Goldman Sachs Asset Management has appointed BNY Mellon to provide buy-side trading services for a division of its EMEA business. As part of the agreement, BNY Mellon is delivering global trade execution services in EMEA, U.S. and APAC markets across fixed income, FX, derivatives and ETFs. BNY Mellon’s Buy-Side Trading Solutions unit supports institutional clients…
Category: Bank Providers
BBH adopts Pirum’s Recalls Manager
BBH has adopted the Recalls Manager module from Pirum, the post-trade services fintech that focuses on the securities finance industry. BBH has implemented Recalls Manager to reduce securities lending fails and leverage automation and real-time coverage to promote a smooth transition to the shortened T+1 settlement cycle. This expands BBH and Pirum’s long-standing relationship. BBH…
Waystone gets FCA approval for LTAF
Waystone, the European provider of specialist services to the asset management sector, has confirmed that the FCA, a UK regulator, has approved the WS Fulcrum Diversified Private Markets (H) Long Term Asset Fund (LTAF), a sub-fund of the WS Fulcrum LTAF. Waystone is the first independent ACD to have an LTAF approved by the FCA.…
Terri Van Praagh to retire from NT
Terri Van Praagh is to retire from Northern Trust after a 41-year career in financial services. Van Praagh, who was most recently chief operating officer of Northern Trust’s global fund services business in the UK, will be replaced by Paul Smith, who is currently head of the GFS transformation office. He will report to Laurence…
BBH hires from BNY Mellon
Brown Brothers Harriman has hired Matthew Rouse as European head of product for financial institutions clients. Prior to joining BBH, Rouse spent eight years with BNY Mellon.
BNPP wins ETF mandate in Asia
BNP Paribas has been appointed as custodian and administrator for the newly launched Phillip-China Universal MSCI China A 50 Connect ETF which will be listed on the Singapore Exchange (SGX). This ETF aligns with the recently established ETF product link between SGX and the Shanghai Stock Exchange (SSE).
BNPP launches e-learning modules
BNP Paribas’ securities services business has rolled out new learning modules on NeoLink, its client web portal, aimed at providing institutional clients with deeper knowledge about the securities services industry. The newly introduced e-learning modules cover asset servicing topics, including custody, securities lending, investment funds, and depositary services. Each e-learning module, available in English, French…
IQ-EQ hires CCO for France & Switzerland
IQ-EQ, the Luxembourg-based administrator, has appointed Romain Mifsud as chief commercial officer for France and Switzerland. With 14 years’ experience in the private market industry, Mifsud specialises in private equity, real estate, private debt and securitisation. Prior to joining IQ-EQ, he was at SGSS in Paris, where he was responsible for the development of a…
SSBI extends and expands with SimCorp
State Street Bank International GmbH (SSBI) has agreed to expand and extend its partnership with SimCorp in Germany. Under the agreement, SimCorp will supply key technology components to SSBI for its accounting servicing, fund administration and data processing services that are provided predominantly to asset managers in Germany (KVG clients), including platform enhancements for corporate…
BBH enhances data solutions platform
BBH has launched the latest iteration of Infomediary Data Solutions, an expanded suite of solutions that brings together data management technology and managed services to help asset managers and financial institutions take full control of their data. Infomediary Data Solutions builds on BBH’s Infomediary data integration capabilities by combining BBH’s data management platform and asset…