Salmaan (Sal) Nayeer has joined BNY Mellon in Hong Kong to head the front to back middle office product in APAC. He was previously at HSBC, where he was the APAC middle office product manager.
Richard
Karsten Illy promoted by Northern Trust
Karsten Illy has been promoted to country head, Switzerland for Northern Trust. He takes over this responsibility from Wim van Ooijen and hands over his COO responsibility for Switzerland to André Debrunner, the current head of fund reporting. Wim van Ooijen maintains responsibility for Switzerland as part of his wider GFS executive role and continues…
GemCap hires senior manager
GemCap, the Ireland-based provider of UCITS ManCo services, has appointed John Stokes as head of investment management and designated person with responsibility for investment management (PCF-39D). Based in Ireland, he reports to Conor Hoey, GemCap’s CEO, and joins the senior management team. Prior to joining GemCap, Stokes was head of investments and designated person with…
Nick Maton leaves Intertrust for fintech
Nick Maton has joined AlphaFX Group, a UK-listed fintech as MD, Luxembourg country head. He joins from Intertrust, where he was Luxembourg country head.
UMB wins Texas CLASS custody mandate
UMB Bank, a subsidiary of UMB Financial Corporation, has been selected as custodian for the Texas Cooperative Liquid Assets Securities System Trust (Texas CLASS), a local government investment pool established in 1996 that is available to all Texas municipalities, counties, school districts, authorities, and local government entities. Public Trust Advisors serves as the program administrator…
SWFAL wins GBP1bn ACD mandate
Smith & Williamson Fund Administration Limited (SWFAL), part of the UK-based Tilney Smith & Williamson, has been appointed as Authorised Corporate Director (ACD) for seven Brooks Macdonald funds. SWFAL is already ACD for 11 funds run by Cornelian Asset Managers, which was acquired by the Brooks Macdonald Group in 2019. The deal will see the…
COMGEST signs with SimCorp
SimCorp, a U.S.-based provider of SaaS investment management solutions, has signed a new partnership with COMGEST to support its strategy and offer an enhanced front-to back-office global platform, in partnership with TradingScreen. COMGEST, a France-based manager, will replace its existing front-to-back solution with SimCorp Dimension and Gain data management solutions, both cloud-hosted platforms.
Genesis Custody gets UK regulatory approval
Genesis, a digital asset servicer and digital currency prime brokerage, has received approval from the UK’s Financial Conduct Authority for its Genesis Custody business as a registered cryptoasset business. Genesis Custody provides segregated multi-asset cold storage for full custody of client assets. In 2020 Genesis acquired Vo1t, a UK-based digital custody service provider. The Genesis…
FIS hires State Street digital expert
FIS, the U.S.-based fintech, has appointed Ralph Achkar as head of product strategy for digital assets, currency, and blockchain. He joins from State Street, where he led digital product development for EMEA and ASPAC.
SS&C invests in new tech venture
SS&C has invested in a newly incorporated company formed by the combination of Equiniti and American Stock Transfer & Trust Company, recently acquired by affiliates of Siris Capital Group, LLC. Equiniti is a U.S. and UK provider of shareholder, pension, remediation, and credit technology, and AST is a provider of U.S. shareholder technology. SS&C has…