U.S. Bank has formed a new business enablement team within its wealth, corporate, commercial, and institutional banking operations. It is responsible for ensuring alignment, communication and execution of strategic initiatives between operations and internal business lines, while also serving as strategic liaison between WCIBO and external industry stakeholders such as banks, fintech partners and industry…
Category: Bank Providers
BNY appoints new Korea chief
BNY has appointed Phillip (Bongkyun) Suh as Korea country manager and Seoul branch manager, subject to regulatory approval. He succeeds Hyon Joo Park, who will retire in March after more than six years at BNY. He joins from Samsung Asset Management, where he was CEO.
Citi poaches IT chief from BNY
Matthew Yazdi has been appointed as head of investor services technology for Citi. He is based in New York. He joined from BNY Mellon.
AP3/AP4 retool with SimCorp
The third and fourth Swedish National Pension Funds (AP3 & AP4) have completed a comprehensive modernisation of their system infrastructure through a new, integrated front-to-back solution from SimCorp. This replaces multiple systems that support the entire workflow – from analysis and order placement to portfolio management, risk, performance, compliance, and financial reporting. The transition to…
BBH to service Quoniam ETFs
Quoniam Asset Management, a Germany-based asset manager and a subsidiary of Union Investment, has launched Union Investment’s first actively managed ETFs. The two funds will be marketed under the new UniActive Q label. The UniActiveQ ETF range has been launched on AllFunds’ AllSolutions ETF platform, with BBH appointed as custodian and fund administrator. BBH in…
M&G launches active ETFs
M&G Investments has launched the first in a new range of fixed income active ETFs, marking the first phase of a broader roll out. These are backed by a GBP350m (USD468m) investment from M&G’s life business on behalf of several underlying client funds and funds from the multi asset range. The funds are domiciled in…
Northern Trust reshuffles leadership team
Northern Trust has made a number of leadership appointments, effective January 1, 2026. Clive Bellows, president of EMEA, and Guy Gibson, global head of institutional banking & markets, have been appointed co-presidents of Asset Servicing, succeeding Teresa Parker, who will retire after more than 40 years with Northern Trust. Melanie Pickett, head of asset servicing…
Dimensional launches European ETFs
State Street has been appointed as the service provider to Dimensional Fund Advisors’ newly launched actively-managed UCITS ETFs. The initial funds listed are the Global Core Equity UCITS ETF and the Targeted Value UCITS ETF. The funds are domiciled in Ireland, regulated by the Central Bank of Ireland and listed in London and Frankfurt. State…
Aztec hires global head of sales
Aztec, the C.I.-based administrator, has appointed Michael Saunders as global head of sales. Prior to joining Aztec, he was managing director, securities services, sales execution at J.P. Morgan. Before that, he spent over 25 years at Brown Brothers Harriman.
Flanagan to leave BNY
Alan Flanagan has announced his departure from BNY. Flanagan, an Irishman based in New York, had an 18-year career with BNY, most recently as head of global client coverage for the asset servicing business. He will start a new job in mid-March, but has not yet disclosed details. The news follows the planned retirement of…