Provinzial Asset Management, the Germany-headquartered asset manager with AuM EUR50bn, has mandated BNP Paribas Securities Services and Helaba Invest as asset servicing providers. Following the recent merger between Provinzial Asset Management and the Provinzial Rhineland, Provinzial Asset Management now manages all the assets of the newly formed Provinzial Group. Provinzial Asset Management selected two long-standing…
Category: Bank Providers
BBH completes conversion of two Guinness Atkinson mutual funds to ETFs
Brown Brothers Harriman has completed the conversion of two open-end mutual funds to ETFs on behalf of Guinness Atkinson Asset Management: Guinness Atkinson Dividend Builder Fund (GAINX) and Guinness Atkinson Asia Pacific Dividend Builder Fund (GAADX). These are the first two mutual funds converted into ETFs in the U.S. BBH has a long-standing relationship with…
MUFG hires three managers
MUFG Investor Services has made three appointments. Simon Coombes joins as executive director, business development, based in the UK. He will focus on prospects throughout Europe and the APAC regions. He was previously head of middle office solutions sales at Apex. Vasilis Sotiris joins as head of data engineering & strategy, based in the U.S.…
U.S. Bank launches integrated ILP solution
U.S. Bank has launched an end-to-end solution for Irish Limited Partnership (ILP) funds, covering loan administration, fund and investor services, depositary, custody and account banking. U.S. Bank has established a comprehensive ILP solution across its global fund services, depositary services and global corporate trust business lines. U.S. Bank is understood to have secured its first…
BNP Paribas strikes deal with Clarity AI
BNP Paribas Securities Services has formed a partnership with Clarity AI, a sustainability data science and technology company. Through its Manaos platform, BNP Paribas clients can access Clarity AI’s universe of sustainability data and insights. Manaos enables institutional investors to store their fund data on a single platform to obtain a comprehensive and transparent view…
Reichmuth appoints AssetMetrix for digital reporting
Reichmuth & Co Investment Management AG, a subsidiary of the Swiss owner-managed private banking group Reichmuth & Co, has appointed AssetMetrix, the Germany-based specialist asset servicer, as a partner for the digitalisation of its infrastructure activities. Services include tools for performance, risk management, benchmarking as well as cash flow and performance forecasts. In addition, clients…
Northern Trust’s FOS business adds two seniors
Northern Trust’s Front Office Solutions business has hired Nichole Mann as head of operations administration and Nora Tiller as head of client solutions. Mann will be responsible for functions including operational data governance, data quality and process oversight, policy development, and data analysis. Prior to joining Northern Trust, Mann worked at Calculated Valuation. Tiller will…
Citi launches sec lending solution for wealth managers
Citi has launched the first fully automated securities lending solution for wealth management firms, in partnership with fintech firm Sharegain. Through Citi’s solution, wealth managers can deliver a securities lending program to their clients, giving them the opportunity to earn additional revenue on their stocks, bonds and ETFs, without developing an internal program from scratch.…
AssetMetrix establishes account management function
AssetMetrix, the Germany-based specialist asset servicing provider in which BNP Paribas has a stake, has appointed Joerg von Taube as head of the newly created account management function within its business development team. He joined AssetMetrix in 2017.
BondEvalue appoints Citi as bond custodian
Citi has been selected by BondEvalue Pte Ltd to act as a custodian for the underlying bonds traded on BondbloX, its digital exchange for fractionalized assets. Under the agreement, Citi will provide asset safekeeping and servicing solutions. BondEvalue, a Singaporean fintech company founded in 2016, launched the world’s first fractional bond exchange in 2020 after…