Northern Trust has expanded its capabilities to support structured, rules-based workflows across the entire account lifecycle for investment operations outsourcing (IOO) clients. The enhanced offering builds on Northern Trust’s collaboration with Saphyre, a fintech company that facilitates account transitions to help clients more efficiently manage their complex middle-office operational events. The solution allows Northern Trust’s…
Category: Bank Providers
CIBCM signs with Appian
CIBC Mellon has established a universal enterprise master licence with Appian, a fintech that provides process automation technology, to support AI-powered process automation and product development.
Weitz expands with BBH
BBH has been appointed by Weitz Investment Management, a U.S.-based manager, as custodian for its mutual fund line-up. This expands an existing relationship which started with ETF servicing.
Alchelyst adds senior managers
Alchelyst, the Ireland-based investor solutions and infrastructure partner for private markets asset managers, has appointed three managers to its leadership team: Jeff Dorigan, MD, head of U.S. sales, spent eight years at Brown Brothers Harriman. Karl McDonald, MD, transformation, was previously global head of hedge fund operations at BNY. Sinéad O’Sullivan, MD, investor solutions, was…
SG-FORGE appoints chief business officer
Gildas Le Treut has been appointed chief business officer for SG-FORGE, the digital assets service provider that is wholly owned by Société Générale. Le Treut has spent eight years at SGSS, most recently as a member of the ExCo and co-head of coverage, marketing & solutions, based in Paris.
NTRS integrates with Canton Network
Northern Trust has entered into an agreement with Digital Asset Holdings to support the development of custody capabilities for tokenised financial assets. As part of this agreement, Northern Trust will integrate with Canton Network’s infrastructure to develop and deploy applications that bridge digital and traditional markets, supporting institutional grade custody and asset servicing workflows for…
BNPP & Janus Henderson sign long-term deal
Janus Henderson has awarded a “long-term strategic mandate” to BNP Paribas to provide a range of fund and market & financing services across the UK, France, Luxembourg, and Australia. BNP Paribas will expand its partnership with Janus Henderson by leveraging the bank’s diversified capabilities, including those of its Global Markets business. Janus Henderson, the asset…
BNPP extends Auto FX service
BNP Paribas’ securities services business has extended its multi-custodian third-party Automated FX service to continental Europe. La Financière de l’Échiquier, a European asset manager with EUR28bn (USD33bn) AuM, is the first client in France to benefit from the bank’s third-party FX solution, covering all 40 of its French funds.
BBH appointed for KGI OFC
BBH has been selected by KGI Asset Management Limited to support the launch of its new open-ended fund company (OFC) platform. As part of the mandate, BBH is providing services including depositary, fund services, and transfer agency for the Hong Kong domiciled structure.
MSIM launches BTC ETP
Morgan Stanley Investment Management has launched the Morgan Stanley Bitcoin Trust, an ETP. Coinbase and BNY have been appointed to provide digital asset custody services for MSBT. BNY also serves as the administrator and transfer agent and will provide accounting, recordkeeping and cash management services.