BNY Mellon has launched three new data and analytics solutions offerings: Data Vault is a cloud-based data and analytics platform that supports the rapid onboarding of data to provide greater flexibility and accelerate client innovation and discovery. Combining this with a scalable, machine-learning approach to data quality, users can more quickly and easily interact with…
Category: Bank Providers
HSBC launches UK TA product
HSBC Securities Services has launched its UK transfer agency business, servicing both retail and institutional investors, supported by a new Edinburgh-based operation with 80 staff managing back-office processing and contact centre functions. The UK becomes the thirteenth market where HSS offers transfer agency.
Saskatchewan’s PEBA appoints CIBC Mellon for custody & performance
CIBC Mellon has been chosen to provide global and domestic custody, institutional accounting and securities lending for the Public Employees Benefits Agency (PEBA). In addition, PEBA will use data and analytics solutions, including performance and compliance reporting, through BNY Mellon for two plans that PEBA administers: the Public Employees’ Pension Plan, a defined contribution pension…
INKA appoints HSBC for first German MO mandate
Internationale Kapitalanlagegesellschaft mbH (INKA) has appointed HSBC Securities Services as its middle-office provider, supporting trade management and settlement for its non-discretionary asset management business. This is the first middle-office mandate for HSBC in Germany.
Northern Trust appointed by Carpenters Trusts for USD2.2bn mandate
Northern Trust has been appointed by Carpenters Trusts of Western Washington, a Seattle-based self-administered Taft-Hartley trust, to provide global custody, securities lending, foreign exchange and related services for USD2.2bn in trust assets.
BP2S names Franck Dubois regional head of APAC
BNP Paribas Securities Services has appointed Franck Dubois, currently head of France and Belgium, as regional head of APAC. He replaces Mostapha Tahiri, who is leaving the bank. Pierre Jond replaces Dubois as head of France and Belgium. He is currently chief of staff for Patrick Colle, the global head of BP2S.
CIBC Mellon to service CI WisdomTree ETFs in Canada
CIBC Mellon has been appointed to provide custody, fund accounting and ETF servicing for CI Financial’s 14 Toronto Stock Exchange-listed CI WisdomTree ETFs, which the company recently acquired. CIBC Mellon already services all of CI Financial’s ETFs. CI Financial is one of Canada’s largest investment companies and, with its acquisition of WisdomTree’s Canadian operations, the…
UAE’s Sancta Capital Advisors picks Northern Trust for custody & brokerage
Northern Trust has been selected by Dubai-based asset manager Sancta Capital Advisors to provide brokerage and global custody services. Sancta Capital is part of Sancta Capital Group, an alternative investment manager founded in 2013. Sancta Capital will use Northern Trust’s agency-only brokerage service, in addition to global custody for local and global mandates.
BP2S appointed by HK’s BEA Union Investment to service first retail OFC
BNP Paribas Securities Services has been selected to provide custody and fund services to BEA Union Investment, the first fund manager to use Hong Kong’s Open-ended Fund Company (OFC) regime for an actively managed retail fund. BP2S will provide BEA Union Investment with a range of services, including fiduciary duties, fund administration and transfer agency.
BNP Paribas wins EUR2.3bn sec lending mandate for Fondoposte in Italy
BNP Paribas Securities Services has been appointed to provide securities lending services to Fondoposte, the national supplementary pension fund for the employees of Poste Italiane S.p.A. BP2S will provide Fondoposte with securities lending services covering approximately EUR2.3bn of assets. BP2S has been providing depositary banking services to Fondoposte since 2016.