BNY Mellon and Goldman Sachs have successfully completed the industry’s first agency securities lending transactions using the HQLAᵡ distributed ledger technology (DLT) platform. As part of the combined series of 35-day term transactions, HQLAᵡ created ISIN-level securities trackers called digital collateral records (DCRs) from loaned securities it received from BNY Mellon, giving Goldman Sachs a…
Category: Bank Providers
BNY Mellon hires JPMC veteran as global head of consultant relations
Josh Lavender has joined BNY Mellon as global head of consultant relations for securities services & digital, based in the U.S. Lavender spent over 13 years at JPMorgan Chase, most recently as head of U.S. asset owner consultant relations for the securities services business.
BNY Mellon hires again from BBH
BNY Mellon has hired Nat Watson as a senior relationship manager within the banks, broker dealers and insurance segment, based in Boston. Watson previously spent 12 years at BBH.
AuC falls at J.P. Morgan
J.P. Morgan has reported an 11pct YoY drop in AuC, from USD32.1trn to USD28.6trn. Securities services revenue rose by 6pct compared to 2Q21.
Northern Trust upgrades liquidity management tool for FOS
Northern Trust has launched an enhanced liquidity management data tool on its Front Office Solutions platform. The web-based tool gives asset owners with significant allocations to private market assets better control over their liquidity through unified and customised reporting. The web-based liquidity management module offers users a comprehensive view of their portfolio’s liquidity based on…
Ultimus hires three senior RMs
Ultimus LeverPoint Private Fund Solutions, the private fund administrator owned by Ultimus, has added three SVPs to its relationship management team. Lori Shupak was previously a senior vice president at SS&C Technologies, Inc., formerly known as Citi Private Equity Services. Christina Haas was practice growth leader at FD Fund Administration, which was recently acquired by…
Teslin Capital Management appoints BP2S
BNP Paribas Securities Services has been mandated by Teslin Capital Management to provide investment and fund administration, depotbank and global custody services for its EUR1.2bn (USD1.2bn) of global assets. Teslin Capital Management is a long-term investor focused on small and midcaps in The Netherlands and other European capital markets. Koos van der Helm, manager finance,…
CACEIS hires new pensions supremo
CACEIS has appointed Wouter Peters as global head, center of excellence for pensions (CEP). He will join the ExCo of CACEIS Netherlands. Peters will be responsible for CACEIS’ pension proposition worldwide. He joins from Aegon Asset Management where he was COO for the last nine years.
BNP Paribas tokenises EDF bond
BNP Paribas has structured, tokenised and distributed a bond, the proceeds of which aim at refinancing a solar energy project sponsored by EDF through its subsidiary, EDF ENR. This native digital asset, issued on the public blockchain, represents the first renewable energy bond tokenisation in the project financing market. For this transaction, the BNP Paribas…
Coremont hires COO from State Street
Akbar Sheriff has joined Coremont, the UK-based fintech, as COO. Coremont, which was spun off from Brevan Howard in 2018, provides portfolio management technology and support across all investment management and trading functions. Its flagship software, Clarion, provides risk analytics and data across all asset classes, including rates, fixed income, credit, FX, equities, commodities and,…