Alan Flanagan has joined U.S. Bank as head of global investment services, the division comprised of global fund services and global corporate trust. Flanagan will be a member of the senior leadership team for U.S. Bank’s wealth, corporate, commercial and institutional banking business line and will be based in New York. Flanagan spent nearly two…
Category: Bank Providers
SGSS sells retail custody business
Société Générale and Crédit Mutuel Arkéa have signed a Memorandum of Understanding for the divestment of Société Générale securities services’ custody account-keeping delegation activity dedicated to the French retail banking segment. This activity covers the management of securities transactions, interest and dividend payments, and the holding of positions in ordinary securities accounts (CTOs) and equity…
Northern Trust appoints EMEA banking head
Northern Trust has appointed Faisal Ansari as head of banking for EMEA. He takes on this responsibility in addition to his current role as head of liquidity solutions. He continues to report to Guy Gibson, co-head of asset servicing.
AGI appoints BNY for optimisation
BNY has been selected to support an operating model optimisation at Allianz Global Investors. BNY will provide an integrated investment operating model, with a focus on middle and back-office solutions, as well as custody, depositary, transfer agency and fund administration across Germany, Luxembourg and the UK.
Northern Trust builds U.S. ETF capabilities
Northern Trust has entered into an agreement with Intercontinental Exchange to deploy ICE ETF Hub as the order‑taking platform for its new U.S. ETF servicing capability for institutional investors. The integration marks a key milestone in Northern Trust’s strategic entry into the U.S. institutional investor ETF servicing market. Northern Trust is currently putting in place…
Northern Trust wins Dutch mandate
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…
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…
Aztec hires CTO
Aztec Group, the C.I.-based provider of private markets services, has appointed Jason Adams as chief technology officer. He was previously CTO at Charles River Development, a State Street company.
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…