HSBC has appointed Michael Madsen as global head of product for private assets for its securities services business. In this new role, Madsen will focus on development of the private assets product strategy and operating model. He will be based in Luxembourg, reporting to Tony McDonnell, global head of alternative investments, securities services, and Niccolo…
Category: Bank Providers
J.P. Morgan to deliver U.S. securitised products data to Confluence’s Delta platform
Confluence, a technology solutions provider to the worldwide money management industry, and J.P. Morgan have launched a further development in their partnership to deliver a multi-asset portfolio analytics solution. At the start of Q3 2021, Delta, Confluence’s risk and performance solution, will have expanded coverage powered by J.P. Morgan’s proprietary analytics to include U.S. securitised…
Northern Trust launches Omnium Event Manager
Northern Trust has launched Omnium Event Manager, a web-based workflow tool designed to provide asset managers and asset owners with a consolidated view of corporate action and dividend events affecting fund portfolios, enabling them to coordinate with brokers and custodians to respond effectively to the voluntary events. The Event Manager platform leverages global Omnium services…
BNP Paribas opens sub-custody business in Chile
BNP Paribas has established a sub-custody business in Chile, adding to existing Latin American operations in Brazil, Colombia and Peru. As part of the deal, BNP Paribas has become a direct participant in Chile’s central securities depository, Depósito Central de Valores. BNP Paribas’ proprietary network has now expanded to 27 markets.
Ultimus hires Frank Anduiza to head private fund sales
Ultimus Fund Solutions, an independent provider of fund administration, accounting, and investor solutions, has hired Frank Anduiza as head of private fund sales for Ultimus LeverPoint, the firm’s private fund administration services business. Anduiza joins from BNY Mellon, where he was head of U.S. business development for the alternative investment management sector.
Banque de France completes digital currency test
In partnership with the European Investment Bank and Société Générale – FORGE, Banque de France has completed an experiment on the use of a central bank digital currency (CBDC) for settling digital bonds issued by the EIB through blockchain. The experiment consisted of the subscription to EIB-issued digital bonds by investors, for a total amount…
Northern Trust to administer new USD9bn Coller Capital PE fund
Coller Capital, a UK-based investor in the private equity secondary market, has launched a USD9bn fund, Coller International Partners VIII. Investor support came from over 200 of the world’s leading institutional investors. Northern Trust, which has a 25-year relationship with Coller Capital, has been appointed to provide fund administration, banking and depositary services for the…
U.S. Bank launches services for SPACs
U.S. Bank has launched a range of services for sponsors of special purpose acquisition companies (SPACs), including: Establishing a special-purpose segregated trust account to hold SPAC proceeds; Holding, investing and disbursing of funds in accordance with a trust agreement; Providing statements and secure online reporting of account holdings and activity; Maintaining investment books and records;…
State Street appoints Aman Thind as global chief architect
State Street has appointed Aman Thind to executive vice president and global chief architect, reporting to Brian Franz, global chief information officer. Thind is responsible for designing the strategy and driving implementation of State Street’s technology transformation and interoperable infrastructure. He will also play an integral role in advancing the company’s technology innovation, including building…
BNY Mellon strikes deal with class-action specialist FRT
BNY Mellon has established an alliance with Financial Recovery Technologies, the U.S.-based provider of securities class action recovery services to the investment community. The alliance will offer solutions to address the demand for better governance solutions associated with shareholder litigation monitoring and recovery, offering BNY Mellon’s clients access to FRT’s suite of class action solutions,…