Parth Gargava has joined BBH as head of digital asset strategy for its investor services business, based in Boston. He joins from Fidelity Investments, as well as teaching engineering of advanced crypto systems at Northeastern University.
Category: BBH
BBH hires head of product transformation
Abram Sirignano has joined BBH as head of product transformation for its investor services business, He joins from Prophet, a consultancy. Based in New York, he will report to Chris Remondi, partner and head of product for the investor services business.
Arendt hires from BBH
Roxane Fricou has joined Arendt Investor Services as regional chief commercial officer, based in London. She joins from BBH. AIS is in the process of being taken over by Blackfin, a private equity firm.
BBH launches ML-driven NAV solution
BBH has launched NAVqc, a solution to help asset managers, management companies, and service providers to more effectively fulfill their NAV oversight obligations across third-party administrators, while reducing cost and risk. Using machine learning, NAVqc analyses individual fund behaviour based on the fund’s historical data in real market conditions. It predicts NAV movements, flags suspect…
AB expands with BBH
BBH is supporting the expansion of AllianceBernstein’s global ETF platform with the launch of its active UCITS ETF business in Europe. The new ETFs are domiciled in Luxembourg and form part of the existing umbrella structure that BBH already services for AB’s Luxembourg fund range.
BBH expands account opening API
BBH has expanded its account opening API connectivity to custodians, with SEB being the first to implement the solution. This builds on last year’s API integrations with major European fund distribution platforms, Allfunds, Clearstream and Euroclear. BBH’s account opening API supports straight-through exchange of account opening requests and confirmations between distributors, banks, platforms and custodians,…
BBH to support SEC Names Rule
BBH has launched a solution to help asset managers ensure they are compliant with the SEC Names Rule (Rule 35d-1). The rule requires registered investment funds to ensure their names accurately reflect their investments and risks. If a fund’s name suggests a focus on a particular asset type, industry, or strategy, at least 80pct of…
Weitz expands with BBH
BBH has been appointed by Weitz Investment Management, a U.S.-based manager, as custodian for its mutual fund line-up. This expands an existing relationship which started with ETF servicing.
Alchelyst adds senior managers
Alchelyst, the Ireland-based investor solutions and infrastructure partner for private markets asset managers, has appointed three managers to its leadership team: Jeff Dorigan, MD, head of U.S. sales, spent eight years at Brown Brothers Harriman. Karl McDonald, MD, transformation, was previously global head of hedge fund operations at BNY. Sinéad O’Sullivan, MD, investor solutions, was…
BBH appointed for KGI OFC
BBH has been selected by KGI Asset Management Limited to support the launch of its new open-ended fund company (OFC) platform. As part of the mandate, BBH is providing services including depositary, fund services, and transfer agency for the Hong Kong domiciled structure.