State Street has been appointed by Coller Capital to provide fund administration and accounting, custody, depositary services, currency management and transfer agency. Coller Capital is the largest independent investor dedicated exclusively to investing in the private capital secondaries market, with USD33bn AuM. The full-service appointment follows State Street’s initial work with Coller Capital on the…
Category: Bank Providers
alchelyst hires U.S. leader
alchelyst, the Ireland-based administrator, has appointed Shawn McMenimen to lead its business in the U.S. Based in Boston, he has previously worked at Alter Domus and Gen II after spending 19 years at State Street.
U.S. Bank adds to ETF management team
U.S. Bank has hired Lisa Korbas as head of ETF relationship management within its global fund services division. In this newly created role, Korbas will be responsible for developing, maintaining, and executing relationship strategy. She reports to Josh Jacobs, who was named chief commercial officer for ETFs earlier this year. Korbas brings 15 years of…
BNP Paribas wins PE mandate
BNP Paribas has been mandated by PAI Partners, a private equity firm investing in companies in Europe and North America, to provide depositary bank services for its eighth fund, PAI Partners VIII, representing EUR7.1bn (USD8bn). This new mandate extends PAI Partners’ long-term relationship with BNP Paribas, which already includes global custody, depositary bank and transfer…
NT hires onboarding chief
Spiro Christopulos has joined Northern Trust as global head of client onboarding, based in Boston. He previously held a similar role at State Street.
BNP Paribas wins in Australia
BNP Paribas’ securities services business has been chosen by The University of Sydney Endowment Fund to provide custody and fund administration services. The University of Sydney is the oldest university in Australia and has been operating an endowment fund since 1997, with AUD4.4bn (USD3.0bn) currently of AuM. The fund sought a new provider following the…
SLAM appoints SGSS for ELTIF
SGSS Luxembourg has been appointed as custodian, depositary bank, fund administrator, transfer agent and local representative agent by Swiss Life Asset Managers for the launch of its first ELTIF 2.0: Swiss Life Funds (LUX) Privado infrastructure S.A., SICAV-ELTIF. Earlier In 2024 SGSS was appointed by Schroders Capital as transfer agent for its new ELTIF 2.0.
Citi hires (again) from J.P. Morgan
Citi has hired Christopher Morin as global head of middle office and performance. He reports to Mike Hughes, head of fund services for Citi’s securities services business. He is based in Boston. He joins Citi from J.P. Morgan where he was most recently head of middle office product for the americas and global head of…
Pirum shakes up C-suite
Pirum, a fintech focused on securities finance and collateral management, has appointed Mark Hale as CEO. He replaces Phil Morgan, who has decided to transition from his current role into an advisory position. Hale will be based in the New York office but will be present in the London head office on a regular basis.…
HSBC promotes Fenocchi
HSBC has appointed Giovanni Fenocchi as global head of sales for the securities services business. He has had a long career with HSBC spanning client coverage, operations and risk, issuer services and, most recently, as head of asset owners & managers sales for securities services across Europe, MENA and the U.S. He replaces Alexis Meissner,…