Brown Brothers Harriman has been appointed to provide custody and fund order services for Compañia de Seguros Confuturo SA, a Chilean insurance company with USD2bn in assets abroad. In Latin America, BBH has supported pension funds, banks, insurance companies, asset managers, and third-party fund distributors in Chile, Colombia, Mexico, and Peru for almost 30 years.
Category: Bank Providers
Northern Trust wins ECO mandate
Northern Trust has entered into a service agreement with UK-based Ecosystem Certification Organisation (ECO) to provide recordkeeping and settlement services for digital carbon credit units issued to project developers under the Natural Forest Standard (NFS), which is administered and governed by ECO. Under the agreement, Northern Trust will record the Natural Capital Credits generated by…
DTCC hires from BNY
DTCC has appointed Talia Klein as head of wealth management services, reporting to Brian Steele, president, clearing & securities services at DTCC. Klein will oversee the firm’s wealth management services organisation, with responsibility for mutual fund offerings, Insurance and retirement services, and alternative investment products. Prior to DTCC, she was BNY’s head of tokenisation where…
AccessFintech launches FI settlement solution
Synergy from AccessFintach, the fintech, has launched Settlement Netting, which aims to improve operational efficiency in the fixed income markets. Synergy by AccessFintech captures data from a wide range of asset classes, including securities, derivatives, alternatives, and payments, enabling data transformations across network participants. J.P. Morgan and Citi were instrumental in the establishment of the…
U.S. Bank creates investment services division
U.S. Bank has merged its global fund services and global corporate trust teams into a single investment services division led by Jay Martin. Martin has led global fund services since joining the bank in 2023.
NTRS appoints new global head of asset servicing sales
Northern Trust has named Douglas Gee as global head of sales for asset servicing, effective 1 July. He replaces Jon Dunham, who is retiring. Gee will report to Teresa Parker, Northern Trust asset servicing president, Gee, who joined Northern Trust in 2008, currently manages the EMEA and APAC business development teams. He will remain based…
Alter Domus adds to client partnership team
Alter Domus, the Luxembourg-based provider of fund services for the private equity, real assets and private debt sectors, has expanded its key client partnerships team, appointing Kenny King as head of key client partnerships, North America, and Jane Karczewski as head of key client partnerships, EMEA. King joins from BNY, where he was global head…
Vesper selects CACEIS
Vesper Infrastructure Partners, an infrastructure investor, has appointed CACEIS to provide depositary services for its maiden fund, Vesper Next Generation Infrastructure Fund I SCSp. Vesper is still fundraising, with assets of around EUR600m (USD682m), a target fund size of EUR800m and hard cap of EUR1bn.
BNY pilots first intraday repo trade
BNY has piloted the first intraday repo trade settled through its triparty infrastructure. The USD-denominated pilot transaction, which took place in February, saw UBS borrowing cash from Swiss Re while delivering collateral via BNY’s global collateral platform.
BNPP signs with Confluence
Confluence Technologies, a technology solutions provider for regulatory, analytics, and investor communications solutions for the investment management industry, has signed a deal with BNP Paribas’ securities services to deploy its Confluence Unity Financial Reporting to support its private capital client segment.