Northern Trust has expanded its relationship with Tata Consultancy Services (TCS) to enhance its global securities settlements platform, which covers 99 markets. Northern Trust has deployed TCS BaNCS for corporate actions and income processing since 2017. This latest collaboration gives Northern Trust access to the TCS BaNCS global securities platform, which offers multi-entity, multi-market and…
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Finbourne hires head of U.S. sales
Finbourne Technology, a provider of interconnected data and technology solutions for the investment industry, has appointed Marc Flamini as head of sales for the Americas. Prior to joining Finbourne, Flamini spent 23 years in senior leadership positions at SS&C Advent.
Euroclear completes Inversis deal
Euroclear has completed the acquisition of 49pct of Inversis from Banca March after securing all necessary approvals. As planned, Euroclear will now proceed with the gradual acquisition of the remaining 51pct until full ownership.
BBH and MUFG sign sec lending deal
Brown Brothers Harriman has entered into an arrangement with MUFG Investor Services, a division of Mitsubishi UFJ Trust and Banking Corporation (MUTB), under Mitsubishi UFJ Financial Group, Inc, for the provision of enhanced securities lending services to BBH’s asset manager and financial institutions clients globally. BBH clients will benefit from an enhanced securities lending product…
Ultimus supports active ETF launch for Ocean Park
Ultimus has supported the launch of four new active ETFs for its longstanding client, Ocean Park Asset Management. The ETFs are in addition to eight mutual funds that Ultimus has supported since 2007.
Citco hires senior for Japan
Citco has appointed Ken Shimamura as head of client servicing in Japan. This coincides with the launch of Citco Japan Co KK, the firm’s new entity in Japan. Prior to joining Citco, Shimamura was head of fund finance at Savills Investment Management Asia Limited.
Pirum hires from Rimes
Pirum, the fintech for securities finance automation and collateral management, has hired Rhys Chapman as global customer success director, overseeing customer success, client services, and client onboarding. Based in London, Chapman joins from Rimes.
Brickwood appoints NTRS
Northern Trust has been appointed by Brickwood Asset Management, a UK asset management firm launched in 2024, to provide asset servicing solutions across front, middle and back-office functions. Solutions to be provided include Northern Trust’s investment data science partnership with Equity Data Science, as well as outsourced trading via Integrated Trading Solutions and a range…
State Street to acquire Mizuho businesses
State Street has agreed with Mizuho Financial Group, Inc. to acquire Mizuho’s global custody and related businesses outside Japan. These businesses support the overseas investments of Mizuho’s Japanese clients. Mizuho currently operates its global custody and related business outside Japan through its local subsidiaries Mizuho Trust & Banking (Luxembourg) S.A., owned by Mizuho Trust &…
Maples advises on new fund
Maples and Calder, the Maples Group’s law firm, has advised on the launch of the Daiwa Blackstone Infrastructure Fund. The fund, which was recently launched, is structured as a Cayman Islands unit trust and is authorised for public offering in Japan. The fund is managed by IQ-EQ Fund Management (Ireland) Limited, IQ-EQ’s Irish fund management…