launched the first in a new range of fixed income active ETFs, marking the first phase of a broader roll out. These are backed by a GBP350m (USD468m) investment from M&G’s life business on behalf of several underlying client funds and funds from the multi asset range. The funds are domiciled in…
Richard
Suntera acquires in Singapore
Suntera Global, the C.I.-based provider of fund, corporate and private wealth services, has acquired Singapore-headquartered fund and corporate service provider, Aurtus Singapore. The acquisition of Aurtus Singapore is Suntera’s eleventh acquisition since 2019 and establishes a presence for Suntera in Singapore for the first time. Aurtus Singapore was established in 2023 and has a team…
Ultimus deploys FINTRX
FINTRX, the private wealth intelligence platform, has partnered with Ultimus Fund Solutions to provide Ultimus’ asset management clients with access to FINTRX’s private wealth intelligence. Users will gain direct access to FINTRX’s platform, which features detailed profiles and data on RIAs, broker/dealers, family offices, and other private wealth entities. By leveraging FINTRX’s data and intuitive…
Northern Trust reshuffles leadership team
Northern Trust has made a number of leadership appointments, effective January 1, 2026. Clive Bellows, president of EMEA, and Guy Gibson, global head of institutional banking & markets, have been appointed co-presidents of Asset Servicing, succeeding Teresa Parker, who will retire after more than 40 years with Northern Trust. Melanie Pickett, head of asset servicing…
Al West steps down from SEI
Alfred (Al) West, Jr., SEI Investments’ founder and executive chairman of the board, has stepped down from his role as a director and board chair as part of a planned transition effective Jan. 1, 2026. The board has appointed Carl Guarino, an independent director of SEI’s board since 2014, as chairman. West will become chairman…
DTCC partners with Digital Asset & Canton
DTTC has partnered with Digital Asset and the Canton Network to enable the tokenisation of DTC custodied assets on the Canton Network. The partnership follows DTC’s recent receipt of a No-Action Letter from the SEC to implement and operate a new service to tokenise real-world, DTC-custodied assets. Through this partnership, DTCC plans to enable a…
Damn the Torpedoes
In 2025, bank inserv providers knew that they didn’t want to participate in the consolidation game – but they were less sure about what they do want. OK, so ETFs continued to be the hottest market out there – closely followed by private assets – but what else was going on in 2025? For a…
Dimensional launches European ETFs
State Street has been appointed as the service provider to Dimensional Fund Advisors’ newly launched actively-managed UCITS ETFs. The initial funds listed are the Global Core Equity UCITS ETF and the Targeted Value UCITS ETF. The funds are domiciled in Ireland, regulated by the Central Bank of Ireland and listed in London and Frankfurt. State…
Aztec hires global head of sales
Aztec, the C.I.-based administrator, has appointed Michael Saunders as global head of sales. Prior to joining Aztec, he was managing director, securities services, sales execution at J.P. Morgan. Before that, he spent over 25 years at Brown Brothers Harriman.
Flanagan to leave BNY
Alan Flanagan has announced his departure from BNY. Flanagan, an Irishman based in New York, had an 18-year career with BNY, most recently as head of global client coverage for the asset servicing business. He will start a new job in mid-March, but has not yet disclosed details. The news follows the planned retirement of…