Archer, a service provider to the investment management industry, has appointed John Lehner as a member of its board of directors. Lehner has previously worked at State Street, BNY Mellon and Eagle Investment Systems.
Category: Bank Providers
State Street launches GIPS solution
State Street has struck a partnership with The Spaulding Group, a provider of investment performance measurement services, to launch its Global Investment Performance Standards (GIPS) asset owner solution. The combination of State Street’s core performance services and operational support with The Spaulding Group’s educational, consulting, and verification capabilities aims to provide asset owners with the…
Ocorian hires new head of global funds
Ocorian, the C.I.-based administrator, has hired Garrett Breen as head of global funds. Based in Dublin, he reports to Mike Hughes, Ocorian’s global head of service lines and business development. He joins from J. P. Morgan, where he led the hedge fund services business.
State Street to buy BBH’s investor services business for USD3.5bn
State Street and Brown Brothers Harriman & Co. have entered into a definitive agreement for State Street to acquire BBH’s Investor Services business, including its custody, accounting, fund administration, global markets and technology services, for USD3.5bn in cash. Following the transaction, BBH will continue to independently own and operate its separate private banking and investment…
SGSS to act as depositary for new fund from SWEN
SWEN Capital Partners, a France-based provider of unlisted sustainable investment solutions, has launched its second European impact fund, Blue Ocean. The fund aims to raise EUR120m (USD143m). SGSS has been appointed as the fund’s depositary.
Northern Trust appoints new head of Australia & New Zealand
Northern Trust has appointed Leon Stavrou as head of its business in Australia and New Zealand. He succeeds Angelo Calvitto, who was named as head of Northern Trust in Asia Pacific earlier this year. Stavrou was most recently a global services executive responsible for Northern Trust’s asset servicing operations across Australia, and for ensuring the…
Citi & Vistra to service Food Securities Fund
The Food Securities Fund, which provides working capital loans to sustainable agriculture companies in emerging and developing markets, has appointed Citi as the fund’s central administration agent and depository. Vistra, the Singapore-based administrator, will provide AIFM ManCo services from Luxembourg. The Food Securities Fund has been developed by Clarmondial, a Switzerland-based investment firm.
my529 appoints State Street for investment servicing solutions
State Street has been appointed by my529 to provide investment servicing solutions, covering accounting, daily NAV calculations, performance reporting, and daily cash settlements, as well as dynamic cash allocations, trading, and rebalancing services. my529, Utah’s official nonprofit 529 educational savings plan, is available to residents of any state and currently has over USD20bn AuM.
Northern Trust names Scott Bachmann as UK head of LGPS
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.
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.