ERUPTION (Eddie Van Halen RIP) Custodians respond to the new normal – and it’s working. 13 October 2020: Welcome to our world, you could hear the Europeans and Japanese muttering under their breath as the U.S. banks began to confront the reality of a long-term low/no interest rate environment. But, for the trust banks at…
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The ID Register hires Stuart Layzell as chairman
The ID Register, a C.I.-based provider of investor onboarding services, has appointed Stuart Layzell as chairman. He was most recently CEO at Ocorian, a fund, corporate and private client services firm.
Carne hires Dai Kazamatsuri as lead director for Japan
Carne Group, the Ireland-based service provider to the asset management industry, has appointed Dai Kazamatsuri as lead director for Carne Japan with responsibility for Carne’s Japanese clients and Japanese business development. He joins Carne from Mizuho Trust & Banking’s Luxembourg subsidiary, where he spent ten years in senior roles leading business planning and development.
Carlyle, Pacific Equity Partners issue offer for Link in Australia
Link Administration Holdings Limited, the Australian administrator, has received a conditional, nonbinding indicative proposal from a consortium including Pacific Equity Partners, Carlyle Group and their affiliates to acquire 100pct of the shares. The indicative cash price offered to shareholders under the proposal is AUD5.20 per share. Perpetual, which currently holds 9.65pct of Link Group, has…
State Street & SimCorp to partner on EMEA insurance sector solutions
State Street and SimCorp, an investment management solutions and service provider, have announced their intention to form a business partnership to provide a fully integrated, front-to-back investment outsourcing solution for insurance firms in EMEA. EMEA-based insurance companies will have access to SimCorp Dimension’s cloud-based, multi-asset class capabilities, advanced accounting functionality and managed services, together with…
Apex to support Home REIT plc after IPO on LSE
Apex, the Bermuda-based financial services provider, it provided pre-IPO support to Home REIT plc ahead of its listing on the London Stock Exchange. Apex will continue to work with Home REIT to provide fund, financial and corporate solutions, including real estate fund administration and accounting, AIFMD depositary, corporate governance and company secretarial services.
Mainstream appoints CEOs in Ireland and Cayman
Mainstream Fund Services, an Australian administrator, has made two senior internal promotions within its Irish and Cayman operations following the retirement of John McCann, formerly CEO of Europe and Cayman. Barbara Purcell has been approved by the Central Bank of Ireland as the CEO of Mainstream Fund Services (Ireland) Limited, with responsibility for Mainstream’s Dublin…
Northern Trust wins GBP11bn Marks & Spencer pension fund
Northern Trust has been selected by Marks & Spencer Pension Trust (M&SPT) in the UK to provide a range of asset servicing solutions to the M&S Pension Scheme, a defined benefit pension scheme of which M&SPT is trustee. With GBP11bn of assets (USD14.3bn), the M&S Pension Scheme is one of the country’s 25 largest corporate…
Citi launches host-to-host link with Taiwan Depository & Clearing Corp.
Citi has launched a host-to-host connection with Taiwan Depository and Clearing Corporation which allows Citi to offer its clients near-real-time trade status and settlement confirmations for certain equity settlements, including securities borrowing and lending and ETF activities. Citi claims to be the first custodian bank in Taiwan to use host-to-host connectivity for intraday feeds and…
Broadridge appoints Vijay Mayadas as president of capital markets
Broadridge Financial Solutions, Inc., the U.S.-based fintech provider, has appointed Vijay Mayadas as president of capital markets, a newly created position. He will lead Broadridge’s trade and post-trade capital markets SaaS solutions as part of the global technology and operations business. Capital markets solutions include global post-trade capabilities that support a broad spectrum of asset…