BNY Mellon has established an alliance with Financial Recovery Technologies, the U.S.-based provider of securities class action recovery services to the investment community. The alliance will offer solutions to address the demand for better governance solutions associated with shareholder litigation monitoring and recovery, offering BNY Mellon’s clients access to FRT’s suite of class action solutions,…
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ACOLIN acquires Gert Rautenberg’s GFA
ACOLIN, a Switzerland-based provider of regulatory and cross-border fund distribution services across Europe, has acquired GFA. Founded in 2014, GFA operates a SaaS-based data collection and analytics platform for asset managers and distributors to manage their compliance obligations and to enable asset managers to gain insights into their distribution networks and identify opportunities to improve…
Ocorian adds five BD directors
Ocorian, the C.I.-based provider of fund administration, corporate, trust and capital markets services, has strengthened its European and UK business development team with the appointment of five new business development directors. Based in London, Andrew Stewart joins after most recently serving as an executive director at MUFG Investor Services. Chris Mayfield joins from Vistra. Vivienne…
LJ Jhangiani joins MUFG IS securities lending team
LJ Jhangiani has joined MUFG Investor Services’ global securities lending solutions team He will be working for Tom Ryan, head of asset & liability trading, as head of securities lending automated processing. He was previously at BMO Harris Bank.
Lifetri outsources MO/BO to CACEIS
Lifetri Group, a Dutch provider of life, funeral and term life insurance, has selected CACEIS for outsourcing of its middle and back office asset management operations. The service includes investment administration, transaction processing and investment reporting. CACEIS will deploy the latest version of SimCorp Dimension to support Lifetri.
Hamilton Global Opportunities appoints Equity Trustees as AIFM
Hamilton Global Opportunities PLC, a UK-based manager, has selected Equity Trustees to act as its AIFM in Ireland. HGO will invest in sustainable opportunities arising from direct access into growth stage companies in tech, fintech and medtech, with a primary focus on Silicon Valley and Israel.
State Street & U.S. Bank back Securrency
Securrency, a U.S.-based fintech, has raised USD30m in its latest funding round, which will be used to fund the company’s expansion plans. The Series B funding round included WisdomTree Investment, an existing investor, along with, inter alia, State Street and U.S. Bank. Securrency develops blockchain-based financial and regulatory technology.
Apex sets partnership with class action specialist Battea
Apex Group has established a partnership with Battea Class Action Services, a specialist in class and collective action antitrust and securities litigation recovery services, international litigation research and monitoring. The partnership will provide Apex clients with access to Battea’s claims processing technology; along with specialists in international litigation, damage valuation, and financial technology. Battea will…
Citi goes live with Proxymity in 10 markets
Proxymity, the digital proxy voting platform that was spun out of Citi‘s securities services business in 2020, has gone live with Citi for proxy voting services for institutional clients in ten markets: UK, Germany, Netherlands, Belgium, Ireland, Austria, Spain, France, Portugal and Australia.
U.S. Marshals Service appoints BitGo for digital assets custody
BitGo, a digital assets financial services provider, has been awarded a contract for custody of digital assets for the U.S. Marshals Service through BitGo Trust Company, which is based in South Dakota.