Pear Tree Advisors, a U.S. manager, has appointed UMB Fund Services to provide fund accounting and global custody services for its mutual funds. UMB will provide global custody through its institutional custody division, while the fund services division will also provide tax and reporting services to Pear Tree’s six funds, which have USD5bn AuM. UMB…
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State Street expands relationship with ANIMA
State Street has entered into an agreement with ANIMA SGR, the independent Italian asset manager with EUR198bn (USD232bn) AuM, to provide front office IT platform solutions and back-office administration services for certain ANIMA institutional and retail managed accounts (s.c. gestioni patrimoniali). Services provided by State Street in Italy cover approximately EUR24bn (USD28bn) AuM for retail…
Ultimus hires Joel Lieb
Ultimus Fund Solutions, the U.S.-based fund services provider with >USD350bn AuA, has hired Joel Lieb as senior vice president – relationship management. Lieb was most recently an EVP at B&G Business Solutions, Inc., a management consulting firm. His experience includes more than 30 years with SEI in positions across relationship management, client solutions & advice,…
State Street appoints three new country heads in Europe
State Street has appointed new country heads for Germany, Luxembourg and Switzerland. Andreas Niklaus has been appointed as the head of Germany, Riccardo Lamanna as the head of Luxembourg and Dagmar Kamber Borens as the head of Switzerland. They will be responsible for developing business, stewarding client engagement, developing talent, and building the company’s brand…
BNY Mellon/SNB Capital alliance goes live in Saudi Arabia
BNY Mellon and SNB Capital have gone live with their combined global securities services offering to institutional and large asset owners based in the Kingdom of Saudi Arabia (KSA). This comes after the 2020 agreement in which NCB Capital (now SNB Capital, following the merger with Samba Capital), KSA’s largest custodian, struck an alliance with…
State Street hires Sam Edwards to head AsPac collateral management
State Street has hired Sam Edwards as head of collateral management for Asia Pacific. Based in Hong Kong, Edwards will report globally to Staffan Ahlner, global head of collateral management, and regionally to Michele Hardeman, head of global markets, Asia Pacific. Edwards joins State Street from Credit Suisse, where he was most recently head of…
JTC strengthens Guernsey leadership team
JTC, the C.I.-based administrator, has strengthened its Guernsey senior leadership team with the appointment of Graham Sleep as director – fund services. Sleep joined JTC in 2015 following the acquisition of Kleinwort Benson’s fund administration business and he is relocating to Guernsey from JTC’s Cape Town office in South Africa. He will assume responsibility for…
New CEO at SIX Digital Exchange
SIX Digital Exchange has appointed David Newns as CEO, replacing Tim Grant, who is moving to Galaxy Digital. Newns joins from State Street, where he was global head of GlobalLink Execution Services, which includes the FXConnect and Currenex trading platforms.
Langham Hall supports Coniston Capital’s maiden fund
Langham Hall has supported Coniston Capital, a UK-based private equity investor, with the launch of its maiden fund, Coniston Capital I LP, which has initially closed at GBP24m (USD33m). Langham Hall has been appointed to provide administration and accounting services from its London office.
State Street appoints country head for Japan
State Street has appointed Taro Kuryuzawa as country head for Japan, a newly created role. Based in Tokyo, Kuryuzawa will report to Mostapha Tahiri, chief executive officer for Asia Pacific. Kuryuzawa joined State Street earlier this year, from Deloitte Tohmatsu, where he was most recently head of institutional investor coverage in Japan and global lead…