Crestbridge, the C.I.-based administrator, has appointed Conor O’Brien as head of accounting and transfer agency for Ireland. He joins from SGSS.
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CIBC Mellon establishes Indigenous Asset Servicing unit
CIBC Mellon has established an Indigenous Asset Servicing Unit to serve its growing client base of First Nations and Indigenous Institutional Investors. The new unit will deploy asset servicing and digital solutions developed to service Indigenous Governments, First Nations, Indigenous Asset Managers and Indigenous Asset Owner organisations. CIBC Mellon has appointed Trish Roberts as assistant…
INDOS receives CBI approval for depositary services in Ireland
INDOS Financial (Ireland) Depositary Limited, part of INDOS Financial, has received regulatory approval from the Central Bank of Ireland to provide depositary services to private equity, real estate and other alternative investment funds under Regulation 22(3)(b) of Ireland’s AIFM regulation. INDOS, which was acquired by JTC earlier this year, has operations in the UK and…
BBH rolls out Infuse TA
BBH has deployed Infuse Transfer Agency to its TA clients. Infuse TA is a digital experience integrated into BBH’s Infuse client portal, providing clients with a single view, in real time, of their entire investor onboarding process and shareholder register. Launched in 2020, over 60 asset managers distributing globally now have access to Infuse TA.…
Nationwide adds to BP2S mandates
Nationwide, the world’s largest building society, has appointed BNP Paribas Securities Services to provide triparty collateral management and global custody services for its non-UK assets. The selection of BP2S’s triparty collateral management services helps Nationwide meet its obligations under Wave 5 of the initial margin rules. These require financial institutions to post collateral to back…
Connect PRO selects EFA for new PE fund
EFA, the Luxembourg-based administrator, has been selected by Connect PRO for administration and accounting for its new private equity fund, FPCI Sud Rebond. The fund aims to invest in promising companies mainly located in the south of France.
Paul Schreibke promoted to run Oak Fund Services in Guernsey
Oak Group, the C.I.-based private client, corporate services and fund administration business, has appointed Paul Schreibke as managing director of Oak Funds Services in Guernsey. He joined Oak Guernsey in 2019, as managing director of Oak Trust (Guernsey) Limited.
BP2S upgrades triparty collateral management service
BNP Paribas Securities Services has upgraded its triparty collateral management service to support synthetic securitisation and collateralised note structures, bringing greater operational efficiency and protection to those structures. The service will enable the proceeds of notes issuance to be transformed through securities finance transactions – or a cash loan secured with securities – efficiently and…
State Street adds convertibles for P2P lending
State Street has expanded its peer-to-peer securities finance product, Direct Access Lending, which enables direct, principal loans between its lending and borrowing clients. It now enables borrowers to post U.S. convertible bonds as collateral to facilitate the participation of new clients and strategies. The same operational support provided for equity-for-equity loans in Direct Access Lending…
Milestone launches fair value control solution
Milestone Group, the fintech firm owned by BNY Mellon, has launched a new Fair Value Control solution. This new solution is for teams responsible for the administration and compliance of the fair value process and ensuring that funds’ securities are correctly valued in accordance with policy. This solution leverages the pControl funds platform that currently…