State Street has been appointed as servicing agent for an AllianceBernstein ETF in Australia that now offers the dual access option. Originally developed seven years ago, AB’s Managed Volatility Equities Fund was listed on the Chi-X exchange in April, leveraging the innovative dual access model, which enables active managers to run a single register for…
Category: Bank Providers
Northern Trust hires Arthur Hill to head asset servicing product management
Northern Trust has hired Arthur Hill as head of product management for asset servicing. Based in Chicago, Hill reports to Paul d’Ouville, head of asset servicing product and client solutions. Hill joins from Capgemini, where he was a senior director for its global insurance and financial services group.
Credit Value Partners launches ILP
Credit Value Partners LLC, a U.S.-based private capital firm, has launched one of the first funds to be set up using the new Irish Investment Limited Partnership regime. Carne Group has been appointed as ManCo, with U.S. Bank appointed as administrator and depositary.
CACEIS launches UK carbon metrics reporting service
CACEIS has launched a carbon metrics reporting tool in the UK. This will provide UK pension schemes with a platform to align themselves with the Task Force on Climate-Related Financial Disclosures reporting requirements. The new carbon metrics look-through reporting tool enables pension schemes to assess their portfolios’ carbon footprint and meet the metrics and targets…
State Street hires Neil Macdonald as AsPac head of asset managers segment
State Street has hired Neil Macdonald as head of the asset managers segment in Asia Pacific. In this newly created role, Macdonald will report globally to Donna Milrod, head of the global asset managers segment and global clients division, and regionally to Mostapha Tahiri, chief executive officer for Asia Pacific. Macdonald joins from KPMG, where…
Laide Majiyagbe joins BNY Mellon to head financing & liquidity
BNY Mellon has appointed Laide Majiyagbe as head of financing and liquidity, assuming oversight of the securities finance, liquidity services and collateral segregation businesses. In this newly created role, Majiyagbe will oversee the strategic direction for BNY Mellon’s financing, collateral and short-term liquidity offering. She joins BNY Mellon from Goldman Sachs, where she spent 14…
Standard wins NY state charter to offer digital assets custody
Standard Custody & Trust Company, LLC, a U.S.-based custody and settlement platform for digital assets, has received charter status to operate under New York state banking law as a regulated qualified custodian. The charter permits Standard Custody to offer custodial and escrow services for digital assets. One of Standard’s board members is Tim Keaney, formerly…
Northern Trust wins admin mandate for Guernsey VC fund
Northern Trust in Guernsey has been appointed by venture capital firm BB Pureos Bioventures to provide fund administration and banking services for its first fund, BB Pureos Bioventures LP, with commitments of USD205m. Carey Olsen advised Pureos Bioventures on all legal and regulatory aspects of the fund’s launch as a Guernsey-domiciled closed-ended fund.
CC&L appoints HSBC to administer new Irish ICAV
HSBC has been appointed by Connor, Clark & Lunn Financial Group Ltd, one of Canada’s largest independent asset management firms, to provide fund administration, transfer agency, custody and depositary services to its first Ireland-registered UCITS umbrella fund. The initial sub-funds include the CC&L Q Emerging Markets Equity UCITS Fund and the CC&L Q Global Equity…
Northern Trust completes acquisition of Parilux
Northern Trust has completed its acquisition of Parilux Investment Technology, LLC, following its initial investment in the firm in 2018. Northern Trust’s Front Office Solutions business integrates Parilux’s software with a proprietary cloud-based web and mobile interface.