Saphyre, Inc., a U.S.-based fintech that leverages patented AI technology to structure all pre-trade data while eliminating post-trade inefficiencies, has completed its Series A round of USD18.7m, led by HCAP Partners, with J.P. Morgan and BNP Paribas participating in the round.
Category: BNPP
BP2S to deploy Next Gate tech
BNP Paribas Securities Services and Next Gate Tech have reached an agreement through which BP2S will deploy Next Gate Tech’s data management and NAV oversight technology to support its depositary bank operations, initially in Luxembourg. Next Gate is a Luxembourg-based fintech which recently hired Eduardo Gramuglia, formerly head of State Street in Luxembourg, as its…
Itau Unibanco appoints BP2S in Colombia
Itau Unibanco S.A., Latin America’s largest bank, has appointed BNP Paribas Securities Services to provide local custody and settlement services for its assets in the Colombian market.
BP2S wins India mandate for AIMCo
BNP Paribas Securities Services has been appointed by Canada’s Alberta Investment Management Corporation to provide custody, clearing and settlement services for its recent investment into India. AIMCo is among a number of international investors to commit to India’s first renewable energy infrastructure investment trust, Virescent Renewable Energy Trust. AIMCo is one of Canada’s largest institutional…
AssetMetrix hires in UK
AssetMetrix, the Germany-based fintech, has appointed Clifford Norton as head of business development for the UK & Ireland. Norton was previously at Allvue Systems.
AssetMetrix hires in Lux
AssetMetrix, the Germany-based alternatives specialist in which BNP Paribas has a strategic stake, has hired Margot Ripoll as a business development associate in Luxembourg. She previously worked as a credit analyst at investment bank Bpifrance.
Emma Crabtree joins IQ-EQ
IQ-EQ, the Luxembourg-based investor services provider, has scored a major coup with the hiring of Emma Crabtree as group chief commercial officer. Crabtree joins from BNP Paribas Securities Services, where she was global head of sales for the asset manager and alternatives segments. Before joining BP2S in 2016, Crabtree spent nearly 20 years at RBC.…
J.P. Morgan appoints Clearstream in Australia
Clearstream Australia Ltd has been appointed by J.P. Morgan as its sub-custodian for unlisted managed funds and hedge funds in Australia and New Zealand. After J.P. Morgan withdrew from the sub-custody business in Australia and New Zealand in 2020, Clearstream appointed BNP Paribas as its local provider. Clearstream entered the Australian market in 2019 after…
BP2S supports First Plus for VCC funds
BNP Paribas Securities Services has been selected by First Plus Asset Management to provide fund administration services for funds using Singapore’s variable capital company (VCC) structure. As part of the mandate, BP2S will provide First Plus with global custody, hedge fund administration and investor services for its Asia Opportunity Fund and Asia Special Situation Fund…
Fred Perard joins SuisseTechPartners
Frédéric (Fred) Perard has joined SuisseTechPartners as head of Europe. STP is a fintech company providing front-, middle- and back-office solutions with a portfolio management system called PMplus. Perard left BNP Paribas Securities Services in 2020, where he was most recently head of Luxembourg and the international financial centres. He will remain in Luxembourg.