BNP Paribas Securities Services, which is the first and only global custodian to become a Depository Participant on the NZX clearing and settlement system in New Zealand, is planning to become a general clearing participant within the first half of 2021.
Category: Bank Providers
BP2S appoints Colm O’Brien as UK head of sales for AO, AM & AI
BNP Paribas Securities Services has appointed Colm O’Brien as UK head of sales – asset owners, asset managers and alternative investors. Based in London, he joined BNP Paribas in 2018 as a senior sales director.
State Street’s BestX launches equities TCA module
BestX, State Street’s FX and fixed income best execution analytics platform, has expanded its execution analytics software and launched a post-trade transaction cost analysis module for equity markets. State Street, which bought TCA specialist Elkins/McSherry in 1999, intends to integrate both platforms to deliver a single TCA offering.
AIA takes new predictive collateral coverage reporting solution from BP2S
BNP Paribas Securities Services has launched a service to help asset owners measure and monitor the counterparty and liquidity risk arising from their derivatives exposure and anticipate their long-term collateral requirements. The service is already in use by AIA Group, a longstanding risk and analytics client. In 2016 AIA appointed BNPP as its OTC derivatives…
HSBC wins mandate for three new Tabula ETFs in Ireland
Tabula Investment Management Limited, a UK-based passive fixed income manager, has appointed HSBC to service an additional three sub funds on its Ireland-domiciled Tabula ICAV UCITS platform. Tabula North American CDX High Yield Credit Short UCITS ETF was launched in June 2020 and listed on the London Stock Exchange the following month. Tabula will launch…
ReAssure hands HSBC two mandates for GBP43bn
ReAssure Limited, the UK life and pensions company, has appointed HSBC as custodian and fund administrator for GBP28bn (USD36bn) of assets after ReAssure’s GBP650m acquisition of 1.1 million closed life insurance policies from Legal & General. Separately, ReAssure has also appointed HSBC as fund administrator of its shareholder book, amounting to GBP15bn (USD19bn) of assets.…
ebase appoints SGSS and MFEX for fund services in Germany
European Bank for Financial Services (ebase), the German digital investment platform which was acquired by FNZ Group in 2019, has selected Société Générale Securities Services in Germany and MFEX Mutual Fund Exchange AB for its brokerage, custody and trailer fee management services. Under the mandate, MFEX and SGSS will provide services for several thousand funds…
HSBC appointed trustee for BlackRock’s HK master-feeder ETF
HSBC has been appointed trustee for BlackRock’s iShares MSCI Emerging Markets ETF (HK), the first Hong Kong-domiciled master-feeder ETF structure. BlackRock has launched its new feeder ETF after listing on the Hong Kong Exchange. This came after the Securities and Futures Commission (SFC) announced the relaxation of rules for the master-feeder structure, allowing feeder structures…
Citi supports launch of two L&I ETPs for CSOP AM in Hong Kong
Citi has supported the launch of two new leveraged and inverse (L&I) exchange-traded products by CSOP Asset Management, and will be providing CSOP with custody, fund administration and trustee services. Launched in Hong Kong, the new L&I products track China A-shares and allow investors to invest into the mainland China CSI 300 Index. Citi reports…
Intertrust hires J.P. Morgan’s Whaley to head Lux fund client service
Intertrust Group had added three managers to its Luxembourg client service team. Allison Whaley comes in as head of fund client service in Luxembourg, responsible for the overall client experience. Prior to joining Intertrust, Whaley was with J.P. Morgan for six years in London where she was global head of funds custody. She has also worked at Citco Fund…