State Street’s Collateral + business has gone live with DTCC’s Margin Transit Utility (MTU), which has been designed for simplifying the transfer of collateral among market participants. By leveraging MTU, State Street’s Collateral+ business will now be able to more efficiently validate, enrich, settle, report and monitor third party collateral while connecting to and sharing…
Category: Bank Providers
BNY Mellon adds two seniors to asset servicing team
Two senior hires for BNY Mellon’s asset servicing operations team: Paul Vigilante has joined as head of accounting and investor solutions operations from J.P. Morgan. Based in New York, he reports to Jeremy Dobrick, head of asset servicing operations and technology. Prior to this role, Vigilante held senior operations roles in securities services and asset…
State Street expands relationship with ANIMA
State Street has entered into an agreement with ANIMA SGR, the independent Italian asset manager with EUR198bn (USD232bn) AuM, to provide front office IT platform solutions and back-office administration services for certain ANIMA institutional and retail managed accounts (s.c. gestioni patrimoniali). Services provided by State Street in Italy cover approximately EUR24bn (USD28bn) AuM for retail…
State Street appoints three new country heads in Europe
State Street has appointed new country heads for Germany, Luxembourg and Switzerland. Andreas Niklaus has been appointed as the head of Germany, Riccardo Lamanna as the head of Luxembourg and Dagmar Kamber Borens as the head of Switzerland. They will be responsible for developing business, stewarding client engagement, developing talent, and building the company’s brand…
BNY Mellon/SNB Capital alliance goes live in Saudi Arabia
BNY Mellon and SNB Capital have gone live with their combined global securities services offering to institutional and large asset owners based in the Kingdom of Saudi Arabia (KSA). This comes after the 2020 agreement in which NCB Capital (now SNB Capital, following the merger with Samba Capital), KSA’s largest custodian, struck an alliance with…
State Street hires Sam Edwards to head AsPac collateral management
State Street has hired Sam Edwards as head of collateral management for Asia Pacific. Based in Hong Kong, Edwards will report globally to Staffan Ahlner, global head of collateral management, and regionally to Michele Hardeman, head of global markets, Asia Pacific. Edwards joins State Street from Credit Suisse, where he was most recently head of…
New CEO at SIX Digital Exchange
SIX Digital Exchange has appointed David Newns as CEO, replacing Tim Grant, who is moving to Galaxy Digital. Newns joins from State Street, where he was global head of GlobalLink Execution Services, which includes the FXConnect and Currenex trading platforms.
State Street appoints country head for Japan
State Street has appointed Taro Kuryuzawa as country head for Japan, a newly created role. Based in Tokyo, Kuryuzawa will report to Mostapha Tahiri, chief executive officer for Asia Pacific. Kuryuzawa joined State Street earlier this year, from Deloitte Tohmatsu, where he was most recently head of institutional investor coverage in Japan and global lead…
State Street hires new head of TM for Asia Pacific
State Street has appointed Elliot Graham as a managing director in the bank’s portfolio solutions team, heading the transition management business in Asia Pacific. Based in Sydney, Graham will report to James Woodward, head of portfolio solutions for State Street Global Markets in Asia Pacific. He was most recently with Macquarie Securities and previously with…
Putnam appoints State Street for new actively managed ETFs
Putnam Investments, which recently listed four actively managed, semi-transparent ETFs on NYSE, has appointed State Street as its service provider. Putnam leverages a proxy-based actively managed ETF model for the funds. State Street currently provides back-office work, specifically accounting and custody services, to the Boston-based investment management firm, which has USD200bn AuM.