BNP Paribas has been appointed by Insignia Financial, an Australian wealth manager, to provide custody and administration services. Insignia Financial holds AUD319.6bn (USD203bn) under management and administration The service offer will cover Insignia Financial’s MLC and OnePath businesses, with transitions finalised in 2025.
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State Street makes senior appointment in ME
State Street has appointed Majed Al Hassoun as country head for Saudi Arabia and Bahrain. Reporting to Oliver Berger, head of emerging growth markets, and Emmanuel Laurina, head of Middle East, Africa and official institutions, for State Street Global Advisors, he is based in Riyadh, and will also act as CEO of State Street Saudi…
NTRS appoints MEA head
Northern Trust has named Kashif Khalid as head of MEA. He joins from SimCorp, where he was managing director of MEA.
IDR hires U.S. bus dev director
IDR, the private funds clearinghouse, has appointed Gray Sain as business development director, based in New York. He joins from Willkie Farr & Gallagher LLP, an international law firm.
NTRS partners with NUS
Northern Trust has signed a three-year memorandum of understanding with the National University of Singapore to drive innovation in green finance and promote the adoption of green finance frameworks and blockchain technology. A centerpiece of the partnership is a tokenisation initiative leveraging Northern Trust’s Matrix Zenith platform, aimed at bringing the green credentials of bonds…
U.S. Bank expands APAC network
U.S. Bank has appointed Citi and HSBC as sub-custodians for its Asia-Pacific network. The initial markets included in this move are Hong Kong, India, South Korea and Taiwan. U.S. Bank is using Citi for India, whilst HSBC will be sub-custodian for Hong Kong, South Korea and Taiwan. Additional Asia-Pacific markets will be added in the…
Gen II hires European bus dev chief
Gen II Fund Services, the independent private capital administrator, has appointed Paul Spendiff as head of business development for Europe, based in London. He joins Gen II from Ocorian, where he was global head of fund sales. Earlier in 2024 Gen II completed the acquisition of Crestbridge, a UK-based provider of private capital fund administration…
First Sentier expands with NTRS
Northern Trust has expanded its relationship with First Sentier Investors, an Australia-based asset manager with more than USD157bn AuM. Under the terms of the new mandate, Northern Trust will integrate a range of front-to-back solutions for the manager’s public market fund business in Australia, Ireland, Singapore and the United Kingdom. Services provided include custody, depositary/trustee…
Hamilton Lane teams up with Allfunds, Apex
Hamilton Lane, a U.S.-based global private markets investment management firm, has struck a partnership with Allfunds Blockchain, the digital innovation arm of Allfunds, as the firms seek to further expand access to private markets for investors across Europe. The firms intend to expand access to certain Hamilton Lane funds by offering tokenised versions via the…
TCorp acquires stake in Euroclear
TCorp has acquired a 4.92pct interest in Euroclear Holding SA/NV from London Stock Exchange Group (LSEG). TCorp is the investment and financial management partner of the New South Wales (NSW) public sector. It is a top 10 Australian investment manager, with AUD115bn (USD73bn) AuM. The total value of TCorp’s investment in Euroclear is EUR455m (USD477m).