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…
Category: Bank Providers
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.
BNY expands digital assets platform
BNY has expanded its Digital Asset Platform with the launch of Digital Asset Data Insights, designed to deliver both on- and off-chain data across blockchain networks. With the data on-chain capability, BNY will broadcast select fund accounting data to the Ethereum network, enabling further utility of public blockchains. Using smart contract technology, BNY will automate…
HSBC hires top J.P. Morgan exec
HSBC has hired Jane Masen as global head of custody, effective immediately. She is based in London, reporting to Fiona Horsewill, global head of securities services. She joins from J.P. Morgan, where she was global head of network management. Suvir Loomba has been global head of custody since 2022, and will continue in his role…
BNPP moves closer to Bloomberg AIM
BNP Paribas has unveiled further integration of its multi-asset servicing capabilities with Bloomberg AIM, a buy-side order and investment management technology solution. The extended feature enables additional direct, standardised data connectivity between global fund accounting solutions and Bloomberg AIM, facilitating front-to-back data integrations for mutual buy-side clients. The solution has been deployed to several EMEA…
HSBC supports ZKB’s ETF launch
Zürcher Kantonalbank, Switzerland’s largest cantonal bank, has listed four ESG ETFs on the SIX Swiss Exchange. Three are domiciled in Ireland and one in Switzerland. HSBC is acting as AP and providing custody, depositary, fund administration and transfer agency services for the three ETFs domiciled in Ireland, which make up ZKB’s inaugural Ireland-domiciled ETF umbrella.
Euroclear adopts BBH API
Euroclear has adopted the BBH account opening API. Account opening requests and confirmations can now be sent electronically between BBH and Euroclear using the API, resulting in faster account opening times and a more scalable process for the platform. This reduces the time it takes to get money flowing into funds, giving the end investor…