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…
Category: Bank Providers
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,…
BNY adds global head of marcom
BNY has appointed Steve James as global head of marketing and communications. He reports to Jayee Koffey, head of enterprise execution and chief corporate affairs officer at BNY. He joins BNY from Fannie Mae. Natalie Sunderland, who was chief marketing and communications officer, is leaving the firm. BNY also has a chief communications officer, Garrett…
State Street promotes Ambrosius
State Street has appointed Joerg Ambrosius as president of investment services, State Street’s largest business. He will retain his current duties as chief commercial officer. The role has been vacant since COO & president Lou Maiuri left at the start of 2024.
State Street launches Sharia services
State Street now offers Shariah-compliant global custody and fund administration services following the attainment of a Shariah-compliant certificate from Amanie Advisors Sdn. Bhd, a Shariah advisory firm.
JTC hires for Ireland
JTC, the C.I.-based administrator, has appointed Lloyd Collier as a senior director responsible for the growth of its institutional client services business in Ireland. Prior to joining JTC, Collier spent two decades with BNY.
BNY partners with Snorkel AI
Snorkel AI has struck an agreement with BNY to provide software, expertise and insights that help turn unstructured data into actionable insights and solutions for clients. Snorkel AI is a California-based AI data development specialist, helping companies move from legacy manual efforts to a programmatic approach for more affordable, scalable and secure AI model creation.
TDCC appoints Citi
Citi has been appointed by the Taiwan Depository & Clearing Corporate (TDCC) to provide global custody services. The selection comes as TDCC implements a new centralised custody platform to improve asset safety for local investors holding overseas investments via local brokers.
BNY appoints Lux country head
BNY has appointed Brian McMahon as Luxembourg country head & EMEA head of alternative business development. McMahon, who has been with BNY for nearly 13 years, was previously global head of alternative business development. He replaces Brenda Bol, who left earlier this year to join Cecabank.
NT wins new ITS mandate
True Potential, a UK-headquartered wealth management firm, has expanded its relationship with Northern Trust to include outsourced trading via its Integrated Trading Solutions solution. Northern Trust will assume the trading function across True Potential’s internally managed funds with approximately GBP6.1bn (USD7.8bn) AuM. Northern Trust currently provides fund accounting, transfer agency, custody and depositary services to…