State Street has launched a new division focused on digital finance. The new division, State Street Digital, will be led by Nadine Chakar, EVP and head of global markets. Chakar will report to Lou Maiuri, COO. Chakar will be replaced as head of global markets by Tony Bisegna, currently global head of portfolio solutions, FX…
Category: Bank Providers
Northern Trust promotes Higgins & Carey in Asia Pacific
Northern Trust has appointed Caroline Higgins as the head of Hong Kong, Macau and Taiwan, and Iain Carey as the head of Global Funds Services in Asia. Based in Hong Kong, Higgins will report to Angelo Calvitto, recently named head of Asia Pacific asset servicing. Reporting to Higgins, and assuming her prior role as head…
Arcesium launches performance allocation product
Arcesium, the U.S.-based financial technology and professional services firm, has launched PerformA, a performance allocations product designed to simplify the investor accounting process and reduce the risks, costs, and manual errors associated with spreadsheet-based fund accounting. PerformA is tailored for different client types, including hedge funds, fund administrators, and private equity firms.
Northern Trust promotes Julie Zhu to lead asset servicing in China
Northern Trust has appointed Julie Zhu to lead its asset servicing business in China. Zhu, who is based in Beijing, assumes the role of branch manager from Michael Wu, who was most recently country executive for Greater China. She will report to Angelo Calvitto, who was recently appointed head of the Asia-Pacific region. Zhu, who…
ConBrio appoints Northern Trust and NatWest
ConBrio Fund Partners Ltd, a UK-based ACD, has appointed Northern Trust for custody and fund accounting, and NatWest Trustee and Depository Services for depository services. ConBrio was advised by Cooper Wood & Associates.
State Street appoints new heads of Taiwan & Hong Kong
State Street has appointed Pauline Wong as head of the Hong Kong SAR and Ilona Chen as head of Taiwan. These newly created roles will report to Mostapha Tahiri, head of Asia Pacific. Wong and Chen will oversee all State Street’s businesses in Hong Kong and Taiwan respectively. Wong joined State Street in 2011 and…
BBH launches Connectors program
Brown Brothers Harriman has launched BBH Connectors, a cohort of specialist third-party fintech and service providers that bring expertise in areas like ESG data, insurance accounting, class action recovery services, and AI to drive meaningful outcomes for clients. BBH Connectors can be readily integrated through BBH Infomediary, a data integration engine that provides efficient and…
BNY Mellon partners with Saphyre for client onboarding
BNY Mellon has become the latest custody bank to partner with a fintech to improve the client onboarding experience. It is working with Saphyre, which leverages patented AI technology to digitise all pre-trade activities across multilateral counterparties: asset owners, investment managers/hedge funds, broker/dealers, custodians, and prime brokers. The firms are working together to deploy AI…
State Street hires Jason Knight as global head of insurance
State Street has appointed Jason Knight as global head of the firm’s insurance segment. Knight joins from BNY Mellon, where he was most recently head of the insurance segment in the Americas for the asset servicing business.
Martin Currie migrates investment ops to Northern Trust
Martin Currie Investment Management has completed the migration of outsourced investment operations functions to Northern Trust for its book of assets managed from UK offices in Edinburgh and London. These include performance measurement and client reporting activities that were previously managed inhouse. Owned by Franklin Resources, Martin Currie is a long-term global equity growth investor…