BBH has appointed co-heads of its Krakow, Poland office. Tim O’Brien and Rafal Grzech assume responsibility as co-heads and co-chairs of the Krakow ExCo, overseeing the service delivery and systems functions for investor services in Krakow. They replace Haluk Akdemir, who retires after a 29-year career at BBH. O’Brien oversees service delivery for Krakow, whilst…
Category: Bank Providers
Daron Pearce launches tokenisation platform
Daron Pearce, who spent 20 years at BNY Mellon before founding his own business in 2021, has launched Tokenbridge, a tokenisation platform which is “set to redefine the landscape of wealth and fund management”.
BNPP to integrate HSBC’s hedge fund admin business
BNP Paribas’ securities services business has signed an exclusive agreement to integrate HSBC’s hedge fund administration business. The agreement covers HSBC’s hedge fund administration business, to be transferred to BNP Paribas’ entities in several markets, including Hong Kong SAR, Singapore, Ireland, and Luxembourg. The transfer of services from HSBC to BNP Paribas will be offered…
BNY Mellon invests in MENA fintech
Lunate, the Abu Dhabi-based alternative investment management company with >USD50bn AuM, and BNY Mellon are investing in a new company, Alpheya, that will develop a customised wealth management technology platform for wealth and asset managers in the Middle East and North Africa. Based in the Abu Dhabi Global Market (ADGM), Alpheya will be funded with…
Vistra appoints Lux country head
Frank Roden has joined Vistra as country head for Luxembourg. Roden spent 22 years at BNP Paribas. He replaces Jervis Smith, who took the post in 2019 after a long career at Citi.
Fondapi adds to SGSS mandate
SGSS in Italy has been selected by Fondapi, a pension fund for small and medium sized enterprises, to provide depositary services, consolidating a relationship that has lasted since 2004.
U.S. Bank partners with Enfusion
U.S. Bank has established a partnership with Enfusion, provider of a cloud-native, SaaS platform for investment managers and asset owners, to provide mutual clients with connectivity to Enfusion’s front-to-back system and middle- and back-office managed services. The platform encompasses portfolio management, order and execution management, accounting and analytics modules, and managed services. The relationship expands…
Osman joins BNPP
Ali Osman has joined BNP Paribas as custody product manager and sovereign wealth fund specialist, based in the UK. Osman spent more than 15 years at Citi, most recently as director, global custody product management.
Costco appoints Northern Trust
Northern Trust has been selected by Costco Wholesale Corporation to provide custody, daily valuation and brokerage services for Costco’s defined contribution retirement plan, with USD29bn AuM. Headquartered in the U.S., Costco is the world’s third-largest retailer.
HSBC goes live with Broadridge
HSBC is the latest client to go live on the recently launched sponsored repo solution built on Broadridge’s DLT-enabled distributed ledger repo (DLR) platform. Through DLT and smart contracts, clients can anticipate substantial improvements in settlement costs, streamlined processes, enhanced scalability, and a marked decrease in operational risks. HSBC is the second client to go…