Aztec Group has appointed Ore Adegbotolu, Dan Kalish and David Naab to new leadership roles in the U.S., where it established a presence in 2021 to provide fund and corporate accounting and administration services to the private equity, venture capital, infrastructure, real estate and private debt sectors. Adegbotolu is appointed head of U.S. markets, transferring…
Category: Bank Providers
RBC wins ETF mandates from Mulvihill
RBC Investor & Treasury Services has been appointed as custodian and fund administrator for three Mulvihill Capital Management ETFs trading on the TSX: Mulvihill Canadian Bank Enhanced Yield ETF, Mulvihill Premium Yield Fund ETF, and Mulvihill U.S. Health Care Enhanced Yield ETF. Mulvihill, a Toronto-based wealth management firm, is a recent entrant to the ETF…
State Street makes senior client management appointments
State Street has appointed Chelsea Grossman as head of client management for its agency lending business in North America, and Cassie Jones as head of client management for securities finance in the UK and EMEA. Grossman and Jones, based in Boston and London respectively, will report to Francesco Squillacioti, global head of client management for…
U.S. Bancorp invests in Ownera
U.S. Bancorp has joined Ownera’s Series A investment round. Ownera is a fintech working on an interoperability network for tokenized assets. Ownera aims to digitise private markets, allowing banks, asset managers and exchanges to route assets more efficiently. Other participants in the funding round include J.P. Morgan. In 2021 U.S. Bank invested in Lumint and…
Broadridge hires from BNY Mellon
Broadridge Financial Solutions has appointed Wout Kalis as head of Asia Pacific for Broadridge Asset Management Solutions. Kalis will be responsible for advancing Broadridge’s strategic asset management priorities in Asia, driving revenue growth and product expansion. He will oversee day-to-day operations and provide senior asset management leadership in the region. Most recently, he was regional…
CACEIS wins Ireland ETF mandate
CACEIS has been appointed by Investlinx Investment Management to provide depositary, custody, fund administration and execution services for Investlinx ICAV, a recently launched Irish UCITS ETF. The Investlinx ICAV will also deploy CACEIS’ ETF solutions and tools, including TEEPI ETF, a dedicated AP order portal.
SS&C hires Euan Mcleod
Euan Mcleod has joined SS&C as head of transfer agency for Asia Pacific. He previously spent 10 years at State Street in Hong Kong.
BNPP wins EUR1.3bn Dutch mandate
BNP Paribas’s securities services business has been mandated by Coöperatie Univé U.A., based in the Netherlands, to provide investment and financial administration, regulatory reporting and global custody services for its EUR1.3bn (USD1.4bn) of global assets. Univé is a cooperative insurance company offering auto, home and health insurances to its 1.6 million members.
Euronext bids for Allfunds
Euronext has submitted a preliminary offer to buy Allfunds, the fund distribution platform, for EUR5.5bn (USD5.8bn). BNP Paribas, which struck a wide-ranging distribution deal with Allfunds in 2020, holds a significant stake in the business.
Citi hires head of SS technology
Ken Sansom has joined Citi as the head of securities services technology. He joins from Amazon Web Services. His hiring is the latest in a string of senior management acquisitions by Citi’s securities services business. These include Mary Gaspar-Hillenbrand, global head of digital first transformation; Joe Bonanno, global head of data, digital, and innovation; and…