Arcesium, a U.S.-based fintech in which J.P. Morgan has a stake, has appointed Mahesh Narayan as institutional asset manager segment head. Narayan will oversee Arcesium’s delivery of its capabilities that support institutional asset managers, including the firm’s cloud-native data platform, investment lifecycle solutions, and associated financial operations. He has joined from BlackRock, where he was…
Category: Bank Providers
DTCC launches 1042-S service
DTCC has launched a new service, the 1042-S Classification Announcement. The new offering will enable issuers to directly provide DTCC’s subsidiary, DTC, with IRS Form 1042-S tax withholding information on distributions prior to the payable date, lowering the amount of tax withheld on distributions for non-U.S. investors. DTCC collaborated with BlackRock and Citi’s securities services…
Gen II hires head of credit
Gen II Fund Services, LLC, a U.S.-based independent private capital fund administrator, has hired Michael Abatemarco as head of credit. He will lead the credit fund administration and credit middle office services business, which provides private credit fund clients with an end-to-end service model. Prior to joining Gen II, Abatemarco served as director, head of…
Northern Trust adds two seniors to NA bus dev team
Northern Trust has hired two senior managers from BNY Mellon to join its North American asset servicing business development team. Dean Marziarz will lead business development for Private Capital Fund Services, which provides middle- and back-office solutions for a range of alternative investment managers. He has more than 20 years of asset servicing experience at…
EDS appoints PB veteran to board
Equity Data Science, an investment process management software provider that delivers insights and productivity tools to hedge funds and asset managers, has announced that Ed Keller has joined the firm’s board of directors. Keller recently retired after 28 years at Morgan Stanley as a managing director and the global head of prime brokerage. Northern Trust…
BNY Mellon adopts Xceptor
BNY Mellon has entered into a multi-year licensing agreement to adopt the Xceptor tax platform. The Xceptor solution will provide digital process automation for tax documentation management and pre-population, identification of tax relief opportunities, and enhanced submission and tracking of withholding tax reclaims. The phased implementation of Xceptor’s end-to-end tax platform should help to reduce…
BP2S shuffles F&IC management team
BNP Paribas Securities Services has appointed Camille Papillard as head of financial intermediaries and corporates (FI&C) EMEA. She was previously head of clearing and settlement products and custody sell-side solutions, and replaces Stanislas Beneteau, who will now be responsible for continuing the build-out of the FI&C franchise in the Americas, including development of its footprint…
Zodia registered as VASP in Ireland
Zodia Custody (Ireland) Limited has been added to the Central Bank of Ireland’s Virtual Asset Service Provider Register, and is now authorised to provide commercial services to clients in Ireland. Zodia Custody, an institutional cryptoasset servicing company headquartered in London, established its Irish subsidiary in August 2021. Zodia Custody is a wholly owned subsidiary of…
Fox joins Northern Trust
Seamus Fox has joined Northern Trust as a sales director, based in Hong Kong. He was previously at TMF Group.
IQ-EQ hires Diana Senanayake for senior European role
IQ-EQ, the Luxembourg-based investor services provider, has appointed Diana Senanayake to the dual role of managing director of its Luxembourg headquarters and regional CEO for Continental Europe. In her new position, she will lead the day-to-day running and strategic direction of IQ-EQ’s head office in Luxembourg; as well as taking responsibility for all activities across…