Apex Group has appointed Itumeleng Avril Moremong as head of Botswana. She was previously self-employed.
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NDF appoints Northern Trust
The National Development Fund (NDF) has appointed Northern Trust in Saudi Arabia as custodian. Northern Trust will support consolidation of the assets and books and records of all development funds and banks in the Kingdom of Saudi Arabia under a unified portfolio estimated at more than SAR60bn (USD16bn). The NDF was established to improve the…
Vistra hires CFO
Vistra, the Singapore-based administrator, has appointed Andrew Cherry as group chief financial officer. Initially based in Luxembourg before moving to Singapore, he will succeed Hilton Hess, CFO since 2020, who is retiring. Cherry joins from Alter Domus, where he was CFO for five years.
Oak hires from Alter Domus
Oak Group, a C.I.-based provider of private client, funds and corporate services, has hired Stephen Prosser as associate director, funds & corporate, based in Jersey. He was previously at Alter Domus.
State Street signs with Taurus
State Street has signed an agreement with Taurus SA, the Switzerland-based provider of digital asset infrastructure, to deliver digital assets capabilities for State Street’s clients. Subject to receipt of applicable regulatory approvals, State Street will leverage Taurus’ custody, tokenisation and node management solutions to automate the issuance and servicing of digital assets, including digital securities…
Komainu to service BUIDL
Komainu, the C.I.-based digital asset services provider, is to provide custody for BlackRock’s BUIDL Token. The BUIDL Token – BlackRock USD Institutional Digital Liquidity Fund – is a tokenised fund created by BlackRock. Operating on the Ethereum blockchain, BUIDL offers institutional investors exposure to U.S. dollar yields through tokenisation. By tokenising a U.S. dollar fund,…
Clearwater hires CMO
Clearwater Analytics, the U.S.-based provider of SaaS-based investment management, accounting, reporting, and analytics solutions, has appointed Fleur Sohtz as chief marketing officer. She was most recently CMO at Xceptor.
Nedgroup Investments selects Northern Trust
Northern Trust has been selected to provide outsourced trading via its Integrated Trading Solutions (ITS) for Nedgroup Investments, a global asset management firm with >USD20bn AuM. Nedgroup Investments is a division of Nedbank Group Ltd. Northern Trust will support Nedgroup Investments’ new in-house multi-boutique platform which specialises in fixed income. The premier fund on the…
Simply the Best
Fifty years after the global custody business was sparked alive by both BBH and Chase, it seems appropriate to look back and identify some of the leaders who helped to transform the industry from a pure-play, back-office operational backwater to being the trusted provider of value-added services to asset owners and managers around the world.…
JTC acquires Buck businesses
JTC, the C.I.-based professional services provider, plans to acquire the Buck UK and European share plan administration and trustee businesses (Buck Share Plans) from Arthur J. Gallagher & Co, a global insurance brokerage, risk management and consulting services firm. Completion is subject to regulatory approvals. The acquisition will add 16 employees based in the UK,…