Northern Trust has expanded its relationship with First Sentier Investors, an Australia-based asset manager with more than USD157bn AuM. Under the terms of the new mandate, Northern Trust will integrate a range of front-to-back solutions for the manager’s public market fund business in Australia, Ireland, Singapore and the United Kingdom. Services provided include custody, depositary/trustee…
Category: Bank Providers
Another new investor for Zodia
Emirates NBD has invested in Zodia Custody, the UK-based digital asset custodian. Earlier this year, NAB Ventures also became an investor for the first time.
NTRS hires senior sales manager
Northern Trust has hired Faisal Butt as a senior sales manager for EMEA, based in London. He joined from MSCI.
Another win for State Street Alpha
Harris | Oakmark has gone live with State Street Alpha, State Street’s front-to-back asset servicing platform for institutional investment managers. Harris | Oakmark, a Chicago-based investment management firm with approximately USD104bn AuM, serves as the adviser to the Oakmark Funds, a mutual fund family. The first phase of the migration focused on transaction lifecycle management…
DigitalBridge deploys HUB NAV solution
DigitalBridge has selected HUB NAV Oversight, a SaaS solution designed to optimise and automate NAV processes. DigitalBridge, a global alternative asset manager dedicated to investing in digital infrastructure, is using HUB NAV Oversight to enhance and scale its NAV oversight process. UK-based HUB is backed by a consortium that includes State Street.
BNY hires in UAE
BNY has appointed Madiha Sattar as managing director and growth ventures partner, in a global role based in the United Arab Emirates. In this newly created role, Sattar joins the leadership team of BNY’s growth ventures business. Sattar joins BNY from Careem, the MENA region’s largest tech exit.
Avanza outsources to Northern Trust
Avanza Fonder, a Stockholm-based fund company providing services for private clients, has appointed Northern Trust to provide its Integrated Trading Solutions (ITS) outsourced trading desk services. Avanza Fonder is a wholly owned subsidiary of Avanza Bank Holding. The fund company manages funds in-house and in collaboration with other managers. Northern Trust will provide outsourced trading…
BNY hires from Goldman Sachs
BNY has hired Rajashree Datta as deputy chief risk officer. She will be a member of BNY’s ExCo, succeeding Senthil Kumar as BNY’s chief risk officer in 2025, following a transition. Datta joins BNY from Goldman Sachs where she most recently served as a partner and global head of finance risk, responsible for overseeing liquidity,…
Apex partners with Ownera
Apex has partnered with Ownera, a provider of tokenisation interoperability solutions, to deliver Apex’s range of services to any financial institution and issuer with an Ownera router. Ownera’s routers interconnect many of the world’s leading tokenisation platforms, including Digital Assets Canton, R3 Corda, Besu, Quorum, and Tokeny, extending access from these environments to buy-side demand,…
BNPP links to NeoXam
BNP Paribas has launched upgraded post-trade data management services, in association with the Investment Data Solution of NeoXam, a fintech. The service provides the bank’s clients with a range of data management solutions, facilitating the flexible integration of multiple data sources, operated on NeoXam’s technology.