Following the departure of Harry Samuel, the CEO of RBC Investor & Treasury Services, Francis Jackson has assumed the newly created role of CEO of the investor services business globally. Jackson initially reports to Doug McGregor, CEO of RBC Capital Markets and group head, RBC Capital Markets and RBC I&TS. Following McGregor’s retirement in January…
Category: Bank Providers
BNY Mellon launches 24×5 ETF dealing for Irish funds
BNY Mellon has introduced extended dealing hours for Irish-domiciled UCITS ETFs to support the distribution of these products globally. Known as 24×5 ETF Dealing, hours are extended to ETF issuers through BNY Mellon’s transfer agency hubs in Singapore and Syracuse, New York. This means issuers can now deal Irish UCITS ETFs from Monday morning in…
Northern Trust launches securities loan pricing engine
Northern Trust has developed a securities lending pricing engine that uses machine learning and advanced statistical techniques to support revenue growth for clients by more effectively forecasting loan rates.
Northern Trust launches investment analytics tool
Northern Trust has launched a new investment analytics tool to provide institutional investors with further insights when tracking and analysing risk and performance across their portfolios. This latest enhancement – Performance RADAR – is a proprietary reporting tool offering an intelligent user experience for accessing performance, attribution, contributions and ex-post risk results online across individual…
Citi merges equities with PFSS business
30JUL19: Citi is merging its equities and prime, futures and securities services business lines. The motivation, in part, is in reaction to increasing client demand for end-to-end solutions supporting pre-trade, execution and post-trade. The new organisation – Equities and Securities Services (ESS) – will include broad trading and execution capabilities for electronic and complex structured…
UAE-based Introspect Capital appoints Northern Trust
29JUL19: Dubai-based asset manager Introspect Capital has appointed Northern Trust to provide global custody and brokerage services. Founded in 2017, Introspect Capital invests primarily in equities across the Middle East, North Africa and South Asia.
Northern Trust launches agency options trading desk
25JUL19: Northern Trust has established a dedicated options trading desk within its institutional brokerage business. The Chicago-based options desk provides institutional clients globally with options trading and streamlined reporting for prime brokerage. Options trading at Northern Trust is offered through an agency model with no principal trading operation. Northern Trust executes more than USD350bn notional…
Leadenhall Capital Partners appoints U.S. Bank as Irish UCITS depositary
23JUL19: U.S. Bank has been appointed as depositary services provider for the Leadenhall UCITS ILS Fund PLC. In this role, U.S. Bank will provide asset safekeeping, fiduciary oversight and cash monitoring to Leadenhall Capital Partners LLP. Through its global fund services business, U.S. Bank will also act as the principal administrator of fund accounting, financial…
Hermes appoints Northern Trust for FX management in Ireland
23JUL19: Northern Trust has been appointed by Hermes Investment Management to provide currency management services for its Irish fund range. Ian Kennedy, COO, Hermes Investment Management, said: “Northern Trust have been able to automate our sophisticated currency management investment process and deliver comprehensive reporting and analytics for us. This has increased operational efficiency and enhanced…
Pzena IM extends NTRS relationship to Ireland
22JUL19: Pzena Investment Management, a U.S.-based money manager with USD37.4bn AuM, has selected Northern Trust as fund administrator and global asset servicing provider for its Ireland-domiciled UCITS funds. The appointment extends Pzena’s existing relationship in the U.S. and Australia with Northern Trust.