The University of Victoria (UVic) has appointed Northern Trust Canada to provide trustee, global custody, pension benefit payments and associated services for approximately CAD2.0bn in pension and foundation assets.
Category: Bank Providers
BNY Mellon appoints Daron Pearce to lead asset servicing strategic growth
BNY Mellon has appointed Daron Pearce as head of asset servicing strategic growth. In this newly created global role, he will focus on identifying and accelerating both inorganic and new market entry opportunities. He moved to the new role on 1 June, reporting to James Slater, global head of business solutions. Pearce was previously head…
BBH appointed to service new Allianz Buffered Outcome ETFs
Brown Brothers Harriman has been selected by Allianz Investment Management, a wholly owned subsidiary of Allianz Life Insurance Company of North America, to provide custody, accounting, administration, TA and order taking services for its new Buffered Outcome ETFs. The first two U.S. ETFs were listed on the NYSE on June 1, with plans for additional…
BNP Paribas to act as depositary for new FII SGR PE fund in Italy
BNP Paribas Securities Services has been selected by Fondo Italiano d’Investimento SGR (FII SGR) to provide depositary banking services to its Fondo Italiano di Minoranze per la Crescita, a new private equity fund dedicated to minority investing. FII SGR was created in 2010 at the initiative of the Italian Ministry of Economy and Finance and…
BNY Mellon to service Legg Mason’s first semi-transparent ETF
Legg Mason and its affiliate, ClearBridge Investments, have launched Legg Mason’s first exchange-traded fund using the semi-transparent technology of Precidian Investments LLC, ActiveShares. BNY Mellon has been appointed to provide its new end-to-end digital solution to support the ETF.
HSS in India launches DerivEasy for F&O trade management
HSBC Securities Services in India has launched DerivEasy, a web platform that will allow HSBC’s institutional investors to get access to near real-time information on their futures and options trades. DerivEasy aims to simplify the trade validation process, whilst supporting investors in monitoring of margin requirements on existing and prospective trades, collateral utilisation, and position…
Northern Trust links to Aladdin
Northern Trust has struck an alliance with BlackRock to deliver operations, data, and servicing capabilities to mutual clients. These new capabilities, delivered through Aladdin, BlackRock’s investment management and operations platform, aims to provide clients with increased efficiency, interoperability and transparency across the back, middle and front office. The relationship with BlackRock currently supports mutual clients…
J.P. Morgan forms alliance with Bloomberg
J.P. Morgan Securities Services and Bloomberg have formed an alliance that brings together Bloomberg AIM, an investment and order management system, with J.P. Morgan’s back-office technology. The offering is now live and in production with the first joint client and is being made available to other buy-side clients.
BNY Mellon hires Ben Slavin to run global ETFs
BNY Mellon has hired industry maven Ben Slavin as global head of exchange-traded funds for its asset servicing business. Before joining BNY Mellon, Slavin founded Original Six LLC, an independent global consulting business focused on ETFs, digital assets, and innovative product structures. Prior to this, he was head of product and business development at WisdomTree…
TIH appoints HSBC for middle office, custody and fund admin services
TIH Investment Management Pte. Ltd, a private equity firm based in Singapore, has appointed HSBC Securities Services to provide administration services, including middle office, global custody and fund administration. TIH recently launched a new Asian active engagement fund, which will be equity long-only with a pan-Asian focus on small to mid-cap companies. HSS will be…