Transcend, a U.S.-based provider of liquidity, funding, and collateral optimisation solutions, has onboarded Citi as its latest investor. The investment was made through Citi’s strategic investments arm. Citi’s funding will support Transcend’s ongoing global roll-out of its solutions. Citi as the third global bank to invest in the fintech firm. Additionally, a long-term business agreement…
Category: Bank Providers
GMO launches first ETF
GMO, a U.S.-based investment manager, today launched its first exchange-traded fund, the GMO U.S. Quality ETF (NYSE: QLTY). QLTY was launched in partnership with the new Goldman Sachs ETF Accelerator, a digital platform that enables Goldman Sachs’ clients to quickly and efficiently launch, list, and manage ETFs. State Street has been appointed as administrator.
AirFund gets EUR6m funding boost
Amundi and Indosuez Wealth Management have acquired a stake in AirFund to promote the marketing of private asset funds. AirFund is a digital platform created in 2021 to facilitate the link between management companies and distributors of private markets funds with retail investors It raised EUR6m in a recent funding round jointly led by Amundi…
TMF hires from State Street
TMF Group, the Netherlands-based provider of business administration services, has appointed Gareth Casement as head of loan administration. Based in Dublin, he will report to Daniel Max, head of global solutions. Casement joins from State Street.
Northern Trust hires Nordics sales head
Northern Trust has hired Mikkel Mördrup as head of sales, Nordics, based in Stockholm. He joins from ISEC, where he was group CEO. The post has been vacant since Struan Malcolm left earlier this year.
Danloy joins BNP Paribas
BNP Paribas has appointed Sébastien Danloy as global head of sales & relationship management for institutional investors, a newly created role. Based in London, he becomes a permanent member of the securities services management board, reporting to Alvaro Camuñas, head of client development for securities services. Danloy was most recently global head of investor services,…
HV adds to CACEIS mandate
HV Capital, a European early-stage and growth investor, has added an additional four private equity structures to the portfolio under depositary at CACEIS Germany. CACEIS now provides depositary services for 12 of HV Capital’s Special-AIFs, representing c. EUR2.1bn (USD2.2bn) in assets.
HSBC to launch digital assets custody service
HSBC plans to launch a new digital assets custody service for institutional clients who invest in tokenised securities. Once live in 2024, HSBC’s new service will complement HSBC Orion, the bank’s platform for issuing digital assets, as well as HSBC’s recently launched offering for tokenised physical gold. The new service does not cover cryptocurrencies or…
Deutsche Bank hires Nick Bone
Deutsche Bank has hired Nick Bone for the newly created role of head of sales, U.K., Middle East and Africa, for securities services. Bone reports to the EMEA head of sales, Stephen Wilkes. Bone has previously worked at BNY Mellon, Standard Chartered and Brown Brothers Harriman, inter alia.
NTRS partners with Novata
Northern Trust has agreed with Novata, a fintech that provides ESG data for private markets investments, to provide its data to Northern Trust’s asset servicing clients. Northern Trust recently participated in a Series B funding round for Novata. Novata’s data management solution aims to provide asset owners with a clearer view of the ESG impact…