Clearstream, Deutsche Börse’s post-trade services provider, has mandated BNP Paribas Securities Services to provide local sub-custody services in Australia and New Zealand. BP2S already provides local clearing and custody to Clearstream across the Euronext and Turkish markets.
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IQ-EQ hires Wendy Piergolam as U.S. head of client development
IQ-EQ, the Luxembourg-based administrator, has hired Wendy Piergolam as head of client development for the U.S., a newly created position. In her new role, Piergolam will operate primarily under the banner of IQ-EQ subsidiary brand, Blue River, which became part of the group following its acquisition earlier this year. Blue River is a provider of…
DMS acquires Azienda in Luxembourg
The DMS Group, a specialist fund corporate governance provider, has acquired Azienda Financial Services, a corporate services provider based in Luxembourg. Azienda specialises in administering investment structures for private equity, real estate and structured finance. Earlier this year, DMS struck an agreement with Luxembourg-based MDO, and Ireland-based MontLake, to form a broad fund governance and…
SC and Northern Trust launch cryptocurrency custody solution
SC Ventures, the innovation and ventures unit of Standard Chartered, has entered into an agreement with Northern Trust to launch Zodia Custody, an institutional custody solution for cryptocurrencies. Zodia is designed to enable institutions to invest in the emerging cryptocurrency assets, including transaction and settlement activities. Under the agreement, which is subject to registration with…
Janus Henderson appoints SS&C/IFDS for global TA
Janus Henderson, the global asset manager with c. USD360bn AuM, has chosen SS&C and IFDS to provide global transfer agency services for its funds. The scope of the mandate will cover funds in jurisdictions outside the U.S. The first stage of the project saw more than 15,000 Irish accounts with more than EUR10bn of assets…
Citi appoints Justin Burman to lead fund services in Australia
Citi has appointed Justin Burman as Australia product head for fund services. The appointment comes as Citi continues to transition clients from RBC, following a client transfer agreement finalised in March 2020. Burman has worked at BNP Paribas and, most recently, at RBC.
State Street adds to collateral management team
State Street has appointed Staffan Ahlner as global head of Collateral+, a part of the funding and collateral solutions group. Ahlner, who previously led BNY Mellon‘s global collateral management business, will manage State Street’s Collateral + team to build on the company’s core collateral management capabilities and develop future collateral management solutions. Ahlner will report…
HSBC joins Aladdin Provider network
HSBC has become the latest bank to offer access to its securities services products via BlackRock’s Aladdin Provider technology, enabling asset managers and asset owners to connect with HSBC through Aladdin. In the first half of 2021, HSBC will begin rolling out its services on Aladdin, starting in Hong Kong and Singapore. HSBC currently administers…
Glenmede adds equity trading to State Street mandate
Glenmede Investment Management L.P., a U.S.-based money manager with USD11bn AuM, has appointed State Street to provide outsourced non-US equity trading and middle office services for GIM’s international equity strategy. This mandate adds to the recently extended investment servicing relationship covering custody, accounting, fund administration and transfer agency solutions for the Glenmede Funds.
GPP adds SGSS to global settlement agent network
GPP, the UK-based clearing, institutional custody and wealth solutions firm, has appointed Société Générale Securities Services, through its subsidiary PAREL, as a settlement agent for its clearing business. The deal will see the SGSS join GPP’s settlement infrastructure alongside GPP’s other agents and its own direct Crest participation.