Costas Tsilogiannis has joined BNY Mellon in a senior client relationship management role in EMEA. He was previously at SS&C Advent.
Category: Bank Providers
Citi wins lion’s share of BlackRock’s iShares rebalancing
Citi has emerged as the major winner in BlackRock’s rebalancing of its provider panel for the USD2.3trn iShares’ assets in U.S.-domiciled ETFs. The decision is the culmination of a nearly two year-long due diligence process with the selection of four of the leading custody banks to support the growth of U.S. iShares ETFs and strengthen…
BlueBox appoints Northern Trust for USD1bn Lux SICAV
Northern Trust has been appointed to provide fund administration, depositary, global custody and its Integrated Trading Solutions (ITS) to BlueBox Asset Management’s Luxembourg-domiciled BlueBox Global Technology Fund. Headquartered in Switzerland, BlueBox Asset Management was established in 2017. Its BlueBox Global Technology Fund (SICAV) has grown assets under management to more than USD1bn. The fund invests…
State Street deploys DLT for FX margin calculation
State Street, alongside Vanguard and Symbiont, have jointly completed the margin calculation process for a live trade of a 30-day foreign exchange forward contract through the use of Assembly, Symbiont’s distributed ledger technology. The firms have been actively exploring the application of blockchain technology to undertake margin processing for FX forwards and swaps, with the…
HSBC hires global head of investor services product
CP Yap, who was previously president and CEO of Computershare in Hong Kong, has joined HSBC as global head of investor services product, markets & securities services. He is based in Hong Kong, reporting to Sébastien Danloy, global head of investor services at HSBC, and Brian Godins, regional head of securities services, Asia & MENAT.…
Mark Snowdon joins StanChart
Mark Snowdon has joined Standard Chartered as head of insurance relationship management for Asia. Based in Hong Kong, he is responsible for managing and developing the bank’s financing and securities servicing insurance client franchise across Asia, incorporating custody, fund services, agency securities lending and prime services activities. He joins from Northern Trust.
Northern Trust deploys Broadridge’s SRD II solution
Broadridge Financial Solutions, the U.S.-based fintech, has delivered its full suite of Shareholder Rights Directive (SRD II) investor communication solutions to Northern Trust. These solutions are in use across Northern Trust’s global asset servicing business. Northern Trust is also using Broadridge’s SRD II-enhanced global proxy platform, which supports same-day meeting distributions, agenda translations, vote processing…
Omba mandates Northern Trust for new ICAV
Omba Investments ICAV has appointed Northern Trust to provide global custody, depositary and associated services for its new Ireland-domiciled UCITS umbrella fund. The planned USD100m fund will be launched with two new UCITS funds, the Omba Global Thematic Fund and Omba Global Equity Fund. Omba Advisory & Investments is a UK-based manager serving family offices,…
State Street hires performance expert from BNY Mellon
After a 19-year career at BNY Mellon, Marc Rubenfeld has joined State Street as MD, Alpha Platform Management – Investment Performance, based in the U.S. Most recently he was head of EMEA sales for data & analytics solutions at BNY Mellon.
Zodia and Northern Trust to support Invesco’s new Bitcoin ETP
Invesco, the U.S.-based asset manager with USD1.5trn AuM, has launched a Bitcoin ETP on Xetra that is aimed sophisticated investors looking to gain exposure to the cryptocurrency. The Invesco Physical Bitcoin ETP will be 100pct backed by holdings in the underlying digital assets, with the aim of delivering the price performance of Bitcoin, less a…