Northern Trust has been appointed to provide fund administration, depositary, global custody and its Integrated Trading Solutions (ITS) to BlueBox Asset Management’s Luxembourg-domiciled BlueBox Global Technology Fund. Headquartered in Switzerland, BlueBox Asset Management was established in 2017. Its BlueBox Global Technology Fund (SICAV) has grown assets under management to more than USD1bn. The fund invests…
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State Street deploys DLT for FX margin calculation
State Street, alongside Vanguard and Symbiont, have jointly completed the margin calculation process for a live trade of a 30-day foreign exchange forward contract through the use of Assembly, Symbiont’s distributed ledger technology. The firms have been actively exploring the application of blockchain technology to undertake margin processing for FX forwards and swaps, with the…
HSBC hires global head of investor services product
CP Yap, who was previously president and CEO of Computershare in Hong Kong, has joined HSBC as global head of investor services product, markets & securities services. He is based in Hong Kong, reporting to Sébastien Danloy, global head of investor services at HSBC, and Brian Godins, regional head of securities services, Asia & MENAT.…
SimCorp partners with Domos FS
SimCorp, the U.S.-based provider of SaaS investment management solutions, has entered into a partnership with Domos FS to deliver a front-to-back-office investment management offering covering both public and private markets for asset managers, asset owners and service providers. SimCorp has taken an initial minority stake in Domos FS.
Davies acquires Sionic
Davies, a professional services and technology business, has acquired Sionic, a consulting and technology firm. Headquartered in the UK, Sionic specialises in technology transformation and digitalisation, international regulatory compliance, and risk management. Sionic will join Davies’ consulting & technology practice headed by CEO Mark Grocott. Craig Sher, Sionic CEO, will continue to lead day-to-day operations…
CSC expands in Netherlands
CSC, the U.S.-based provider of business, legal, tax, and digital brand services, has secured additional depositary licences from the Netherlands Authority Financial Markets (AFM). After being one of the first non-bank providers to receive a depositary license for real estate and infrastructure funds, CSC has now extended its licence to include UCITS funds. In addition,…
Aztec partners with Worldfavor for ESG services
Aztec, the C.I.-based administrator, has formed an alliance with the global sustainability platform, Worldfavor, to launch new ESG and sustainability services for private market investment managers.
Equity Trustees hires senior manager from Perpetual
Equity Trustees, the Australian provider of responsible entity and trustee services, has appointed Johnny Francis as general manager, business development and custody, corporate trustee services. Francis spent seven years at Perpetual Limited, most recently as head of sales and relationship management for managed fund services. Equity Trustees’ CTS division currently has more than AUD100bn (USD71bn)…
JTC hires new client services director for Guernsey
Mariana Enevoldsen has joined JTC in Guernsey as a client services director. She was previously at Ocorian in Guernsey.
Mark Snowdon joins StanChart
Mark Snowdon has joined Standard Chartered as head of insurance relationship management for Asia. Based in Hong Kong, he is responsible for managing and developing the bank’s financing and securities servicing insurance client franchise across Asia, incorporating custody, fund services, agency securities lending and prime services activities. He joins from Northern Trust.