Ocorian, the C.I.-based administrator, has appointed Mike Hughes as global head of service lines. In his new role, Hughes has ultimate responsibility for all client segments and will also join Ocorian’s ExCo. He was previously global head of J.P. Morgan’s global custody product.
Category: Bank Providers
Aberdeen Standard Investments moves two ETFs to State Street
Aberdeen Standard Investments has appointed State Street as service provider for two of the firm’s ETFs. These ETFs have transitioned from another provider. State Street will now provide a range of ETF services, including custody, fund accounting, basket creation/settlement, order-taking, transfer agency and regulatory reporting. State Street currently provides global custody, accounting and fund administration…
Angelo Calvitto to head Northern Trust’s asset servicing business in APAC
Northern Trust has named Angelo Calvitto to lead its asset servicing business in Asia Pacific. Calvitto, who was most recently country head for Northern Trust in Australia, will succeed William Mak, who is retiring from the company after 11 years. Calvitto will be based in Melbourne.
Alter Domus hires Angela Summonte to head new asset owners business
Alter Domus, the Luxembourg-based provider of fund and corporate services, has appointed Angela Maria Summonte as global head of asset owners. Based in Germany, she will lead the development of the newly launched asset owners business line. Summonte was previously with BNP Paribas.
Fubon appoints Citi to service ETP range
Fubon Fund Management (Hong Kong) Limited, a Taiwan-based manager, has appointed Citi as service provider for its first ETPs launched in Hong Kong. Citi will act as trustee and will also provide fund accounting and custody services.
Northern Trust launches upgrade of Rec Dashboard
Northern Trust has launched a new version of its Rec Dashboard, a workflow tool that provides a real-time view of breaks and reconciliations in trade activity between asset managers and other institutions. Rec Dashboard is hosted within Omnium, a Northern Trust middle- and back-office technology platform for fund administration. The enhanced tool is available to…
J.P. Morgan links to SimCorp Dimension
J.P. Morgan’s securities services business is building a link to SimCorp Dimension. SimCorp is a provider of technology solutions and services for the asset management sector. Available to mutual clients, the front-to-middle office and custody integration has gone live at one asset owner in APAC.
Northern Trust wins USD26bn UK Coal mandate
Northern Trust has been appointed to provide a range of asset servicing solutions to the UK’s Coal Pension Trustees Services Limited (CPT). CPT is the in-house executive company owned by the British Coal Staff Superannuation Scheme and the Mineworkers’ Pension Scheme – two closed defined benefit schemes representing members who previously worked in the UK…
State Street to service dual access ETF for AllianceBernstein in Australia
State Street has been appointed as servicing agent for an AllianceBernstein ETF in Australia that now offers the dual access option. Originally developed seven years ago, AB’s Managed Volatility Equities Fund was listed on the Chi-X exchange in April, leveraging the innovative dual access model, which enables active managers to run a single register for…
Northern Trust hires Arthur Hill to head asset servicing product management
Northern Trust has hired Arthur Hill as head of product management for asset servicing. Based in Chicago, Hill reports to Paul d’Ouville, head of asset servicing product and client solutions. Hill joins from Capgemini, where he was a senior director for its global insurance and financial services group.