GPP, the UK-based clearing, institutional custody and wealth solutions firm, has appointed Société Générale Securities Services, through its subsidiary PAREL, as a settlement agent for its clearing business. The deal will see the SGSS join GPP’s settlement infrastructure alongside GPP’s other agents and its own direct Crest participation.
Category: Bank Providers
State Street hires Christian Bongiovanni as EMEA insurance segment head
State Street has appointed Christian Bongiovanni as the regional segment head for insurance in EMEA. Based in Milan, Bongiovanni is responsible for advancing the end-to-end service proposition for the firm’s insurance clients. He reports to Akhil Jain, global head of insurance, and Jörg Ambrosius, head of EMEA. Bongiovanni joins from The Boston Consulting Group, where…
CACEIS and Amundi launch front-to-back service
CACEIS and its sister company, Amundi, have launched a front-to-back solution for asset managers and owners, offering a portfolio management platform (ALTO), dealing services, middle office, custody and fund accounting.
HSBC launches sec lending solution for TTFs
HSBC has launched new custody and fund administration technology and an operating model for tax transparent funds (TTFs), where ‘look-through’ is applied at the share class level for securities lending, in what it claims to be a market first. This approach improves the tax transparency of securities lending opportunities in TTFs for institutional investors, while…
BNY Mellon opens branch in Denmark
BNY Mellon’s European bank, The Bank of New York Mellon SA/NV, has opened a new branch in Copenhagen, Denmark. Søren Eberhard, who established the Copenhagen representative office in 2008, will become branch manager.
Sands Capital consolidates Irish UCITS admin with Northern Trust
Sands Capital Management, a U.S.-based manager with USD58bn AuM, has selected Northern Trust to provide fund administration, transfer agency, depositary and global custody services for its USD6bn Ireland-domiciled UCITS umbrella fund. The appointment consolidates provision of all asset servicing functions for Sands Capital Funds Plc to Northern Trust. The mandate builds on Northern Trust’s existing…
Carne appoints Marty Dobbins as non-executive director in Luxembourg
Carne Group, the Ireland-based provider of fund management solutions, has appointed Marty Dobbins as a non-executive director of its Luxembourg fund management company. Dobbins, who is the CEO of Sage Advisory, s.a.r.l, was formerly CEO & country head for State Street in Luxembourg. Earlier this year Dobbins was appointed as a director of Gen II…
SGSS launches Fund Alerts to support fund liquidity management
Société Générale Securities Services has launched Fund Alerts, a real-time liability fund management and liquidity risk prevention solution for asset managers. The service provides an instantaneous view of fund liability movements via various customised alerts across the following times: In real-time on subscription orders or redemptions received At closure of the fund on the inflow/outflow…
BP2S adds CLSA to broker panel for China-Hong Kong Stock Connect
BNP Paribas Securities Services has confirmed CLSA, the Kong Kong-based subsidiary of CITIC Securities, as the latest partner broker for its multi approved partner broker (MAP) model for the China-Hong Kong Stock Connect scheme. The MAP model allows investors to choose from a variety of brokers whilst benefiting from guaranteed real DvP settlement through internalised…
Citi to administer SLAM’s first Hong Kong-registered index fund
Citi has been appointed by Sun Life Asset Management (HK) Limited as trustee, custodian, fund administrator and transfer agent for the Sun Life AM Hong Kong ESG Index Fund, Sun Life’s first fund to be registered in Hong Kong. The fund will track the Hang Seng ESG 50 Index.