J.R. Lowry is leaving State Street to join Janus Henderson Investors as COO. At State Street he was COO of its Alpha business.
Category: Bank Providers
Michelle Butler leaves HSBC
Michelle Butler has left HSBC’s securities services business, where she was head of business development & client management for Europe. It is understood she will be moving to J.P. Morgan after a period of gardening leave.
CACEIS strikes deal with FundGlobam for distribution support
CACEIS has struck a deal with FundGlobam, a European provider of fund distribution services, to offer asset management companies an all-in fund distribution support solution. The services on offer are structured around three pillars: Distribution strategy services, covering market characteristics, trends, participants and regulatory frameworks in more than 80 countries to identify the most appropriate…
Northern Trust launches UMR solution
Northern Trust has launched an automated solution for initial margin calculation to help asset manager and asset owner clients comply with global regulations governing trading of OTC derivatives. The solution, developed in advance of the deadline for implementation of Uncleared Margin Rules (UMR), is part of Northern Trust’s integration of Acadia’s margin management solutions.
BNY Mellon adds three senior managers to digital business
BNY Mellon continues to build out its digital senior management team, announcing three new hires. Hadley Stern joins as global head of digital custody, responsible for overseeing business and product development for the digital custody offering. He was most recently head of Amazon Web Services’ innovation labs. He will report to Caroline Butler, head of…
HSBC supports Premia ETF launch on HKSE
HSBC has supported the listing of the Premia China STAR50 ETF on the Hong Kong Stock Exchange, with an initial launch size of RMB 204m (USD32m), HSBC has been appointed to provide trustee, global custodian, fund administrator, swap counterparty and cross border equity execution services for the fund.
Northern Trust takes stake in Essentia Analytics
Northern Trust has reached an agreement to take an equity stake in Essentia Analytics, Ltd., a provider of behavioral analytics and consulting services that utilises a cloud-based platform to bring together historical data and behavioral science to identify and address biases in thinking that impact investment performance. The addition of Essentia behavioral analytics solutions is…
Water Island Capital converts mutual fund to ETF
Water Island Capital has converted the Water Island Long/Short Fund (Nasdaq: ATQIX), a mutual fund within The Arbitrage Funds series trust, to the AltShares Event-Driven ETF (NYSE Arca: EVNT). State Street facilitated the conversion.
State Street goes live with Acadia
State Street’s Collateral+ business is now operational with Acadia’s Initial Margin Exposure Manager (IMEM) and Margin Manager (MM) service. This integration provides automated dispute management for initial margin agreements and electronic margin call messaging across multiple products.
Paul Bishop joins J.P. Morgan
J.P. Morgan has hired another re-tread from Deutsche Bank. Paul Bishop has joined as head of U.S. direct custody, having held a similar role at Deutsche Bank.