BBH has partnered with Euroclear to provide SWIFT message transformation and network connectivity for its new bilateral repo service. To effectively communicate with custodians across inter-dealer markets, Euroclear is deploying BBH Infomediary Data Solutions, a set of data management capabilities that help financial institutions overcome their operating model challenges across their network of providers. The…
Category: Bank Providers
BNPP partners with Broadridge
BNP Paribas’ securities services business has partnered with Broadridge to expand its global custody services, appointing Broadridge as service provider for its global securities class action services.
NPS goes live on Aladdin
NPS, the Korean pension system, has gone live on BlackRock‘s Aladdin platform, integrating State Street‘s and BNY’s middle office and investment operations services for equity and fixed income assets respectively.
Alchemy expands with NTRS
Alchemy Partners is expanding its relationship with Northern Trust to deliver asset servicing solutions for its latest special opportunities fund, Alchemy Special Opportunities Fund V L.P. (ASOF V). ASOF V surpassed Alchemy’s fundraising target, securing total commitments of c. EUR1bn (c. USD1.03bn). Based in London, Alchemy is a private equity firm specialising in investing in…
GW&K selects BNY
GW&K, a Boston based institutional asset manager and wealth advisor, has selected·BNY’s accounting and performance platform, including a ledger, and a reconciliation workflow, automation, and reporting framework. The software will be integrated with GW&K’s trade order management and data platforms.
HUB wins new mandate
HUB, the fund services provider in which State Street has a stake, has been appointed by Gresham House Ireland to provide HUB Performance Reporting, a SaaS solution designed to automate and simplify performance reporting and factsheet production. Gresham House Ireland, an alternative asset manager, will use HUB to automate performance reporting, standardise factsheet generation, and…
Northern Trust expands relationship with First Sentier
Northern Trust has been appointed to provide asset servicing solutions to Igneo Infrastructure Partners as its global private capital administration partner. Igneo manages USD20bn of assets. It is the direct infrastructure investment team of the First Sentier Investors Group, a major Northern Trust client. Northern Trust will deliver solutions servicing Igneo’s funds domiciled in Australia,…
Senior BBH exec joins SimCorp
SimCorp, the fintech owned by Deutsche Börse, has appointed Keith Haberlin as global head of business services, sales. Based in Boston, Haberlin joins from BBH, where he was co-head of Infomediary Data Solutions.
CIBCM reaches AuA milestone
CIBC Mellon has surpassed CAD3trn (USD2.1trn) in AuA. The last reported AuA number for RBC Investor Services, its main competitor in Canada, was CAD2.6trn.
IDR hires from BNY
IDR, a private markets investor onboarding platform, has hired Kevin Skorzewski as senior commercial development director, based in New York. He joins IDR from BNY where he led the bank’s alternative asset managers business development team for the Americas.