U.S. Bank’s investment services business has gone live with Fenergo’s Fen-X platform, which automates many of the manual processes traditionally associated with underlying investors and direct client relationships and accelerates account setup while maintaining regulatory requirements. The enhanced onboarding experience provides investors and clients with more transparency throughout the process and enables integration with other…
Category: Bank Providers
NAV signs for NTRS’ banking APIs
Northern Trust has launched APIs for its banking services, providing asset servicing banking clients with real-time access to data and services through automated connectivity. The API solution enables clients to integrate banking data directly into their operational workflows. NAV Fund Services, a U.S.-based fund alternative fund administrator, is the first client to implement the new…
BNY collaborates with Galaxy
BNY has struck a deal with Galaxy, the digital assets specialist, to advance the digital asset infrastructure for institutional markets, including support for staking, a process that allows eligible digital assets to earn rewards, on BNY’s digital asset custody platform. This will combine digital asset custody and staking within a single institutional servicing model. Eligible…
Ultimus hires CCO from BNY
Ultimus Fund Solutions has appointed Danielle Adamson as chief client officer, a newly established role focused on strengthening client experience across the firm’s public and private markets businesses. Most recently, she served as senior director of client coverage for BNY‘s asset servicing division. Prior to BNY, she spent 16 years at State Street.
RBC promotes Paul Burd
RBC Investor Services has promoted Paul Burd to chief operating officer, located in Toronto. He was previously head of client operations.
BNY invests in LemonEdge
LemonEdge, a fund accounting platform for private markets, has completed a USD21m Series A investment round to accelerate product development and continued expansion in the U.S. and Europe. Blackstone Innovations Investments, Blackstone’s early-stage investment arm, led the funding round. They are joined by BNY, with participation from long-time investor Sidekick Partners.
BNY launches digital TA
BNY has launched its digital TA capabilities, supporting digitally native funds. The service will initially be launched with select clients in the U.S. and U.K., with plans for expansion. Early adopters are BNY Investments Dreyfus, Baillie Gifford, which co-designed its offering with BNY, and BlackRock.
BBH promotes Montoya
BBH has named Daniel Montoya as head of relationship management for the Americas within the investor services business. He has been at BBH for more than 20 years.
HSBC supports Kamco’s KSA sec lending launch
Kamco Invest – Saudi and HSBC Saudi Arabia have partnered to launch a securities lending service for clients investing in the Saudi equity market. The new offering broadens the investment solutions offered by Kamco Invest – Saudi by enabling their clients to earn additional income from eligible securities held within their portfolios, transforming long-term holdings…
NTRS to service Harding Loevner’s first U.S. ETF
Northern Trust has been appointed by Harding Loevner to provide ETF servicing solutions for its first U.S. ETF, the International Developed Markets Select Equity ETF. This is believed to be Northern Trust’s first ETF servicing mandate in the U.S., covering custody, fund accounting, fund administration and transfer agency, alongside ETF-specific services such as basket creation,…