Emirates NBD has invested in Zodia Custody, the UK-based digital asset custodian. Earlier this year, NAB Ventures also became an investor for the first time.
Richard
ZEDRA joins forces with Gryphon
ZEDRA, the Swiss-based administrator, has joined forces with Gryphon, a U.S.-headquartered fund administrator with >USD10bn AuA, providing accounting, administration, and tax preparation and advisory services to the private fund sector. By integrating Gryphon’s services into ZEDRA’s existing portfolio, this brings combined AuA to c. USD30bn.
Saphyre links to Aladdin
Saphyre, the fintech company helping to solve pre-trade and post-trade issues, has established a partnership with Aladdin, BlackRock’s technology platform. This collaboration aims to enhance efficiency, reduce operational risks, and simplify workflows for common clients by integrating Saphyre’s onboarding and data management solutions with the Aladdin platform.
Alter Domus opens in Manila
Alter Domus, the Luxembourg-based provider of fund administration, private debt, and corporate services for the alternative investment industry, has opened an office in Manila. The office occupies a full floor with >100 employees, and Alter Domus aims to nearly double its workforce in the city by 2025.
NTRS hires senior sales manager
Northern Trust has hired Faisal Butt as a senior sales manager for EMEA, based in London. He joined from MSCI.
Another win for State Street Alpha
Harris | Oakmark has gone live with State Street Alpha, State Street’s front-to-back asset servicing platform for institutional investment managers. Harris | Oakmark, a Chicago-based investment management firm with approximately USD104bn AuM, serves as the adviser to the Oakmark Funds, a mutual fund family. The first phase of the migration focused on transaction lifecycle management…
DigitalBridge deploys HUB NAV solution
DigitalBridge has selected HUB NAV Oversight, a SaaS solution designed to optimise and automate NAV processes. DigitalBridge, a global alternative asset manager dedicated to investing in digital infrastructure, is using HUB NAV Oversight to enhance and scale its NAV oversight process. UK-based HUB is backed by a consortium that includes State Street.
FAB selects Broadridge
First Abu Dhabi Bank has chosen Broadridge to support the build-out of its global agency securities finance business.
BNY hires in UAE
BNY has appointed Madiha Sattar as managing director and growth ventures partner, in a global role based in the United Arab Emirates. In this newly created role, Sattar joins the leadership team of BNY’s growth ventures business. Sattar joins BNY from Careem, the MENA region’s largest tech exit.
Ocorian and AssetMetrix launch platform
Ocorian, a C.I.-based provider of fund administration, fiduciary, and compliance services, has launched a reporting and analytics technology platform in a partnership with AssetMetrix. The platform equips general partners with tools for live web reporting, workflow management, and data transparency, powered by AssetMetrix, a provider of digital solutions for private markets.