Ultimus LeverPoint Private Fund Solutions has hired John Lumley as an SVP responsible for new business across the alternative investment practice, with a focus on private equity administration. He joins from J.P. Morgan.
Category: Bank Providers
Swiss market tests CBDC integration
The Bank for International Settlements (BIS), the Swiss National Bank (SNB), and SIX, Switzerland’s main provider of financial infrastructure services, have concluded the second phase of Project Helvetia, which looks toward a future with more tokenised financial assets based on distributed ledger technology coexisting with today’s systems. SNB and five commercial banks – Citi, Credit…
RBC sells HK business to SC
Standard Chartered has agreed to acquire the trustee and domestic asset servicing businesses of RBC Investor & Treasury Services in Hong Kong. The deal, which is subject to regulatory approval, is another step in RBC’s strategy to focus on North America and Europe. In 2020 RBC sold its Hong Kong corporate services business to SMP.
CACEIS supports new green hydrogen fund
CACEIS has been mandated by Hy24, an investment management firm specialising in green hydrogen infrastructure investment, to provide custody and registrar services for its first fund. In 2021 Ardian, a private equity investor, and FiveT Hydrogen, an investment platform focused on green hydrogen infrastructure projects, formed Hy24. The fund, Clean H2 Infra Fund SLP, will…
State Street hires for Nordic sales
State Street has hired Susanne Sørensen from Standard Chartered. Sørensen, who is based in Paris, will focus on sales in the Nordic region, reporting to Jochen Kühn, head of coverage for Germany, Austria, Switzerland, the Netherlands, and the Nordics.
Sionic hires Matt Davey
Sionic, a UK-based consultancy firm that is part of the Davies Group, has appointed Matt Davey as a partner within its asset management practice. Davey, who has worked at State Street, J.P. Morgan and HSBC, was most recently head of UK coverage, marketing, & solutions at SGSS.
CSC appoints new Netherlands head
CSC, the U.S.-based provider of corporate and fund services, has appointed Remko Dieker as managing director of its global financial markets division, overseeing the Netherlands office. He joins from CACEIS. He reports to Jonathan Hanly, managing director, Europe, succeeding Birgitte van den Broek, who is stepping down from her leadership role but will remain as…
Sanne hires head of ops for South Africa
Sanne, the UK-listed administrator, has appointed Adam Duncan as head of operations in South Africa. Before joining Sanne, he spent three years as the director for data operations of Burgiss’ South African office, where he was responsible for the overall performance and progression of the team in South Africa. He also spent 13 years at…
Nigel Colgan rejoins BNY Mellon
Nigel Colgan has returned to the UK after a two-year spell with First Abu Dhabi Bank in Abu Dhabi. Colgan rejoins BNY Mellon, where he has spent the majority of his career, as group manager, programme & project management. The role has responsibility for the governance, oversight, execution and implementation of critical or strategic regulatory…
Michelle Butler joins J.P. Morgan
After several months of gardening leave, Michelle Butler has joined J.P. Morgan as head of sales, UK & Ireland, for its securities services business. Butler spent 13 years at HSBC, most recently as Europe head of business development & client management for its securities services business.