Challenger Limited, the publicly listed Australian investment management firm, has appointed State Street to provide custody and, through State Street Alpha, back-, middle- and front office investment administration services, for a suite of listed and unlisted investment vehicles with AUD127bn (USD85bn) AuM. Challenger will be one of the largest investment managers in the region to…
Category: Bank Providers
ZILO hires COO
A major coup for ZILO, the UK-based fintech focused on TA and the client experience, which has appointed Jon Willis as COO. With 30 years of extensive industry experience across finance and technology sectors, he will report to CEO, Phil Goffin. He joins from HSBC Securities Services, where he was most recently global head of…
Collett joins Citco
Mark Collett has joined Citco as an SVP, business development, based in the UK. Collett spent over 12 years at Northern Trust, most recently as head of South East Asia business development.
Citi promotes Gramuglia
Citi has appointed Eduardo Gramuglia Pallavicino as the Citi country officer (CCO) & banking head for Luxembourg. His appointment is effective immediately, subject to regulatory approvals. He will continue in his current role as securities services head for Luxembourg. He joined Citi in 2023 as securities services head of Belgium, Netherlands and Luxembourg. Cilian O’Gogain,…
FNZ changes senior management team
FNZ, the end-to-end global wealth management platform, has appointed a new senior management team following the decision of Adrian Durham, FNZ’s founder, to transition from his role as group CEO to a non-executive role as founding director and senior advisor. He will continue to sit on the group board and will remain a significant shareholder…
NTRS adds energy to platform
Northern Trust has upgraded its platform to support asset managers who trade spots, forwards, futures and physical contracts in energy and physical commodities. The new energy and physical commodities offering will be available through Omnium, Northern Trust’s middle office and accounting platform.
NDF appoints Northern Trust
The National Development Fund (NDF) has appointed Northern Trust in Saudi Arabia as custodian. Northern Trust will support consolidation of the assets and books and records of all development funds and banks in the Kingdom of Saudi Arabia under a unified portfolio estimated at more than SAR60bn (USD16bn). The NDF was established to improve the…
State Street signs with Taurus
State Street has signed an agreement with Taurus SA, the Switzerland-based provider of digital asset infrastructure, to deliver digital assets capabilities for State Street’s clients. Subject to receipt of applicable regulatory approvals, State Street will leverage Taurus’ custody, tokenisation and node management solutions to automate the issuance and servicing of digital assets, including digital securities…
Nedgroup Investments selects Northern Trust
Northern Trust has been selected to provide outsourced trading via its Integrated Trading Solutions (ITS) for Nedgroup Investments, a global asset management firm with >USD20bn AuM. Nedgroup Investments is a division of Nedbank Group Ltd. Northern Trust will support Nedgroup Investments’ new in-house multi-boutique platform which specialises in fixed income. The premier fund on the…
JTC acquires Buck businesses
JTC, the C.I.-based professional services provider, plans to acquire the Buck UK and European share plan administration and trustee businesses (Buck Share Plans) from Arthur J. Gallagher & Co, a global insurance brokerage, risk management and consulting services firm. Completion is subject to regulatory approvals. The acquisition will add 16 employees based in the UK,…