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…
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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.
Alter Domus appoints Tim Houghton as COO
Alter Domus, the Luxembourg-based solutions provider for the alternative investment industry, has appointed Tim Houghton as chief operating officer and a member of the group executive board. Previously, he was Alter Domus’ head of core products and group operations. Houghton joined in 2018 following the acquisition of Cortland Capital Market Services, of which he was…
SIX takes stake in Custodigit
The Swiss Stock Exchange has made an investment in Custodigit, the joint venture created by Swisscom and Sygnum in 2018. With this agreement, SIX Digital Exchange, Swisscom, and Sygnum Bank will enable Swiss banks to offer access to digital assets for their customers through an institutional digital asset gateway. The gateway will support the complete…
Vuna Partners appoints Prescient as administrator for PE fund
Vuna Partners (Pty) Ltd, a mid-market private equity firm based in South Africa, has selected Prescient Fund Services as fund administrator for the Vuna Partners Fund I. Vuna Partners has been seeded by Thuso Incubation Partners, a black-majority-owned private equity incubator. Earlier this year Thuso appointed Prescient to administer its fund of private equity funds.