Gen II has appointed Beverly Shealy as head of waterfall solutions. She was previously at J.P. Morgan. Gen II has signed a long-term licensing agreement with S7 Fund Ops, a provider of automated waterfall solutions for private capital funds.
Category: Bank Providers
U.S. Bank hires from BNY
Sophia Long has joined U.S. Bank as senior product manager in Europe for its global fund services business, based in Dublin. She was previously at BNY.
Jupiter consolidates with BNY
BNY has signed a multi-year agreement with Jupiter Fund Management, a UK-based active asset manager, to provide operational services. Jupiter has consolidated back-office services for its offshore jurisdictions with BNY as well as outsourcing its middle office operations. BNY will now provide custody, fund administration, transfer agency and depositary services, as well as middle office,…
BBH partners with SimCorp
BBH has struck an alliance with SimCorp, the Deutsche Börse-owned fintech, to address the needs of global asset managers requiring an integrated, end-to-end technology, data, and services solution. The solution uses BBH Infomediary to integrate SimCorp One’s front and middle office capabilities, including a real-time IBOR provided by SimCorp’s managed business services, with BBH’s fund…
NTRS appoints Canada country head
Northern Trust has appointed Katie Pries as country executive for Northern Trust’s asset servicing business in Canada, based in Toronto. Pries previously served as president and CEO of Northern Trust Canada from 2020 to 2025. She succeeds Jeff Alexander, who has left Northern Trust to pursue other opportunities.
Gen II hires private credit team
Gen II Fund Services, an independent private capital fund administrator with >USD1trn AuA, has hired Leslie DeRoss and her specialist team to lead and expand the firm’s private credit offering. DeRoss joins Gen II from U.S. Bank.
OCBC deploys Citi’s sec lending platform
OCBC Group, the Singapore-based bank, has deployed the Citi Securities Lending Access platform, to roll out a securities lending programme. The programme is available to retail and corporate customers of OCBC Securities, as well as clients of its private banking arm, Bank of Singapore,
BNPP hires HF head
Peter Herrlin has joined the securities services business of BNP Paribas as global head of hedge fund services. Based in London, he reports to Patrick Hayes, global head of alternatives investors, securities services, and locally to Julien Kasparian, regional head for the UK and Middle East, securities services. He joins from Northern Trust.
BNY loses senior AO manager
BNY has lost a senior manager from its already underpowered asset owners team. Anders Reinertsen, who was head of the asset owners sector for the Americas, has joined Clearwater Analytics as market principal for asset owners, based in New York.
Apex hires Canada country head
Apex has appointed Alex Dameski as country head for Canada. He joins from Northern Trust Canada, where he served as chief strategy officer and chief client officer.