Northern Trust has been appointed to provide asset servicing solutions to CK Capital Partners, a Netherlands-based fund manager that is an affiliate of Cohen & Company, a U.S. financial services firm. CK is a private markets commercial real estate investment manager. Services provided by Northern Trust will include fund administration, global custody, financial reporting and…
Category: Bank Providers
Citi wins USD4trn iShares MO mandate
BlackRock has appointed Citi to provide middle office functions for USD4trn in U.S.-domiciled iShares ETFs on the Aladdin platform. The integrated operating model streamlines the lifecycle of an ETF order, offering enhanced transparency into basket composition, order status, and settlement. In 2021 Citi won a USD920bn ETF servicing mandate from BlackRock as the manager rebalanced…
DTCC hires from BNY
Adam Watson has joined DTCC as managing director and head of asset services. He will lead the strategic direction, performance, and modernisation of DTCC’s global asset services business, overseeing operational delivery, product innovation, regulatory engagement, and client experience. He will report to Brian Steele, MD & president, clearing & securities services at DTCC. He joins…
Northern Trust adds Berenberg to currency hedging service
Northern Trust has added Berenberg to its framework of dynamic currency hedging solutions, enabling Northern Trust’s clients to incorporate third-party currency management strategies, such as Berenberg’s AI based models, into their range of risk management choices. Berenberg is one of Europe’s oldest banks and is among the leaders in applying AI to financial markets. Its…
Northern Trust expands CLO MO service
Northern Trust has expanded its collateralised loan obligation (CLO) middle office services for institutional clients. The addition of compliance indenture monitoring and waterfall calculation capabilities to its Omnium platform builds on Northern Trust’s existing outsourced middle office functions for structured debt, which include loan closing, treasury and real-time data shares. The new capabilities provide a…
BNPP pilots tokenised MM fund
BNP Paribas Asset Management has issued a tokenised share class of an existing French-domiciled money market fund, recorded on public blockchain infrastructure. The initiative relies on a permissioned access model on Ethereum, restricting holding and transfers to authorised participants within a regulated framework. BNP Paribas’ securities services business acted as transfer agent and fund dealing services…
AB selects SimCorp
AllianceBernstein Holding L.P. and AllianceBernstein L.P. have selected SimCorp as their core investment technology partner. In 2024, AB expanded its relationship with BBH by adding to its data management services for fund operations.
Donohue to head Americas asset servicing for Northern Trust
Northern Trust has appointed Jessica Donohue has been appointed as head of asset servicing, Americas. In her new role, Donohue will report to Clive Bellows, co-president of Northern Trust’s asset servicing business. Donohue joined Northern Trust in September 2025 as global head of product management for asset servicing. Before joining Northern Trust, she held senior…
Euroclear launches DVP repo service
Euroclear has launched a U.S. Treasury DVP repo service. The new solution is designed for U.S. Treasury repo market participants operating in the U.S. settling USD transactions. The first trade was completed between Euroclear Bank and Toronto Dominion Bank London. The service offers cash lenders similar operational efficiency for DVP repo transactions as triparty repo…
U.S. Bank supports F/m in innovative launch
F/m Investments, a USD18bn fixed income investment firm, has made its flagship TBIL U.S. Treasury 3-Month Bill strategy available in both ETF and mutual fund share classes within a single fund. The launch marks the first time an ETF issuer has brought a dual share class structure into live operation under an SEC exemptive order.…