BNY Mellon has launched Universal FX, a new platform that helps clients manage and centralise their portfolio execution, regardless of the location of their custodian, prime broker or trade settlement bank. Targeted clients include investment managers, corporates, hedge funds and wealth managers. Universal FX builds on BNY Mellon’s OneFX suite of solutions and banking capabilities…
Category: Bank Providers
Saphyre hires head of client solutions
Saphyre, the U.S.-based fintech specialising in the post-trade space, has appointed Gerhard Kronsteiner as head of client solutions. Kronsteiner, who is based in the UK, has been an advisor to the Saphyre board for the last two years, and previously spent seven years at BNP Paribas, most recently as global head of operational excellence for…
State Street completes Awqaf implementation
State Street has completed implementation of a suite of investment services to support Awqaf Investment Company (AIC), the investment arm of the General Authority of Awqaf. Services include global custody, investment accounting, multi-asset class performance measurement, and data aggregation and consolidation. Headquartered in Riyadh, Saudi Arabia, AIC provides integrated investment solutions to the non-profit sector…
Citi acts as IPA for first DNN issuance
Citi has acted as the issuing and paying agent for the first digitally native note (DNN) issuance under English law via Euroclear’s digital financial market infrastructure (D-FMI) DLT platform. The EUR100m 3-year DNN was issued by the World Bank (IBRD) and listed on the Luxembourg Stock Exchange.
U.S. Bank promotes Curley
U.S. Bank has named Dylan Curley head of sales and relationship management for its global fund services division. Curley has been with U.S. Bank since 2018 and was previously head of sales.
PIMCO goes live with HUB
PIMCO is now live on the HUB platform. HUB is a fintech specialising in the investment management sector. Founded in 2021, HUB is backed by PIMCO, Man Group, S&P Global, Microsoft and State Street. PIMCO will initially use two products: HUB Trade, which manages trades through the stages of their lifecycle and enables connectivity with…
Vroegop joins BNY Mellon
Simone Vroegop has joined BNY Mellon as EMEA head of investment managers, based in London. She replaces Mark Moor, who is retiring. Vroegop reports to Irene Speridakos, global head of investment managers. She was previously at BBH, where she led strategy for the investor services business, and also spent nearly 15 years at State Street.
State Street launches T+1 FX solution
In preparation for the US equity market’s transition to a T+1 settlement cycle in 2024, State Street has launched an automated workflow solution and integration with DTCC within State Street’s FX trading service, StreetFX. By connecting to DTCC Institutional Trade Processing (ITP) and its central trade matching platform, CTM, StreetFX can now receive settlement instructions…
DTCC to acquire Securrency
DTCC, the U.S. market infrastructure provider, has signed a definitive agreement to acquire Securrency Inc., a developer of institutional-grade digital asset infrastructure. The acquisition is expected to close shortly. Both U.S. Bank and State Street are investors in Securrency. Securrency will become a wholly-owned subsidiary of DTCC and will operate under the name DTCC Digital…
Acadian transitions to BNY Mellon
Acadian Asset Management, the Boston-based manager with AuM of USD100bn, has been onboarded to BNY Mellon’s middle office platform. BNY Mellon now supports Acadian’s middle office activities, including trade support, IBOR and data delivery. Jim Crumlish, chief information officer at Acadian Asset Management, said: “This is an exciting milestone for Acadian. Strategically, this transition enables…