Equity Trustees, an Australian trustee company, has appointed State Street for custody and investment administration services for funds managed by Equity Trustees Wealth Services Limited. State Street will provide custody, fund accounting, regulatory reporting, compliance and tax services across a range of managed investment schemes and trusts.
Category: Bank Providers
Olga Jordão appointed head of State Street’s Paris branch
State Street has appointed Olga Jordão as manager of its Paris branch. Jordão will report to Stefan Gmuer, chief executive officer for State Street Bank International GmbH. Jordão will be responsible for managing the global services business in France.
Charles River appoints Spiros Giannaros as president
Charles River Development, a State Street company, has appointed Spiros Giannaros as president. In this role, Giannaros will be responsible for day-to-day operations of the company including product, development, sales and services for the Charles River Investment Management Solution. He will report to John Plansky, CEO. Most recently, Giannaros was head of platform strategies at…
Equity Trustees expands relationship with State Street in Australia
Equity Trustees, an Australian trustee company, has appointed State Street for custody and investment administration services for funds managed by Equity Trustees Wealth Services Limited. State Street will provide custody, fund accounting, regulatory reporting, compliance and tax services across a range of managed investment schemes and trusts.
RBC Investor Services to exit Australia, signs MoU with Citi
Citi has signed a memorandum of understanding with RBC in Australia that gives Citi the right to negotiate with RBC’s clients following the Canadian bank’s decision to withdraw from the investor services business in the country. RBC has been in Australia since 2001, when it acquired Perpetual Fund Services, and as recently as this year…
HSS launches blockchain platform for private asset recordkeeping
HSBC Securities Services has launched Digital Vault, a custody blockchain platform to digitise the transaction records of private placements. The platform will enable global custody clients to access details of their private assets, including equity, debt and real estate, directly and in real-time instead of having to request a search of paper-based records. HSS says…
U.S. Bancorp to sell Quasar Distributors to Foreside
Foreside Financial Group, LLC, the U.S.-based provider of regulatory and compliance service and technology offerings to clients in the global asset and wealth management industry, intends to acquire U.S. Bancorp’s mutual fund and exchange-traded funds distribution business, Quasar Distributors. The transaction is expected to close in the first quarter of 2020. The acquisition will also…
State Street hires HSBC’s Cara Brosnan to head sector solutions for Aus & SE Asia
State Street has hired Cara Brosnan as head of sector solutions, Australia and Southeast Asia, a newly created role. Brosnan is based in Sydney, and leads sales across all of State Street’s products and client sectors including asset managers, asset owners, insurance, official institutions and alternatives in Australia and Southeast Asia. She reports to Jason…
CACEIS to provide depositary services to Fondazione ENPAIA in Italy
CACEIS, the asset servicing banking group of Crédit Agricole, has been appointed to provide depositary bank and related services by Fondazione ENPAIA, the National Social Security Institute for Agriculture Industry Workers in Italy. ENPAIA has over 38,000 subscribers and more than EUR1.5bn in assets under management.
Noor Adhami appointed MENAT head for HSBC Securities Services
HSBC Securities Services has appointed Noor Adhami as head of MENAT, in addition to her current role as head of global liquidity and cash management for MENAT. She will continue to report on a functional basis to Diane Reyes, global head of global liquidity and cash management, and on an entity basis to Gareth Thomas,…