Northern Trust has been appointed by BPF Beton, a Dutch pension fund, to provide global custody, regulatory reporting, valuation and accounting, and performance analytics. BPF Beton is the industry pension fund for people working in the concrete products industry in the Netherlands with c. EUR1.2bn (c. USD1.2bn) in AuM.
Category: Bank Providers
NTRS hires for OCIO role
Northern Trust has appointed Kate McCabe to lead the OCIO strategy for its asset servicing business unit. In this newly established role, McCabe will be responsible for developing strategic relationships with outsourced chief investment officer firms and the associated investment consultant community. She will report to Melanie Pickett, head of asset servicing, Americas. McCabe was…
BBH wins SRI fund mandate
BBH has been selected by New Alternatives Fund to provide custody services. The U.S.-based manager is a socially responsible mutual fund focused on renewable energy and the environment.
HSBC wins Sukuk ETF mandate
HSBC has been appointed to provide trustee, global custody and fund administration services for Premia BOCHK Saudi Arabia Government Sukuk ETF in both Hong Kong and Saudi Arabia.
BNPP wins EUR5.4bn Dutch mandate
BNP Paribas has been appointed by Stichting Oak Pensioenfonds as its global custodian and administrator for its total invested assets of EUR5.4bn (USD6.1bn). The services include custody, investment administration, investment compliance, performance measurement and regulatory reporting.
U.S. Bank selects Fenergo
U.S. Bank Global Fund Services has engaged Fenergo, the provider of client lifecycle management technology, to digitise and streamline the investor onboarding and service experience. This is the first step in a multi-year transformation for the fund servicing business.
HSBC to provide MO services to Eastspring
Eastspring Investments, the Asia-based manager owned by the UK’s Prudential, has appointed HSBC to provide middle office outsourced services and support its growth ambitions across multiple Asian markets, including Singapore and Malaysia. HSBC’s MO services will be integrated into BlackRock’s Aladdin platform, which Eastspring has been using since 2019. HSBC’s securities services relationship with Eastspring…
New CEO for NT Canada
Jeff Alexander has joined Northern Trust as president and CEO of The Northern Trust Company, Canada, and principal officer of the affiliated The Northern Trust Company, Canada Branch, based in Toronto. Alexander reports to Melanie Pickett, head of asset servicing, Americas and, as a director, to the board of directors of The Northern Trust Company,…
New chairman at CACEIS
The board of directors of CACEIS has appointed Jean-François Balaÿ, CEO of Crédit Agricole CIB, as chairman of the board of CACEIS, whose CEO is Jean-Pierre Michalowski. Balaÿ takes over from Xavier Musca.
TMF appoints NA chief
TMF Group, a Netherlands-based provider of financial and corporate services, has appointed Ellen Stiene as market head for North America and the Caribbean. Her career spans executive roles at leading financial institutions, including Citi, J.P. Morgan and, most recently, Wells Fargo.