BNP Paribas has appointed Philippe Kerdoncuff as head of the asset managers & asset owners client line for Australia & New Zealand. He was most recently head of China for the securities services business. This follows the recent appointment of Daniel Cheever as head of securities services for Australia & New Zealand.
Category: Bank Providers
Zodia appoints new CEO
Zodia Custody, the UK-based crypto custody service from Standard Chartered in association with Northern Trust, has appointed Julian Sawyer as its new chief executive. Sawyer takes over from Maxime de Guillebon, who was seconded from Standard Chartered’s innovation unit, SC Ventures, in 2020. Sawyer was most recently CEO of Bitstamp, a crypto exchange.
Northern Trust adds to fund services team
Northern Trust has confirmed the appointment of Steven Reydel as head of North America fund accounting and Michael McMaster as head of North America fund administration. Reydel was most recently head of BBH’s global fund accounting operations team and the fund accounting product executive. McMaster was chief tax officer – head of global fund services…
CIBC Mellon partners with InvestorCOM
CIBC Mellon is collaborating with InvestorCOM Inc., a fintech focusing on the compliance disclosure needs of the financial services industry. Through this partnership, CIBC Mellon’s clients can now tap into InvestorCOM’s Publisher solution to ensure print-ready status of financial statements, create management reports for fund performance, and provide quarterly performance disclosure documents.
HSBC streamlines securities services governance
Following the recent changes in senior management, which saw Richard Godfrey depart and Sébastien Danloy installed as interim global head of securities services, HSBC’s securities services business is moving away from its sector structure and streamlining its governance framework. At the management level, the changes cover: Product: Suvir Loomba, previously head of direct custody &…
Portney gets major role at BNY Mellon
BNY Mellon has appointed Emily Portney as CEO of Asset Servicing, its largest business unit, effective Feb. 1, 2023. She will report to Roman Regelman, CEO of Securities Services and Digital, and continue as a member of the ExCo. Portney will also lead the company’s client commercialisation efforts, responsible for driving improved commercial margin outcomes…
Genus extends relationship with RBC
Genus Capital Management has implemented the middle office end-to-end post-trade execution service from RBC Investor Services. Genus, a longstanding RBC client, is a Vancouver-based independent investment management firm. The trade management service delivers 24/6 coverage for all markets, providing near real-time transparency on the complete post-execution trade lifecycle, broker performance, and settlement risk. Stephen Au,…
Viridium hires CTO from Citi
Jörg Günther has joined Viridium, a specialist in the management of life insurance portfolios, as chief technology officer. He was previously with Citi, where he was global head of securities services technology, joining in 2019 from Northern Trust, where he was CTO for EMEA and chief information officer for its Corporate & Institutional Services business
U.S. Bank promotes Breda Sullivan
U.S. Bank has given Breda Sullivan an expanded role as head of depositary, custody and banking for its European investment services business. Sullivan has been with U.S. Bank since 2017, and was previously head of depositary services in Europe. Her promotion follows the recent appointment of Didier Delvaux as head of global fund services for…
State Street and BBH call off deal
State Street and Brown Brothers Harriman have agreed to terminate State Street’s proposed acquisition of BBH’s investor services business. In a statement, State Street said: “After consideration of both regulatory feedback and potential transaction modifications to address that feedback, State Street has determined that the regulatory path forward would involve further delays, and all necessary…