State Street has appointed Christophe Baurand as country head of France. Reporting to Denis Dollaku, executive management board member of State Street Bank International GmbH, Baurand began his new role in February 2022. He is responsible for leading the design and execution of State Street’s growth and client relationship strategy in France, strengthening the company’s…
Category: Bank Providers
SG hires former HSBC executive
Société Générale has hired Jane Karczewski as UK head of asset manager and hedge fund sales within its global markets business. Most recently, she was head of global custody at HSBC.
BNY Mellon RE specialist joins Sudrania
George Acosta has joined Sudrania Fund Services as SVP, real estate fund administration, based in New York. He was previously at BNY Mellon.
Commerz Real hires new Luxembourg head
Commerz Real, a subsidiary of Commerzbank specialising in real estate, has appointed Dirk Holz to head its Luxembourg business. He succeeds Jan-Peter Müller. Holz joins from RBC, where he was head of product management for private capital services.
ZEDRA acquires in Jersey
ZEDRA, the Switzerland-based provider of corporate services, wealth and fund solutions, plans to acquire BNP Paribas Jersey Trust Corporation Limited. The transaction is subject to regulatory approval. The trust company offers trustee and fiduciary services to its clients. The firm also has over a decade of experience providing trustee services to private equity and real…
State Street links to Pirum
State Street has integrated its Collateral+ platform with Pirum’s CollateralConnect service to support mutual clients with collateral management and optimisation. This collaboration builds on a series of investments in the Collateral+ suite, which was recently expanded to include a tri-party service, which enables buy-side firms to optimise collateral usage and efficiency when posting margin to…
CBI fines BNY Mellon EUR10.78m
The Central Bank of Ireland has reprimanded and fined BNY Mellon Fund Services (Ireland) DAC EUR10.78m (USD11.8m) for 16 regulatory breaches relating to the outsourcing of fund administration. In a statement, CBI said: “The 16 breaches arose because of BNY DAC’s failure: to have in place an adequate outsourcing governance framework; to comply with its…
Charles River expands wealth management offering
Charles River Development, a State Street company, has established a strategic partnership with Advisor360°, a wealth management software company. The ability for mutual clients to leverage the capabilities of both firms aims to create an innovative and differentiated wealth management solution for the industry. John Plansky, head of State Street Alpha, said: “This partnership signals…
Alter Domus hires senior State Street manager
Alter Domus, the Luxembourg-based provider of integrated solutions for the alternative investment industry, has hired Vincent Georgel O’Reilly as head of financial institutions strategic partnerships. Based in Luxembourg, hewill report to Alter Domus’ CEO, Doug Hart, and will become a member of Alter Domus’ group executive board. In his new role, O’Reilly will lead the…
Saphyre completes fundraising round
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.