BNY Mellon has appointed Caroline Butler as CEO of digital assets. Butler joined BNY Mellon in 2020 as global head of custody after nearly two decades at J.P. Morgan. As the CEO of digital assets, she will continue to report to Roman Regelman, CEO of securities services and digital. As CEO of custody services, she…
Category: Bank Providers
Zodia moves into Japan with SBI
Zodia Custody, the UK-based crypto asset servicing provider for institutional investors, and SBI Digital Asset Holdings Co., Ltd. have entered into definitive agreements to launch a joint venture in Japan. Subject to anti-trust and foreign direct investment clearances, and licences from the Japanese regulator, the Financial Services Agency, the joint venture will act as a…
CACEIS strengthens ETF offering
CACEIS has strengthened its ETF solution through a new partnership with ETF index and data specialist, ULTUMUS, which will become its portfolio composition file (PCF) solution provider. Adding PCF capabilities through ULTUMUS now means that CACEIS is a one-stop-shop. It removes barriers to access the market and facilitates the launch of ETF funds for new…
Starlight consolidates with RBC
RBC Investor & Treasury Services has been selected by Starlight Investments Capital LP to provide custody, fund administration and shareholder services for its newly consolidated business, following Starlight Capital’s acquisition of Stone Investment Group Limited. A subsidiary of the real estate investment and asset management firm Starlight Investments, Starlight Capital is an independent, Toronto-based asset…
Zodia adds to BD team
Suren Ravindra has joined Zodia Custody as a business development manager, based in the UK. He was previously at Digivault.
State Street upgrades with AWC & Microsoft
State Street has engaged Amazon Web Services (AWS) and Microsoft as strategic providers of cloud and infrastructure solutions, as part of its multi-year technology transformation process. State Street is consolidating its current network of segregated data center facilities to a data center footprint with fit-for-purpose designed and managed facilities.
BNY Mellon launches buy-side trading
BNY Mellon has launched an outsourced trading service for buy-side institutions. The offering by BNY Mellon Capital Markets, LLC will be powered by xBK, the buy-side trading division that executes more than USD1trn in volumes on average annually for the company’s investment management franchise. BNY Mellon plans to offer clients a range of services, including:…
Street goes to Novatus
Novatus Advisory, a UK-based risk, regulation and ESG consultancy and technology solution provider, has appointed Richard Street as chief revenue officer for its RegTech division. Street was previously at RBC, and has also worked at Citi.
MUTB outsources cash management to FWIA
Mitsubishi UFJ Trust and Banking’s (MUTB) global securities lending solutions group has established a securities lending cash management partnership with Fort Washington Investment Advisors (FWIA), the investment arm of Western & Southern, a financial services company and life insurance group. FWIA will be MUTB’s preferred provider for clients that require a separately managed account for…
FINBOURNE expands in U.S.
FINBOURNE, the UK-based fintech focused on investment data management, has hired Daniel Dasaro as head of client delivery, U.S. He joins from Charles River, where he spent more than 10 years.