CNP Assurances, the French insurance company, has appointed Société Générale Securities Services to manage EMIR Initial Margin for complex derivatives. SGSS developed a middle office IM calculation service to meet CNP Assurances’ operational workflow requirements. For more than 15 years, SGSS has provided independent valuation of CNP Assurances’ structured products’ collateral management, as well as…
Category: Bank Providers
Ultimus teams up with FundGuard for contingent NAV solution
Ultimus Fund Solutions is to offer its investment manager clients an enhanced contingent NAV solution utilising FundGuard’s platform. The FundGuard solution allows Ultimus to offer clients additional services to calculate real-time contingent NAVs for their registered funds. Clients can also use the solution for shadow NAV monitoring as an oversight to the normal daily NAV…
DTCC taps BNY Mellon for new CEO
BNY Mellon has appointed Roman Regelman, CEO of asset servicing, to lead the issuer services business. This follows the appointment of Frank La Salla as the president and CEO of The Depository Trust & Clearing Corporation (DTCC). Regelman, a member of the ExCo, will continue to lead digital for BNY Mellon. Regelman joined BNY Mellon…
BP2S appoints China co-head
BNP Paribas has appointed Stanley Song as co-head of BNP Paribas Securities Services in China. Based in Shanghai, he reports to CG Lai, CEO of BNP Paribas China Limited, and Franck Dubois, head of Asia Pacific for BNP Paribas Securities Services. He joins Philippe Kerdoncuff, who has been leading BP2S in China since 2016, in…
CACEIS & CA arrange bridge financing for Antin
CACEIS and Crédit Agricole CIB are supporting Antin Infrastructure Partners, the independent private equity firm focused on infrastructure investment, with the structuring of equity bridge financing for its first NextGen infrastructure fund. CACEIS has acted as the fund’s depositary, and Crédit Agricole CIB acted as arrangers and lenders of the EUR180m (USD195m) facility.
FundGuard closes USD40m funding round
FundGuard, the AI-powered SaaS investment management and asset servicing enterprise platform, has closed a USD40m Series B funding round. The investment round included large strategic investors, Citi and State Street, who joined initial investors Blumberg Capital, LionBird Ventures, and Team8 Capital, inter alia, to back the company’s future-ready technology approach to asset servicing. This latest…
RBC wins ETF mandate for Evermore
RBC Investor & Treasury Services has been named custodian by Evermore Capital Inc. for Canada’s first target date ETFs, eight of which were launched in February. RBC I&TS will also provide ETF accounting and administration services. This is a new relationship with Evermore, a Canadian asset management company currently focused on retirement ETFs. Myron Genyk,…
State Street hires new head of global clients division
State Street has appointed Michael Knowling to head of its global clients division (GCD). Knowling will report jointly to Joerg Ambrosius and Chris Coleman. In this role, Knowling will manage a team of senior client executives, global relationship managers, and client analysts as part of State Street’s client coverage model focused on delivering cross-enterprise solutions…
Securrency secures FSP for ADGM
Securrency Capital, a broker-dealer based in the Abu Dhabi Global Market (ADGM), has secured a Financial Services Permission (FSP) from ADGM’s Financial Services Regulatory Authority (FSRA) to deal in investments as a matched principal and provide custody for those investments. The license enables Securrency Capital to provide trading of digital assets to a variety of…
SG supports Generali digital bond purchase
Generali Investments – through Generali Insurance Asset Management, on behalf of the French company Generali IARD – has purchased, on the secondary market, security tokens of the digitally native bond issued by the European Investment Bank (EIB) in 2021 (with Société Générale as Joint lead manager). The transaction was performed over the blockchain infrastructure of…