AssetMetrix, the German fintech in which BNP Paribas has a stake, has been appointed by ARAG, the German insurance group, for the expansion of digital back and middle office processes for its alternative investments portfolio. ARAG will use AssetMetrix’s portal-based platform to analyse its investment decisions based on tools for performance, risk management, benchmarking and…
Category: Bank Providers
Nordea to recommend Citi as it exits Nordic sub-custody business
Citi and Nordea have finalised an agreement where Nordea will recommend its existing clients appoint Citi as their new provider of sub-custody services in the region. This follows a decision by Nordea to exit the Nordic sub-custody business. As a result of this agreement, Citi expects to significantly grow its market share in the Nordics.…
State Street wins EUR42bn mandate from Fideuram in Luxembourg
Fideuram – Intesa Sanpaolo Private Banking, part of the Intesa Sanpaolo Group, has appointed State Street in Luxembourg to assume the depositary bank and fund administration activities presently performed by its subsidiary, Fideuram Bank Luxembourg. The mandate covers c. EUR42bn (USD51bn) AuM. The completion of the transaction, which is conditional on regulatory approvals, is expected…
U.S. Bank hires David Kubilus as CCO for global fund services
U.S. Bank has hired David Kubilus for the newly created role of chief commercial officer for global fund services. Kubilus is based in London and will be responsible for connecting with investment managers about U.S. Bank’s recently launched Luxembourg capabilities. He will also contribute to the strategic development of global fund services in the U.S.…
BBH appoints Sonobe-san as a general partner
Brown Brothers Harriman has appointed Noriyasu Sonobe as a general partner. Sonobe joined BBH in 2007 and is currently co-office head of BBH Tokyo, as well as head of relationship excellence for investor services in Japan. He is based in Tokyo.
State Street appoints Theresa McLaughlin as global CMO
State Street Corporation has appointed Theresa McLaughlin as global chief marketing officer, with responsibility for marketing, branding, creative, communications, media, thought leadership, and events, inter alia. McLaughlin joins from TD Bank Financial Group where she was global chief marketing, customer experience & corporate citizenship officer for the past eight years. Based in Boston, she will…
HSBC to support Orchid bond structure in Singapore
Singapore Exchange (SGX) and Euroclear Bank have launched the Orchid bond structure in Singapore, combining domestic bond issuance with global distribution channels. International investors will be able to purchase bonds issued by Singapore-based issuers directly on SGX’s wholly owned subsidiary, The Central Depository, via Euroclear. HSBC acts as arranger, custodian bank and paying agent for…
Northern Trust’s currency management services gain traction
Northern Trust reports strong demand for its currency management services, with a number of significant new mandates over the past 12 months. Newly onboarded clients including Blackwall Capital Investment AG, Kieger AG and TT International Asset Management Limited, in addition to significantly expanded services for existing clients including AMX (The Asset Management Exchange) and Rockefeller…
BNY Mellon to service Pioneer Funds for Amundi US
Amundi US, the US business of Amundi, one of the world’s ten largest asset managers, has appointed BNY Mellon to provide custody, fund accounting, administration and transfer agency services for the Pioneer Funds, which are managed by Amundi US. Amundi and BNY Mellon recently announced an alliance involving Amundi’s ALTO* portfolio management technology platform and…
Northern Trust expands performance reporting for Middle East
Northern Trust has enhanced its investment performance reporting services to deliver Sunday to Friday investment returns for clients with Middle East mandates. This latest development enables Middle East-specific performance data to be reported with greater depth of analytics and timeliness for local markets.