Kieran Dowling has re-joined Northern Trust as head of strategic clients, private markets, for EMEA, based in Luxembourg. He reports to Olivier Noel, head of private markets, EMEA, and country head, Luxembourg. Dowling was briefly at Fundbank after a 20-year career at Northern Trust.
Category: Bank Providers
BNPP wins new mandate
BNP Paribas has been awarded a mandate from Bpifrance to provide a range of securities services for its Bpifrance Défense S.L.P. fund, labelled ELTIF II and accessible to retail investors. Bpifrance is the French public investment bank dedicated to financing and supporting business development. BNP Paribas has been selected by Bpifrance Investissement to support this…
State Street launches onchain liquidity fund
NAV Fund Services has been selected as fund administrator for the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP), a tokenised private liquidity fund launched in May by State Street Investment Management and Galaxy. SWEEP includes Anchorage as digital custodian for stablecoin investments, Galaxy providing tokenisation technology and digital infrastructure, Chainlink providing onchain NAV publication…
BNY expands digital asset coverage
BNY has expanded its digital asset custody platform for select institutions in the European Union under the MiCA framework. The expansion follows the addition of The Bank of New York Mellon SA/NV, BNY’s European banking entity, to ESMA’s MiCA register in July 2026.
CACEIS and Rothschild expand relationship
CACEIS and Edmond de Rothschild have expanded their relationship in Luxembourg. Under the new agreement, CACEIS will acquire the entirety of Edmond de Rothschild’s third-party asset servicing business in Luxembourg and asset servicing activities for Edmond de Rothschild’s private equity and infrastructure funds. Since 2013, CACEIS has been provided a range of accounting, custody and…
UBS transfers to Northern Trust
UBS has reached an agreement to extend its long-standing fund administration relationship with Northern Trust and transfer its fund administration businesses. Under the new agreements, subject to regulatory approvals, UBS’s Swiss and Luxembourg ManCo’s will extend their existing fund administration agreement with Northern Trust to include investment funds that are currently serviced by UBS, which…
BNPP implements Proxymity solution
BNP Paribas’ securities services business has implemented Proxymity’s Vote Connect Global solution as part of its general meetings services for global custody clients across EMEA and Asia Pacific, directly connecting issuers, intermediaries and investors through a near real-time digital ecosystem.
Zedra appoints Asia head of fund services
Zedra has appointed Koh Pi Hann as head of fund services in Asia. He has worked at BNY, HSBC, Apex, and most recently worked at a Singapore-licensed fund management firm. He is based in Singapore,
Pandiri joins DTCC
Samir Pandiri has joined DTCC as managing director and chief client officer, based in New York. He oversees DTCC’s global client management team, including client leads, relationship management & growth, partnerships and strategic alliances. Earlier in his career Pandiri was global CEO of asset servicing at BNY, and has also worked at Broadridge, Apex and,…
Wellington appoints State Street in HK
State Street has been appointed by Wellington Management as transfer agent on HKEX’s Integrated Fund Platform (IFP). State Street has executed Wellington’s first fund subscription and redemption orders routed through the IFP.