BNY Mellon has appointed Robin Vince as a vice chair and CEO of global market infrastructure. Vince will report to Todd Gibbons, CEO of BNY Mellon, and will join BNY Mellon’s ExCo. He will have oversight of BNY Mellon’s clearance and collateral management, treasury services, markets and Pershing businesses. He joins from Goldman Sachs, where…
Category: Bank Providers
BP2S partners with Digital Asset in Asia Pacific
BNP Paribas Securities Services has established a partnership with Digital Asset to design a number of real-time trade and settlement apps using DAML smart contracts. The new apps will provide market participants in Asia Pacific with real-time access to the Australian Securities Exchange (ASX) and Hong Kong Exchange (HKEX)’s anticipated DLT-based trading and settlement platforms.…
Milestone hires Marian Azer to head Asia Pacific
Milestone Group, the fund industry fintech firm, has hired Marian Azer as managing director for Asia Pacific, based in Sydney. Reporting to London-based CEO Paul Roberts, Azer will have overall responsibility for market engagement, client success and go-to-market strategy across APAC, with particular emphasis on the Australian and New Zealand markets. Most recently, she was…
State Street makes board appointments in Saudi Arabia
State Street Saudi Arabia Financial Solutions, a subsidiary of State Street, has appointed Haifa Al Khaifi as chairperson of the board, and Rasha Saleh to the board of directors. Al Khaifi serves as the chief financial officer of Oman’s leading oil and gas exploration and production company, Petroleum Development Oman (PDO). Saleh was most recently…
Northern Trust appoints senior officers for ME&A
Northern Trust has appointed Areej Al-Mokbel as chief operating officer for the Middle East and Africa, responsible for overseeing business operations in Riyadh and Abu Dhabi. Al-Mokbel has spent over 12 years working in asset management and asset servicing, holding senior management and business leadership positions with HSBC Saudi Arabia. Prior to that, she held…
RBC to service Presima’s real estate yield fund
RBC Investor Services has been appointed to provide custody and administration services for the Presima Yield Fund. Headquartered in Montreal, Presima focuses on real estate securities, and is a wholly-owned subsidiary of MLC Asset Management.
France’s Sunny AM takes SGSS’s CrossWise solution
Sunny AM, a French asset management firm, has chosen SGSS’s CrossWise front-to-back service for its middle office and for the provision of the front office portfolio management system SimCorp Dimension. SGSS is already the custodian, trustee and fund administrator of all Sunny AM funds.
Citi wins domestic fund custody licence in China
Citi has received a domestic fund custody licence from the China Securities Regulatory Commission (CSRC). The announcement makes Citi the first U.S. bank, and the first bank among the top five global custodians, to be granted such a licence, which will enable Citi to provide custody-related services to both mutual funds and private funds domiciled…
CACEIS signs deal with FIS for payments hub
CACEIS has signed a long-term deal with FIS for an enhanced payment hub. The FIS Open Payment Framework is a real-time payments platform that supports ISO 20022 payments standards. In addition to ISO 20022, the platform will support SEPA credit transfer, direct debit and instant payments, as well as SWIFT gpi and high-value payments.
iA Financial expands relationship with CIBC Mellon
CIBC Mellon has been selected by iA Financial Group to provide an array of fund services, asset servicing and data solutions. CIBC Mellon will provide services including fund accounting and administration, custody, securities lending administration, and foreign exchange processing and settlement. The iA Financial Group technology and operational transformation mandate also encompasses integration of the…