SimCorp, the Deutsche Börse-owned financial technology company, has appointed Ulrik Modigh as head of SimCorp Business Services. Modigh will oversee SimCorp’s full range of business services, including data management, investment accounting, and investment operations. Modigh recently served as COO, head of operations and technology at Nordea Asset Management. Based at SimCorp’s global headquarters in Copenhagen,…
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State Street hires digital chief
State Street has appointed Vanessa Fernandes as head of digital asset solutions. Fernandes, who will be based in New Jersey, will report to Donna Milrod, chief product officer. Prior to joining State Street, Fernandes was global head of digital experience at BNY Mellon.
Senior hires at BNY
Two senior hires at BNY Mellon: Paul Fleming joins as head of alternatives, based in Boston. Fleming was previously global head of alternatives at State Street before leaving in 2023. Earlier this year BNY hired Elliott Brown for the role, but he has subsequently left the firm. Bryan Ireton joins as head of client service,…
CACEIS implements Nephelai
CACEIS has integrated a machine learning solution from Nephelai, a French fintech, that facilitates middle-office trade management. Machine learning streamlines client transaction processing, from capture, verification, enrichment and confirmation to settlement monitoring and penalty management. Prior to sending orders to the market, the solution scans every transaction, detecting anomalies, filling in missing information or correcting…
AB appoints Evelyn as ACD
AllianceBernstein has appointed Evelyn Partners Fund Solutions as ACD for its UK OEIC range. The six funds were launched in 2019 and now hold assets in excess of USD1bn. EPFL currently supports over 150 funds with funds under governance of c. GBP10bn (USD13bn).
Universal shuffles client-facing management
Universal Investment Group has reshuffled its client-facing management team. Katja Mueller, currently chief customer officer, will take on a new role as senior advisor and multi-supervisory board member of Universal Investment Group. Jochen Meyers will become group head of relationship management and will be responsible for all client service teams in Germany, Luxembourg and Ireland.…
Coller expands with State Street
State Street has been appointed by Coller Capital to provide fund administration and accounting, custody, depositary services, currency management and transfer agency. Coller Capital is the largest independent investor dedicated exclusively to investing in the private capital secondaries market, with USD33bn AuM. The full-service appointment follows State Street’s initial work with Coller Capital on the…
alchelyst hires U.S. leader
alchelyst, the Ireland-based administrator, has appointed Shawn McMenimen to lead its business in the U.S. Based in Boston, he has previously worked at Alter Domus and Gen II after spending 19 years at State Street.
U.S. Bank adds to ETF management team
U.S. Bank has hired Lisa Korbas as head of ETF relationship management within its global fund services division. In this newly created role, Korbas will be responsible for developing, maintaining, and executing relationship strategy. She reports to Josh Jacobs, who was named chief commercial officer for ETFs earlier this year. Korbas brings 15 years of…
Maples to support new DIFC fund
Maples has been appointed to provide fund administration services to the newly launched Amplify Growth Fund. The fund is domiciled in the Dubai International Financial Centre and is targeting USD100m in capital commitments from institutional investors.