Northern Trust has named Scott Bachmann as UK head of public sector (LGPS) within its institutional investor group. Bachmann joined Northern Trust in 2006, and was most recently head of investment risk & analytical services for EMEA and Asia.
Category: Bank Providers
Eric Chng joins State Street in APAC
State Street has appointed Eric Chng as an SVP within its client segments group, focused on the alternatives and insurance sectors in Asia Pacific. He is based in Singapore, and joins from Citco, where he was head of business development and sales across APAC.
State Street to add 400 tech jobs in Ireland
State Street is to establish a new 400-strong team in Ireland to provide technology infrastructure and cybersecurity services to support group operations globally. State Street currently employs approximately 2,000 staff in Ireland across Dublin, Drogheda, Naas and Kilkenny. The new unit will be located at IDA Ireland Business and Technology Park in Kilkenny, where State…
China’s E Fund appoints HSBC to service Luxembourg UCITS
HSBC has been appointed by E Fund Management (Hong Kong) Co Ltd to provide servicing solutions for its existing Luxembourg UCITS. This expands HSBC’s servicing of E Fund’s current funds business beyond Asia, where HSBC acts as the depositary, custodian, transfer agent, fund administrator and corporate secretary of the E Fund Greater China High Dividend…
Danske Invest awards J.P. Morgan USD70bn mandate
Danske Invest, the mutual funds arm of Denmark’s Danske Bank, has appointed J.P. Morgan as custodian and depositary for a portion of its funds business, covering assets of USD70bn (EUR59bn). In total, Danske Invest has EUR100bn AuM (USD118bn) across 300 funds.
State Street appoints new head of global markets for Europe
State Street has appointed Simona Stoytchkova as its new head of Global Markets, Europe. Global Markets is State Street’s capital markets business, providing research, trading, and securities lending services for foreign exchange, securities and derivatives. Based in Frankfurt, Stoytchkova joins from IG Europe, where she was country head for Germany & Netherlands.
Coller Capital selects Alter Domus for USD680m credit fund
Alter Domus, the Luxembourg-based alternatives administrator which has AuA of c. USD1trn, has been selected by Coller Capital to provide fund administration and depositary services for a new private credit secondaries fund. The credit portfolio is managed by Ping An Overseas Holdings, with the transaction thought to be the world’s largest for a credit portfolio,…
Citi’s Chris Perkins joins CoinFund
CoinFund, a blockchain-focused investment firm, has hired Chris Perkins from Citi as managing partner and president. At Citi, Perkins was global co-head of the futures, clearing and foreign-exchange prime brokerage businesses. At CoinFund, he will work to narrow the divide between crypto investing and traditional equities. Jake Brukhman, CoinFund’s founder and CEO, said: “Chris Perkins…
Rob Rushe joins CACEIS to head ETF solutions
Robert Rushe, one of the pioneers of the European ETF industry, has joined CACEIS as head of ETF solutions, based in Ireland. Rushe was part of the BoISS ETF team that joined Northern Trust after its acquisition in 2011, and most recently worked at BNY Mellon as head of the ETF business for EMEA.
State Street goes live with DTCC’s MTU
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…