Northern Trust has named Scott Bachmann as UK head of public sector (LGPS) within its institutional investor group. Bachmann joined Northern Trust in 2006, and was most recently head of investment risk & analytical services for EMEA and Asia.
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Eric Chng joins State Street in APAC
State Street has appointed Eric Chng as an SVP within its client segments group, focused on the alternatives and insurance sectors in Asia Pacific. He is based in Singapore, and joins from Citco, where he was head of business development and sales across APAC.
Broadridge expands proxy voting service
Broadridge Financial Solutions, a U.S.-based fintech, has expanded its Direct Market Solutions service, a custodian-focused, golden copy event sourcing and vote execution extension to Broadridge’s global proxy solution. Enhancements to DMS include expansion of coverage to 20 markets, improvements to market deadlines and extended voting windows by up to three days, and a reduction in…
State Street to add 400 tech jobs in Ireland
State Street is to establish a new 400-strong team in Ireland to provide technology infrastructure and cybersecurity services to support group operations globally. State Street currently employs approximately 2,000 staff in Ireland across Dublin, Drogheda, Naas and Kilkenny. The new unit will be located at IDA Ireland Business and Technology Park in Kilkenny, where State…
Apex appoints new CEO of Luxembourg fund services
Apex has appointed Frederic Bilas as CEO and member of the board of directors of Apex Fund Services in Luxembourg. The appointment is subject to regulatory approval. He joined Apex in 2020 as COO of the Luxembourg business.
China’s E Fund appoints HSBC to service Luxembourg UCITS
HSBC has been appointed by E Fund Management (Hong Kong) Co Ltd to provide servicing solutions for its existing Luxembourg UCITS. This expands HSBC’s servicing of E Fund’s current funds business beyond Asia, where HSBC acts as the depositary, custodian, transfer agent, fund administrator and corporate secretary of the E Fund Greater China High Dividend…
Danske Invest awards J.P. Morgan USD70bn mandate
Danske Invest, the mutual funds arm of Denmark’s Danske Bank, has appointed J.P. Morgan as custodian and depositary for a portion of its funds business, covering assets of USD70bn (EUR59bn). In total, Danske Invest has EUR100bn AuM (USD118bn) across 300 funds.
ZEDRA appoints head of fund management services in Lux
ZEDRA, the Switzerland-based provider of fund and corporate services, has appointed Charles-Alexandre Houillon as director of fund management services in Luxembourg. He was previously self-employed, after spending five years at Vistra.
State Street appoints new head of global markets for Europe
State Street has appointed Simona Stoytchkova as its new head of Global Markets, Europe. Global Markets is State Street’s capital markets business, providing research, trading, and securities lending services for foreign exchange, securities and derivatives. Based in Frankfurt, Stoytchkova joins from IG Europe, where she was country head for Germany & Netherlands.
Coller Capital selects Alter Domus for USD680m credit fund
Alter Domus, the Luxembourg-based alternatives administrator which has AuA of c. USD1trn, has been selected by Coller Capital to provide fund administration and depositary services for a new private credit secondaries fund. The credit portfolio is managed by Ping An Overseas Holdings, with the transaction thought to be the world’s largest for a credit portfolio,…