Northern Trust has named Alison Pain as chief technology officer (CTO) for Europe, Middle East & Africa. Based in London, Pain will lead the planning, organisation, direction and control of the enterprise technology business unit across EMEA. She reports to Tom South, chief information officer at Northern Trust, with a local reporting line to Teresa…
Category: Bank Providers
Washington Capital appoints U.S. Bank to administer new feeder funds
Washington Capital has appointed U.S. Bank to provide custody, fund administration and fund accounting services to newly formed feeder funds that will invest into a select group of third-party fund managers. In addition, Seattle-based Washington Capital will continue its relationship with U.S. Bank to service its RIA clients. Washington Capital is an investment advisor with…
BNP Paribas partners with BlackRock’s Aladdin for E2E solution
BNP Paribas has entered into an alliance with BlackRock Solutions to offer an integrated, front-to-back investment management solution via Aladdin Provider. The alliance combines BP2S’s middle office, fund administration and custody services with Aladdin’s investment management infrastructure. The model is already live with BNP Paribas Asset Management, a mutual client.
State Street forms alliance with Virtus for CDO/CLO processing
State Street has formed an alliance with Virtus from FIS to provide collateralized loan obligation (CLO) and collateralized debt obligation (CDO) technology management solutions to clients in the United States and Europe. Through this alliance, State Street will leverage Virtus’ business process-as-a-service solution to provide services jointly to CLO and CDO clients. Virtus will deliver…
Citi hires Chay Thurlow to head global custody operations
Citi has appointed Chay Thurlow as global head of custody operations. Based in London, he reports to Brian Ovaert, global head of securities services & issuer services operations. He joins from Deutsche Bank, where he spent more than 10 years, most recently as the head of securities and trust & agency operations. He fills the…
CACEIS and Amundi joins forces for front-to-back solution
CACEIS has partnered with Amundi, the French asset manager, to offer a front-to-back outsourcing solution for asset owners and managers. This brings together Amundi Services’ ALTO portfolio management platform with CACEIS’ middle office and back office services. Both CACEIS and Amundi are owned by Crédit Agricole.
BBH appoints Keith Haberlin as head of fintech
Brown Brothers Harriman has appointed Keith Haberlin as head of fintech, with responsibility for fintech products, execution, relationship management and sales. The fintech business provides middle office technology and services to asset managers, including Infomediary technology for data messaging and connectivity. Haberlin takes over from Mike McGovern, who has served in the role since 2017.…
CIBC Mellon appointed as custodian for two more Bank of Canada programs
Following its recent appointment as custodian for the Bank of Canada’s commercial paper purchase program, CIBC Mellon has been mandated to provide custody for the Bank of Canada’s corporate and provincial bond purchase programs.
BNY Mellon launches end-to-end solution for ActiveShares ETFs
BNY Mellon has launched an end-to-end technology solution to support ActiveShares non-transparent actively managed exchange-traded funds. This solution delivers a digital workflow from order placement through execution of underlying securities associated with creation and redemption activity. It incorporates the authorized participant representative (APR) and verified intraday indicative value agent (VIIV Agent) in daily ETF workflows…
Citi appoints Larissa Sototskaya to head Lux custody & fund services
Citi has appointed Larissa Sototskaya as the Head of Luxembourg custody and fund services (CFS). She will report to Pervaiz Panjwani, EMEA head of custody and fund services, and locally to Alberta Brusi, Luxembourg country head. She joined Citi in 2010 and most recently led global client service across the securities services franchise. The post…