Local media reports in Australia suggest that the AUD230bn (USD148bn) Australian Retirement Trust has consolidated custody and administration with State Street. ART was formed following the merger of QSuper and Sunsuper. QSuper, the larger of the two funds, had previously used Northern Trust, whilst State Street serviced Sunsuper.
Category: Bank Providers
CRD hires BNY Mellon veteran
Jeremy Shaw has joined Charles River Development, a State Street company, as a relationship manager in the UK. He previously spent more than 13 years at BNY Mellon.
Coremont hires CTO
Coremont, a UK-based provider of front-to-back portfolio management support for hedge funds and institutional asset managers, has appointed Balaji Krishnamurthy as chief technology officer, based in the U.S. He joins from JPMorgan Chase, where he oversaw middle office and post-trade technology, based in New York. This follows the recent appointments of Akbar Sheriff as global…
U.S. Bank adds to senior management team in Lux
U.S. Bank has appointed Bardad Sambou as managing director – operations and client service, in Luxembourg. This follows the recent promotion of Didier Delvaux, head of Luxembourg, to head U.S. Bank’s global fund services business in Europe. Sambou previously spent more than 16 years at State Street.
Citi to service Sanlam Private Wealth
Citi has been appointed by Sanlam Private Wealth, a South Africa-based wealth manager, for a range of services, including execution, cash and custody for Sanlam Private Wealth’s non-domestic client securities. The appointment forms part of a transformation of Sanlam Private Wealth’s business model, which includes a new investment platform and the outsourcing of trading and…
Cooper Wood appoints brand ambassador
Cooper Wood & Associates, the UK-based asset management and asset servicing consultancy, has appointed Terry Alleyne as a brand ambassador, which will involve him engaging with existing clients, and developing and promoting the Cooper Wood brand to a broader audience. Alleyne spent 23 years with Citi, and was most recently a relationship manager in HSBC’s…
Citi launches Proxymity in A&NZ
Citi has launched Vote Connect Total, a digital proxy voting service provided by Proxymity, in Australia and New Zealand. As part of this arrangement, Proxymity will manage the full life cycle of proxy voting services for Citi clients in the ANZ markets. Proxymity Vote Connect Total is the digital proxy service powered by Proxymity’s investor…
State Street hires for senior Asian TA role
State Street has hired Aaron Ng as head of transfer agency client services & operations for Hong Kong & Japan, He is based in Hong Kong. He spent more than nine years with HSBC in Hong Kong, most recently as senior product manager, global distribution support & transfer agency services, before leaving in 2020.
SS&C hires State Street veteran
John Mason has joined SS&C in the UK as a sales director for the asset & wealth management sector. Mason previously spent nearly 25 years with State Street, most recently as a business development manager in Singapore.
RBC hires two senior managers for Canada
RBC has hired Kevin Lui as head of custody product. He left Citi earlier this year after nearly 29 years. Additionally, Marijana Jovanovic has recently joined as head of product transformation, Canada. She joins from Manulife, where she was most recently responsible for leading transformation of the corporate treasury function. Prior to this, she was…