Universal Investment has appointed Nils Mordt as head of international sales and relationship management, based in London. He joins from CACEIS, where he was head of regional coverage for the UK, U.S., Middle East, and Asia. Prior to that, he spent more than six years at RBC Investor Services, most recently as head of UK…
Category: Bank Providers
HSBC adds PA capabilities in KSA
HSBC in Saudi Arabia has expanded its existing fund administration capabilities to include private assets. HSBC is thought to be one of the few providers in KSA to offer fund administration for clients investing in both traditional and private assets.
CACEIS supports new IPO on Lise
Montpensier Arbevel Focus Small 2030, with CACEIS as depositary, is taking part in the world’s first natively tokenised IPO on Lise. For the first time, a small-cap alternative investment fund is subscribing to a natively tokenised IPO. The Montpensier Arbevel Focus Small 2030 fund took part in the IPO of ST Group on Lise –…
Maiuri joins Ultimus board
Ultimus has appointed Lou Maiuri as an independent member of its board of directors. Maiuri is currently chairman and group CEO of AssetMark, and was previously, president, COO and head of investment services at State Street.
State Street to launch tokenised fund service
State Street intends to deliver a tokenised fund servicing capability from Luxembourg by the end of 2026. State Street Investment Management is expected to be an early adopter of the service. The capability will be delivered through State Street’s digital asset platform.
Grande joins Ultimus
Thomas Grande has joined Ultimus LeverPoint Private Fund Solutions as an SVP in its relationship management team, based in Boston. He was previously at U.S. Bank.
SCERS selects NTRS
The Sacramento County Employees’ Retirement System (SCERS) has selected Northern Trust to provide a range of asset servicing and outsourced solutions, including global custody, securities lending, and accounting services. SCERS, a USD15bn multiple employer public retirement system established in 1941, serves eligible public employees of Sacramento County. Northern Trust will deliver integrated financial reporting and…
Triodos partners with CACEIS
Triodos Investment Management has selected CACEIS as administrator for its Dutch Article 9 fund range, building on the existing relationship across other fund ranges. CACEIS will provide custody, depositary and fund administration services, along with a range of reporting and additional fund-related services. CACEIS is supporting sustainable finance through a special initiative for sustainability-focused funds…
NTRS expands with Saphyre
Northern Trust has expanded its capabilities to support structured, rules-based workflows across the entire account lifecycle for investment operations outsourcing (IOO) clients. The enhanced offering builds on Northern Trust’s collaboration with Saphyre, a fintech company that facilitates account transitions to help clients more efficiently manage their complex middle-office operational events. The solution allows Northern Trust’s…
CIBCM signs with Appian
CIBC Mellon has established a universal enterprise master licence with Appian, a fintech that provides process automation technology, to support AI-powered process automation and product development.