State Street and QNB Group plan to form a strategic alliance to introduce a new custody servicing model in Qatar. Under this co-operation agreement, State Street and QNB Group have agreed to collaborate, with service agreements to be finalized and executed at a later date. QNB has USD65bn AuC.
Category: Bank Providers
State Street launches digital assets platform
State Street has belatedly launched a digital assets platform, which includes wallet management, custody and cash capabilities, designed to support tokenised product development across jurisdictions covering both private and public permissioned blockchain networks. State Street’s digital asset strategy has stuttered ever since Nadine Chakar, global head of digital assets, left in 2022 after barely a…
McNinch makes partner at BBH
BBH has appointed Shawn McNinch as a general partner. Based in Boston, he is global head of investor services business development and head of ETF product servicing. He joined BBH in 2009.
Coleman moves to LSEG from State Street
LSEG, the UK-based financial markets infrastructure and data provider, has appointed Chris Coleman as group head of sales and account management. Based in Boston, he reports to David Schwimmer, CEO. He joined from State Street, where he was most recently head of global client coverage.
AMF expands with Northern Trust
Northern Trust has retained and expanded its mandate with AMF Tjänstepension AB (AMF), a Swedish pension provider. Under the renewed agreement, Northern Trust, which has serviced AMF for more than 20 years, will continue to serve as custodian for AMF’s global pension assets and add investment operations for trade services across AMF’s total portfolio, for…
BNPP supports Infranity fund launch
BNP Paribas has been appointed by Infranity, part of Generali Investments, to support the launch of its Horizon Infrastructure Strategies, an open-ended evergreen ELTIF in France. Infranity specialises in infrastructure investments.
SGSS implements ALTO
SGSS has partnered with Amundi Technology to strengthen its depositary and fund administration services. Amundi Technology’s ALTO platform has been implemented to provide post-trade investment compliance monitoring across SGSS operations in France, Ireland, Italy and Luxembourg.
Struan Malcolm joins BNPP
Struan Malcolm has joined BNP Paribas’ securities services business as head of Nordic sales & client coverage for institutional investors. Malcolm, who is based in Stockholm, spent nearly 12 years at Northern Trust before joining Fundrella in 2023.
Arcesium opens in Hong Kong
Arcesium, the U.S.-based administrator in which J.P. Morgan has a stake, has opened an office in Hong Kong. The office will support its existing client base of institutional asset managers, hedge funds, banks, and private markets firms operating across the broader Asia-Pacific region, while also providing technology and services for new launches and regional expansion.
State Street hires head of strategic transformation
State Street has hired Mark Wightman as head of strategic transformation, based in the UK. He was most recently at EY.