BNP Paribas has signed a referral agreement with Credit Suisse to support its prime services and derivatives clearing clients in their selection of alternative providers after Credit Suisse announced its exit from the prime services business. This follows BNPP’s 2019 agreement to acquire Deutsche Bank’s electronic equities and prime brokerage business.
Category: Bank Providers
Clayton Da Silva joins FAB in senior client management role
Clayton Da Silva has joined First Abu Dhabi Bank as head of securities services client management, based in Abu Dhabi. He was previously at Northern Trust, and has also worked for J.P. Morgan and BBH.
Cesar Estrada joins Arcesium
Cesar Estrada has joined Arcesium, a U.S.-based fintech and administrator that is partly backed by J.P. Morgan, as its private markets segment head. He was previously at State Street.
CRD names new head of EMEA
Charles River Development, a State Street company, has appointed Caroline O’Shaughnessy as head of EMEA, where she will be responsible for all business oversight within the region. She joins from The London Stock Exchange Group, where she was chief client officer, global head of sales and marketing for its information services division, and group head…
Citi & SimCorp form data management alliance
SimCorp and Citi have formed an alliance through which Citi’s securities services business will integrate post-trade custody data with SimCorp to offer a front-to-back user experience for mutual clients. The collaboration brings together SimCorp’s technology and service solutions with Citi’s proprietary custody network to help clients with data consolidation and consumption, and enhance productivity. The…
BP2S appoints new head of markets & financing services
BNP Paribas Securities Services has appointed Frédéric Pascal as head of markets and financing services (MFS). He will be responsible for MFS products and services, including securities lending, FX, triparty collateral management, and financing. He joined the bank in 1999 and is based in Paris. He replaces Eric Deudon, who is leaving the bank.
CIBC Mellon expands in Quebec
CIBC Mellon is expanding its coverage in the Province of Quebec to support growing regional client needs. The Quebec expansion follows the company’s expansions in Mississauga in 2016 and Winnipeg in 2019. CIBC Mellon has appointed Michael Graham to lead the provincial growth strategy. The first phase of the company’s plan expands its bilingual relationship…
State Street combines FX platforms
State Street has combined its FX execution and post-trade platforms – FXConnect, Currenex and TradeNeXus – into a single platform, GlobalLink FX.
Northern Trust & Emerald to deploy Broadridge Private Market Hub
Northern Trust and Emerald Technology Ventures have agreed to deploy the Broadridge Private Market Hub to improve visibility and reduce transaction friction to interact in real-time for Guernsey-domiciled funds. The hub, which was originally developed by Northern Trust, was transferred to Broadridge Financial Solutions, Inc. in 2019. It uses DLT to help solve the challenge…
BP2S upgrades FX services in APAC
An automated FX solution implemented by BNP Paribas Securities Services for Northcape Capital, an Australian fund manager, provides a new way for asset managers to manage FX transactions involving multiple financial services providers. BP2S was appointed by Northcape Capital to manage the FX execution of a range of developed market currencies across its portfolio of…