Capital Group, the U.S. manager with USD2.7trn AuM, has appointed State Street as custodian, transfer agent and administrator for its first suite of active, transparent ETFs, recently listed on the New York Stock Exchange. The six ETFs include one fixed income core plus income strategy, three equity strategies that invest primarily in the U.S., and…
Category: Bank Providers
HSBC hires ANZ sales head from State Street
HSBC is expanding its Australian sales team with the appointment of Sinclair Scholfield as head of sales and client management for its securities services business in Australia and New Zealand. Scholfield spent the last 18 years at State Street, where he was most recently head of platform solutions for Asia Pacific. HSBC estimates that it…
Ultimus hires from BBH
Paul Wahmann has joined Ultimus Fund Solutions as an SVP in the middle office products team. Based in Colorado, he joins from BBH, where he spent over 16 years, most recently as an SVP in investment operations.
U.S. Bank implements ESG solution
U.S. Bank has deployed Sustainalytics, the provider of ESG research and ratings owned by Morningstar, to offer ESG data solutions to its global fund services clients. U.S. Bank has integrated Sustainalytics’ research and ratings to support portfolio analysis which enables regulatory compliance and investor and financial reporting capabilities to address regulatory and investor reporting demands.…
HSBC launches new PA admin platform
HSBC has launched a new technology platform to provide private asset administration services to asset owners and managers. The new platform, powered by SEI, offers private asset investors digital workflow and reporting solutions, allowing them to oversee (via a consolidated data stack) all aspects of their operating model – from fund accounting to investor reporting.…
BBH veteran joins BNY Mellon
BNY Mellon has appointed Vivian Tung as global head of ETF services. Based in the U.S., she will be responsible for managing all operational and client services aspects of the ETF business, including innovation, design, technical implementations, client onboarding, and client servicing. Tung joins from BBH, where she spent nearly 17 years, most recently in…
State Street updates timetable for BBH deal
State Street has confirmed that it expects to close the deal to acquire BBH’s investor services business by the end of the second quarter. State Street pointed to a protracted regulatory approval process as one reason for the delay.
BNY Mellon to deploy Chainalysis
Chainalysis, the UK-based blockchain data platform, has announced that BNY Mellon will be the first GSIFI to use Chainalysis’s compliance software as part of its risk management program. This integration will form a component of BNY Mellon’s strategy to develop cryptocurrency services for its clients. BNY Mellon plans to integrate the full Chainalysis compliance software…
Northern Trust supports 5CP’s USD144m fund launch
Northern Trust has been appointed by 5th Century Partners (5CP), a purpose-driven private investment firm based in Chicago, to provide fund administration and related services. The relationship includes banking, investor services and support for the launch of 5CP’s oversubscribed debut fund, which closed to investors earlier this year with USD144m in capital commitments. Northern Trust…
BNY Mellon promotes asset owner executive
BNY Mellon has appointed Xavier van den Brande as asset owner segment lead for Europe, based in London. This is an internal promotion.