Ocorian, the C.I.-based administrator, has made three senior appointments to its global fund services team in Asia Pacific: Based in Singapore, Naveen Sivaambihaibalan joins the firm as head of fund services, APAC. He joins from Apex Fund Services where he was vice president, private equity and real estate operations. Cursley Legoff joins as a client…
Richard
Sanford C Bernstein consolidates European settlement with BP2S
Sanford C Bernstein Ltd, the broker/dealer subsidiary of Alliance Bernstein, has appointed BNP Paribas Securities Services to provide settlement services in Austria, Germany, Italy, Turkey and Euroclear Bank. This appointment follows Sanford C Bernstein’s decision to consolidate its providers in Europe and strengthens its relationship with BNP Paribas Securities Services, which already provides the broker/dealer…
Ultimus to support semi-transparent ETFs through series trusts
Ultimus, the U.S.-based administrator, is expanding its ETF service offering in its sponsored series trusts to include active licensing for semi-transparent ETFs. Ultimus has licensing agreements with NYSE and Blue Tractor in place.
James Gow joins Aztec as chief client officer
Aztec Group, the C.I.-based administrator, has appointed James Gow as chief client officer, a newly created role. He will lead the business development, marketing and client experience teams. He will sit on the Aztec group executive committee and will be based in the UK. Gow joins from JLL, the real estate firm, where he held…
WHEB AM appoints FundRock as ManCo for new ICAV
WHEB Asset Management LLP, a UK manager, has appointed FundRock Management Company S.A. as the ManCo for a new Irish-domiciled ICAV. FundRock will provide oversight of the delegated functions, risk and compliance monitoring, as well as distribution support services for the new structure and its sub-fund. FundRock already acts as the authorised corporate director for…
Paul McDonough joins State Street’s asset owner sales team
Paul McDonough has joined State Street as a managing director in the asset owner sales division. He joins from Northern Trust, where he spent 13 years in the corporate & institutional services group as a new business development officer within the asset servicing division.
Federated Mutual selects Northern Trust for USD7bn custody mandate
Northern Trust has been selected by Federated Mutual Insurance Company to provide global custody and cash management services for over USD7bn of insurance assets.
BP2S and Curv complete PoC for security token transfers
BNP Paribas Securities Services and Curv, a cloud-based digital asset security infrastructure for financial institutions, have completed a proof of concept to transfer security tokens securely between market participants. As part of this engagement, BNP Paribas Securities Services and Curv transferred a security token using Curv’s multi-party computation solution to ensure the security of the…
Apex hires Ross Webber as head of Bermuda
Apex has appointed Ross Webber as managing director, Bermuda, where the firm is headquartered. Webber reports to Georges Archibald, head of Apex Americas, working alongside Graham MacDonald, director of operations for the Bermuda office.
BNY Mellon & NCB Capital strike white label deal in Saudi Arabia
NCB Capital, the asset management and investment banking arm of Saudi Arabia’s National Commercial Bank, has struck an alliance with BNY Mellon to deliver global custody and associated asset servicing activities to institutional and large asset owners based in the country. The alliance will provide clients of NCB Capital, Saudi’s largest custodian and asset manager,…