Eastspring Investments, the Asia-based manager owned by the UK’s Prudential, has appointed HSBC to provide middle office outsourced services and support its growth ambitions across multiple Asian markets, including Singapore and Malaysia. HSBC’s MO services will be integrated into BlackRock’s Aladdin platform, which Eastspring has been using since 2019. HSBC’s securities services relationship with Eastspring…
Category: Bank Providers
New CEO for NT Canada
Jeff Alexander has joined Northern Trust as president and CEO of The Northern Trust Company, Canada, and principal officer of the affiliated The Northern Trust Company, Canada Branch, based in Toronto. Alexander reports to Melanie Pickett, head of asset servicing, Americas and, as a director, to the board of directors of The Northern Trust Company,…
New chairman at CACEIS
The board of directors of CACEIS has appointed Jean-François Balaÿ, CEO of Crédit Agricole CIB, as chairman of the board of CACEIS, whose CEO is Jean-Pierre Michalowski. Balaÿ takes over from Xavier Musca.
TMF appoints NA chief
TMF Group, a Netherlands-based provider of financial and corporate services, has appointed Ellen Stiene as market head for North America and the Caribbean. Her career spans executive roles at leading financial institutions, including Citi, J.P. Morgan and, most recently, Wells Fargo.
New head of securities services at SIX
Rafael Moral Santiago is to join the SIX Group executive board as head of securities services. He left HSBC in 2024 and has also worked at Deutsche Bank.
Schroders appoints BNPP
BNP Paribas has won a mandate from Schroders, on behalf of Future Growth Capital, a private markets business formed by Phoenix Group and Schroders to provide UK pension schemes with access to UK and global private markets. BNP Paribas will provide fund administration, global custody and loan administration services in the launches of two new…
Stillabower joins Euroclear Bank board
Paul Stillabower has been appointed as an independent, non-executive board member of Euroclear Bank SA/NV. He will also be risk committee chair. Stillabower has a storied career in the investor services industry, having worked at HSBC and, most recently, RBC before the acquisition of its investor services business by CACEIS. He remains based in the…
NTRS wins LTAF mandate
Northern Trust has been appointed to provide Partners Group with fund administration, depositary, and banking services for its first LTAF. Based in Switzerland, Partners Group is one of the largest firms in the private markets industry with over USD150bn AuM. The new LTAF, the Partners Group Generations Private Credit LTAF, focuses on providing defined contribution…
Citi & SDX collaborate on private assets
Citi and SDX are collaborating on a project for global issuers and investors. Citi will be tokenising, settling and safekeeping assets on SDX’s digital CSD platform and will bring late-stage pre-IPO equities to institutional and eligible investors on the platform. Expected to be live by the third quarter of 2025, Citi and SDX are developing…
Northern Trust joins Ensemble
Northern Trust has joined Project Ensemble, a Hong Kong Monetary Authority initiative, to help develop an experimental framework for cross-border trading of digital carbon credits. The collaboration aims to explore how overseas investors can access tokenised voluntary carbon credits traded in Hong Kong. The project will be supported by the Northern Trust Carbon Ecosystem, a…