State Street has hired Mark Wightman as head of strategic transformation, based in the UK. He was most recently at EY.
Category: Bank Providers
Legrand promoted at IQ-EQ
IQ-EQ has promoted John Legrand to CEO of EMEA, based in the UK. Legrand, who was previously deputy group CEO, has been at IQ-EQ for over six years, previously spent more than 10 years at BNY.
BNY moves to tokenise deposits
BNY has taken the first step in its strategy to tokenise deposits by enabling the on chain mirrored representation of client deposit balances on its digital assets platform. Early participants include financial institutions and digital natives. Beginning with collateral and margin workflow use cases, this launch extends BNY’s cash capabilities by creating on-chain digital book…
Columbia Threadneedle appoints State Street
State Street has been appointed to service Columbia Threadneedle Investments’ newly launched UCITS actively managed ETFs. State Street will provide services including custody, depositary, fund accounting, ETF basket creation, create/redeem order management, ETF settlement, transfer agency and reporting. In 2025 Columbia Threadneedle Investments, the global asset management group of Ameriprise Financial, Inc., appointed State Street…
U.S. Bank forms new business enablement team
U.S. Bank has formed a new business enablement team within its wealth, corporate, commercial, and institutional banking operations. It is responsible for ensuring alignment, communication and execution of strategic initiatives between operations and internal business lines, while also serving as strategic liaison between WCIBO and external industry stakeholders such as banks, fintech partners and industry…
BNY appoints new Korea chief
BNY has appointed Phillip (Bongkyun) Suh as Korea country manager and Seoul branch manager, subject to regulatory approval. He succeeds Hyon Joo Park, who will retire in March after more than six years at BNY. He joins from Samsung Asset Management, where he was CEO.
Citi poaches IT chief from BNY
Matthew Yazdi has been appointed as head of investor services technology for Citi. He is based in New York. He joined from BNY Mellon.
AP3/AP4 retool with SimCorp
The third and fourth Swedish National Pension Funds (AP3 & AP4) have completed a comprehensive modernisation of their system infrastructure through a new, integrated front-to-back solution from SimCorp. This replaces multiple systems that support the entire workflow – from analysis and order placement to portfolio management, risk, performance, compliance, and financial reporting. The transition to…
BBH to service Quoniam ETFs
Quoniam Asset Management, a Germany-based asset manager and a subsidiary of Union Investment, has launched Union Investment’s first actively managed ETFs. The two funds will be marketed under the new UniActive Q label. The UniActiveQ ETF range has been launched on AllFunds’ AllSolutions ETF platform, with BBH appointed as custodian and fund administrator. BBH in…
M&G launches active ETFs
M&G Investments has launched the first in a new range of fixed income active ETFs, marking the first phase of a broader roll out. These are backed by a GBP350m (USD468m) investment from M&G’s life business on behalf of several underlying client funds and funds from the multi asset range. The funds are domiciled in…