State Street has been appointed by M&G Corporate Services Limited, part of M&G plc, the UK-based asset manager with >GBP367bn (>USD500bn) AuM, to provide outsourced middle office services. The agreement builds on a 10-year strategic partnership with M&G that will see State Street extend its current fund accounting and custody services for the wholesale fund…
Category: Bank Providers
Pure Digital to deploy State Street’s Currenex platform for digital asset trading
Puremarkets Ltd, a UK-based business trading as Pure Digital, has entered into an agreement with State Street to deploy Currenex, State Street’s FX trading technology, as the infrastructure for Pure Digital’s new wholesale digital currency trading platform. Additionally, Pure Digital and State Street intend to further explore opportunities in the digital currency trading space. Pure…
John Stern to head U.S. Bank’s global corporate trust business
U.S. Bank has appointed John Stern as president of its global corporate trust and custody business. Stern currently leads the team that executes all of U.S. Bank’s treasury functions. Reporting to Gunjan Kedia, head of wealth management & investment services, he succeeds Joseph (Joe) Giordano, who is retiring.
Penny Biggs to retire from Northern Trust
Penny Biggs, who has had a stellar 20+ year career at Northern Trust, is to retire. Biggs, who was most recently chief strategy officer for the corporate & institutional services business, has held a variety of senior roles, including head of the institutional investor group for EMEA, and head of international distribution for asset servicing…
BNY Mellon tapped to provide admin services for new bitcoin ETF
BNY Mellon has been named in the initial registration statement as a service provider for the First Trust SkyBridge Bitcoin ETF Trust, a newly created bitcoin ETF that is currently pending approval by the US Securities and Exchange Commission. After completion of definitive service provider agreements and the SEC’s final approval of the ETF, BNY…
HSBC facilitates launch of two new China-Japan ETFs for Daiwa AM
HSBC has facilitated the listing of two new cross-border ETFs under the China-Japan ETF Connectivity scheme. This allows international investors to indirectly invest in Chinese assets through feeder ETFs listed on the Tokyo Stock Exchange. HSBC provided onshore QFII custody services to enable Daiwa Asset Management Co. Ltd to set up two new ETFs under…
Citi adds ESG functionality to Clarity data platform
Citi has incorporated ESG scores into its securities services data platform, Citi Velocity Clarity, allowing clients to analyse the sustainability exposure of their holdings at the portfolio and security level. Citi recently announced a major upgrade to Clarity, including enhancements to the universe of available data, custom reporting capabilities and API functionality. Citi has developed…
MUFG hires from Deutsche Bank – again
Thomas Ryan has joined MUFG Investor Services as head of asset and liability trading in New York, reporting to Tony Toscano, head of North American global securities lending solutions. Ryan joins from Deutsche Bank.
State Street appoints LAB Group for investor onboarding in Australia
State Street has appointed Australia’s LAB Group to introduce electronic investor onboarding capabilities for its fund manager clients in Australia. With LAB Group’s platform, investor registration will be accelerated and electronic identity verification for individuals, companies and trusts will be enabled. The LAB process uses numerous Australian government and other verified databases, supported by dynamic…
MUFG launches ESG reporting service
MUFG Investor Services has launched an ESG Reporting solution. Within the reporting suite, ESG data will be mapped to a client’s portfolio, providing a top-level portfolio rating, highlighting top and bottom performing positions. Additional analysis will also be provided based on sector, asset class and other metrics. The service will extensively analyse both private and…